CNH GLOBAL N V Foreign (NYSE:CNH) Receives $14.92 Consensus PT from Analysts

Shares of CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $14.92.

Several equities analysts recently commented on the stock. Oppenheimer dropped their price objective on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen assumed coverage on shares of CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. Citigroup increased their price objective on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Robert W. Baird restated a "neutral" rating and issued a $15.00 price target (down from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. Finally, Evercore ISI upped their price target on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the company an "in-line" rating in a research report on Monday, May 19th.

Insider Activity

In related news, insider Stefano Pampalone sold 12,935 shares of CNH GLOBAL N V Foreign stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $150,563.40. Following the transaction, the insider now directly owns 417,384 shares of the company's stock, valued at $4,858,349.76. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gerrit A. Marx sold 320,472 shares of CNH GLOBAL N V Foreign stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the transaction, the chief executive officer now directly owns 375,136 shares in the company, valued at approximately $4,366,583.04. The trade was a 46.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 432,866 shares of company stock worth $5,081,828 over the last quarter. Insiders own 1.00% of the company's stock.

Institutional Trading of CNH GLOBAL N V Foreign

Several institutional investors have recently bought and sold shares of CNH. Mission Wealth Management LP increased its holdings in CNH GLOBAL N V Foreign by 3.0% in the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock worth $452,000 after acquiring an additional 1,056 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in CNH GLOBAL N V Foreign by 9.8% during the 1st quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company's stock valued at $173,000 after buying an additional 1,251 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in CNH GLOBAL N V Foreign by 3.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company's stock valued at $457,000 after buying an additional 1,280 shares in the last quarter. Fifth Third Bancorp grew its holdings in CNH GLOBAL N V Foreign by 29.3% during the 1st quarter. Fifth Third Bancorp now owns 6,241 shares of the company's stock valued at $77,000 after buying an additional 1,416 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in CNH GLOBAL N V Foreign by 12.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company's stock valued at $198,000 after buying an additional 1,772 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH GLOBAL N V Foreign Stock Performance

Shares of CNH traded down $0.18 during midday trading on Monday, reaching $12.67. The stock had a trading volume of 11,459,297 shares, compared to its average volume of 13,227,398. The firm has a 50 day simple moving average of $12.13 and a 200-day simple moving average of $12.14. CNH GLOBAL N V Foreign has a one year low of $9.28 and a one year high of $13.87. The firm has a market cap of $15.83 billion, a PE ratio of 12.30 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 (NYSE:CNH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. CNH GLOBAL N V Foreign's revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

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

About CNH GLOBAL N V Foreign

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.