CNH Industrial (NYSE:CNH) Upgraded at Evercore

Key Points

• Evercore upgraded CNH Industrial to “outperform” from “in-line” and set an $18 price target, implying 31.52% upside from the prior close.
• Analyst sentiment remains mixed, with eight Buy, five Hold, and two Sell ratings; the consensus rating is “Hold” with an average target price of $13.10.
• CNH Industrial reported quarterly EPS of $0.13, beating estimates of $0.11, while revenue reached $4.80 billion and increased 2% year over year.

CNH Industrial (NYSE:CNH - Get Free Report) was upgraded by investment analysts at Evercore from an "in-line" rating to an "outperform" rating in a report issued on Wednesday, Marketbeat Ratings reports. The firm presently has a $18.00 price objective on the stock. Evercore's target price would indicate a potential upside of 31.52% from the company's previous close.

Other equities analysts have also issued research reports about the stock. DA Davidson reiterated a "neutral" rating and issued a $12.00 price target on shares of CNH Industrial in a report on Wednesday, August 19th. BMO Capital Markets raised their price objective on CNH Industrial from $11.00 to $12.00 and gave the company a "market perform" rating in a research report on Tuesday, August 4th. Weiss Ratings cut CNH Industrial from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 12th. Citigroup upped their target price on CNH Industrial from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, Truist Financial reiterated a "buy" rating and issued a $15.00 target price (down from $16.00) on shares of CNH Industrial in a research note on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $13.10.

CNH Industrial Price Performance

CNH Industrial stock traded up $1.19 during mid-day trading on Wednesday, reaching $13.69. The company had a trading volume of 42,950,810 shares, compared to its average volume of 15,035,896. CNH Industrial has a 1 year low of $9.00 and a 1 year high of $13.89. The company has a debt-to-equity ratio of 3.33, a current ratio of 12.23 and a quick ratio of 10.16. The company has a market capitalization of $16.94 billion, a P/E ratio of 54.74, a P/E/G ratio of 2.08 and a beta of 1.17. The stock's 50-day simple moving average is $10.86 and its 200-day simple moving average is $10.92.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The company had revenue of $4.80 billion during 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 for the quarter 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. On average, equities analysts predict that CNH Industrial will post 0.45 EPS for the current year.

Hedge Funds Weigh In On CNH Industrial

Institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LP increased its holdings in shares of CNH Industrial by 146.3% in the 2nd quarter. Corient Private Wealth LP now owns 148,264 shares of the company's stock valued at $1,665,000 after acquiring an additional 88,077 shares during the last quarter. California State Teachers Retirement System boosted its holdings in CNH Industrial by 855.2% in the second quarter. California State Teachers Retirement System now owns 13,390,776 shares of the company's stock worth $150,378,000 after purchasing an additional 11,988,857 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of CNH Industrial during the second quarter worth $104,000. Saudi Central Bank raised its holdings in shares of CNH Industrial by 88.7% during the second quarter. Saudi Central Bank now owns 60,785 shares of the company's stock worth $683,000 after purchasing an additional 28,581 shares during the period. Finally, AlphaGrep UK Ltd bought a new position in shares of CNH Industrial in the 2nd quarter worth about $130,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company's product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.

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