JPMorgan Chase & Co. Forecasts Strong Price Appreciation for CNH Industrial (NYSE:CNH) Stock

Key Points

• JPMorgan raised CNH Industrial’s price target from $10 to $11 but maintained an “underweight” rating, implying approximately 9.3% downside from the stock’s $12.12 price.
• Analyst sentiment is mixed: CNH has an average “Hold” rating and a consensus price target of $13.30, while several firms recently upgraded the stock or raised their targets.
• CNH’s latest quarterly results exceeded expectations, with earnings of $0.13 per share and revenue of $4.80 billion; institutional investors own roughly 59.9% of the company.

CNH Industrial (NYSE:CNH - Get Free Report) had its price target raised by equities researchers at JPMorgan Chase & Co. from $10.00 to $11.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential downside of 9.28% from the stock's current price.

A number of other research firms have also commented on CNH. Truist Financial raised their price target on CNH Industrial from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Monday. Citigroup boosted their price objective on CNH Industrial from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Robert W. Baird raised CNH Industrial from a "neutral" rating to an "outperform" rating and set a $15.00 price objective on the stock in a report on Monday, August 31st. Weiss Ratings upgraded CNH Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. Finally, DA Davidson reaffirmed a "neutral" rating and set a $12.00 target price on shares of CNH Industrial in a report on Wednesday, August 19th. Eight 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $13.30.

CNH Industrial Stock Performance

Shares of CNH traded down $0.34 during trading hours on Thursday, hitting $12.12. The company's stock had a trading volume of 17,939,461 shares, compared to its average volume of 15,455,298. The business has a 50 day simple moving average of $12.30 and a two-hundred day simple moving average of $11.23. CNH Industrial has a 52-week low of $9.00 and a 52-week high of $14.46. 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 cap of $15.01 billion, a price-to-earnings ratio of 48.50 and a beta of 1.20.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The company had revenue of $4.80 billion for the quarter, compared to analysts' expectations of $4.77 billion. During the same period in the prior year, the company posted $0.17 EPS. CNH Industrial's revenue was up 2.0% compared to the same quarter last year. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. On average, equities analysts expect that CNH Industrial will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CNH. Sei Investments Co. grew its stake in CNH Industrial by 61.3% in the 1st quarter. Sei Investments Co. now owns 4,666,201 shares of the company's stock worth $51,330,000 after buying an additional 1,774,178 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of CNH Industrial during the 2nd quarter valued at $1,020,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of CNH Industrial during the 1st quarter valued at $6,332,000. Lazard Asset Management LLC lifted its holdings in shares of CNH Industrial by 187.8% during the 1st quarter. Lazard Asset Management LLC now owns 341,881 shares of the company's stock worth $3,761,000 after acquiring an additional 223,073 shares during the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of CNH Industrial during the 1st quarter worth $1,879,000. Institutional investors own 59.88% of the company's stock.

About CNH Industrial

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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