Citigroup Issues Positive Forecast for CNH GLOBAL N V Foreign (NYSE:CNH) Stock Price

CNH GLOBAL N V Foreign (NYSE:CNH - Free Report) had its price target increased by Citigroup from $12.00 to $14.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on the company. Truist Financial decreased their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Baird R W lowered shares of CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on shares of CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 15th. StockNews.com began coverage on shares of CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They set a "sell" rating on the stock. Finally, Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.75.

CNH GLOBAL N V Foreign Price Performance

NYSE:CNH traded up $0.16 during mid-day trading on Monday, hitting $12.77. The company's stock had a trading volume of 12,000,123 shares, compared to its average volume of 12,890,643. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 12.40 and a beta of 1.50. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The stock has a fifty day moving average of $12.05 and a 200-day moving average of $11.96.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. The company's revenue was down 20.5% on a year-over-year basis. As a group, equities analysts forecast that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 21st. CNH GLOBAL N V Foreign's dividend payout ratio (DPR) is presently 57.32%.

Insider Buying and Selling

In other news, CFO Oddone Incisa sold 32,910 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $383,072.40. Following the completion of the transaction, the chief financial officer now directly owns 821,156 shares of the company's stock, valued at $9,558,255.84. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerrit A. Marx sold 320,472 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $3,730,294.08. Following the completion of the sale, the chief executive officer now owns 375,136 shares in the company, valued at $4,366,583.04. The trade was a 46.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 392,620 shares of company stock valued at $4,570,097. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at about $25,000. Colonial Trust Co SC bought a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $25,000. Quent Capital LLC bought a new position in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter worth approximately $26,000. Finally, Principal Securities Inc. acquired a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at approximately $27,000. Institutional investors own 59.88% of the company's stock.

CNH GLOBAL N V Foreign 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.