Barclays Forecasts Strong Price Appreciation for CNH Industrial (NYSE:CNH) Stock

Key Points

• Barclays raised its price target on CNH from $11 to $12 and kept an overweight rating, implying about 7.9% upside; Oppenheimer lifted its target to $16 while the consensus target is $13.30 amid mixed analyst views (8 Buy, 6 Hold, 1 Sell).
• CNH posted an EPS beat ($0.19 vs. $0.11) and revenue of $5.16B (vs. $4.91B), up 5.8% year-over-year; the stock trades near $11.12 with a $13.8B market cap and a high debt-to-equity ratio of 3.44.

CNH Industrial (NYSE:CNH - Get Free Report) had its target price upped by equities researchers at Barclays from $11.00 to $12.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 7.89% from the stock's previous close.

Several other brokerages also recently commented on CNH. Oppenheimer upped their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the company an "outperform" rating in a report on Wednesday, February 18th. iA Financial set a $13.00 target price on CNH Industrial in a research note on Wednesday, January 14th. Wall Street Zen upgraded CNH Industrial from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Weiss Ratings raised CNH Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 2nd. Finally, UBS Group dropped their price objective on CNH Industrial from $15.00 to $14.00 and set a "buy" rating for the company in a report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, CNH Industrial has a consensus rating of "Hold" and a consensus target price of $13.30.

CNH Industrial Trading Up 1.1%

NYSE:CNH traded up $0.12 during midday trading on Wednesday, hitting $11.12. 10,040,349 shares of the company traded hands, compared to its average volume of 15,087,728. The firm has a market capitalization of $13.80 billion, a P/E ratio of 27.81, a P/E/G ratio of 1.56 and a beta of 1.24. The firm's fifty day moving average is $11.51 and its 200-day moving average is $10.62. CNH Industrial has a 12-month low of $9.00 and a 12-month high of $14.27. The company has a current ratio of 13.34, a quick ratio of 11.36 and a debt-to-equity ratio of 3.44.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The company had revenue of $5.16 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. CNH Industrial's quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that CNH Industrial will post 0.7 EPS for the current year.

Institutional Investors Weigh In On CNH Industrial

Several large investors have recently modified their holdings of the business. Quent Capital LLC bought a new position in shares of CNH Industrial during the third quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in CNH Industrial during the third quarter worth $29,000. Clearstead Advisors LLC boosted its position in CNH Industrial by 132.7% during the 3rd quarter. Clearstead Advisors LLC now owns 3,374 shares of the company's stock valued at $37,000 after acquiring an additional 1,924 shares in the last quarter. Elevation Wealth Partners LLC purchased a new position in shares of CNH Industrial in the 4th quarter valued at $31,000. Finally, Advisory Services Network LLC purchased a new position in shares of CNH Industrial in the 3rd quarter valued at $37,000. Institutional investors own 59.88% of the company's stock.

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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