Barclays Lowers CNH Industrial (NYSE:CNH) Price Target to $14.00

Key Points

• Barclays has reduced its price target for CNH Industrial from $16.00 to $14.00, while maintaining an "overweight" rating, indicating a potential upside of 34.32% from the current price.
• Several other financial analysts have also lowered their price targets for CNH Industrial, with Oppenheimer setting a target of $13.00 and Goldman Sachs adjusting to $11.50.
• Despite a reduction in revenue of 14.2% year-over-year, CNH Industrial reported earnings of $0.17 EPS for the latest quarter, beating expectations of $0.16 EPS.

CNH Industrial (NYSE:CNH - Get Free Report) had its price objective decreased by equities researchers at Barclays from $16.00 to $14.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target suggests a potential upside of 34.32% from the company's current price.

CNH has been the subject of several other reports. Oppenheimer decreased their price target on shares of CNH Industrial from $16.00 to $13.00 and set an "outperform" rating for the company in a report on Thursday, September 18th. Weiss Ratings reissued a "hold (c)" rating on shares of CNH Industrial in a research report on Wednesday, October 8th. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $12.50 to $11.50 in a research report on Wednesday, July 16th. Truist Financial dropped their target price on shares of CNH Industrial from $17.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.71.

CNH Industrial Stock Performance

Shares of CNH stock traded down $0.02 during trading hours on Monday, reaching $10.42. The stock had a trading volume of 1,809,656 shares, compared to its average volume of 16,677,793. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. CNH Industrial has a twelve month low of $9.87 and a twelve month high of $14.27. The firm has a 50-day simple moving average of $11.28 and a 200-day simple moving average of $12.11. The firm has a market capitalization of $13.04 billion, a PE ratio of 16.02 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $4.71 billion for the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. CNH Industrial's quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, equities analysts forecast that CNH Industrial will post 0.7 earnings per share for the current year.

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total transaction of $153,755.63. Following the completion of the transaction, the insider owned 14,940 shares of the company's stock, valued at $187,198.20. This represents a 45.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of CNH Industrial by 186.0% in the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock worth $1,113,847,000 after buying an additional 58,991,632 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of CNH Industrial by 125.8% during the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock valued at $223,750,000 after buying an additional 10,149,760 shares during the last quarter. Marshall Wace LLP grew its stake in CNH Industrial by 21,312.8% in the second quarter. Marshall Wace LLP now owns 6,781,205 shares of the company's stock worth $87,884,000 after purchasing an additional 6,749,536 shares in the last quarter. Norges Bank bought a new position in CNH Industrial in the second quarter worth approximately $61,198,000. Finally, BNP Paribas Financial Markets grew its stake in CNH Industrial by 323.0% in the second quarter. BNP Paribas Financial Markets now owns 4,776,930 shares of the company's stock worth $61,909,000 after purchasing an additional 3,647,517 shares in the last quarter. Institutional investors own 59.88% of the company's stock.

CNH Industrial Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.

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