CNH Industrial (NYSE:CNH - Get Free Report) had its target price boosted by investment analysts at Truist Financial from $15.00 to $17.00 in a report issued on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 26.82% from the company's previous close.
A number of other research firms have also recently commented on CNH. Robert W. Baird raised CNH Industrial from a "neutral" rating to an "outperform" rating and set a $15.00 price target on the stock in a report on Monday, August 31st. DA Davidson reiterated a "neutral" rating and set a $12.00 target price on shares of CNH Industrial in a research report on Wednesday, August 19th. Citigroup lifted their target price on CNH Industrial from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Evercore raised CNH Industrial from an "in-line" rating to an "outperform" rating and set a $18.00 price target on the stock in a report on Wednesday, September 2nd. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of CNH Industrial in a research note on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.23.
Read Our Latest Analysis on CNH Industrial
CNH Industrial Price Performance
Shares of CNH traded down $0.07 during mid-day trading on Monday, reaching $13.40. The stock had a trading volume of 3,648,556 shares, compared to its average volume of 15,393,030. The business has a fifty day moving average of $12.19 and a 200 day moving average of $11.17. The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 53.58 and a beta of 1.20. CNH Industrial has a 12 month low of $9.00 and a 12 month high of $14.46.
CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.77 billion. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The company's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. Equities analysts predict that CNH Industrial will post 0.45 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of CNH. Sei Investments Co. grew its position in CNH Industrial by 61.3% in the first quarter. Sei Investments Co. now owns 4,666,201 shares of the company's stock worth $51,330,000 after acquiring an additional 1,774,178 shares in the last quarter. Norges Bank purchased a new stake in CNH Industrial during the fourth quarter valued at approximately $33,705,000. Lazard Asset Management LLC lifted its stake in shares of CNH Industrial by 187.8% in the 1st quarter. Lazard Asset Management LLC now owns 341,881 shares of the company's stock valued at $3,761,000 after purchasing an additional 223,073 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of CNH Industrial in the 1st quarter valued at approximately $6,332,000. Finally, Quantitative Investment Management LLC purchased a new position in shares of CNH Industrial in the 2nd quarter worth approximately $1,020,000. 59.88% of the stock is currently owned by institutional investors.
About CNH Industrial
(
Get Free Report)
CNH Industrial N.V. is a global manufacturer of agriculture and construction equipment. The company develops, produces and sells machinery, technologies and services used in farming, road building, infrastructure development and related industries.
Its agriculture business offers tractors, combines, harvesting equipment, planting and seeding machinery, hay and forage equipment, sprayers and precision-agriculture technologies. Its construction portfolio includes excavators, loaders, dozers, compactors, graders and other equipment.
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