CNH GLOBAL N V Foreign (NYSE:CNH) Receives $14.92 Average Target Price from Brokerages

Shares of CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.92.

CNH has been the subject of several research analyst reports. Oppenheimer decreased their price target 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. UBS Group boosted their target price on CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Northland Securities upgraded CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a research note on Friday, April 11th. Morgan Stanley lowered their price objective on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup increased their target price on shares of CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, May 5th.

CNH GLOBAL N V Foreign Stock Up 1.6%

NYSE:CNH traded up $0.20 on Monday, hitting $12.96. The stock had a trading volume of 25,436,864 shares, compared to its average volume of 13,204,107. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.87. The firm's fifty day simple moving average is $12.12 and its two-hundred day simple moving average is $12.12. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. The stock has a market cap of $16.19 billion, a P/E ratio of 12.58 and a beta of 1.50.

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

CNH GLOBAL N V Foreign Cuts Dividend

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

Insider Buying and Selling

In other news, CEO Gerrit A. Marx sold 320,472 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was 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 of the company's stock, valued at approximately $4,366,583.04. The trade was a 46.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kelly Manley sold 3,575 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the transaction, the insider now directly owns 161,473 shares of the company's stock, valued at $2,050,707.10. The trade was a 2.17% decrease in their position. 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 ninety days. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moore Capital Management LP bought a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $10,166,000. Integrated Wealth Concepts LLC bought a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $163,000. Eisler Capital Management Ltd. bought a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $2,985,000. Deprince Race & Zollo Inc. bought a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $9,345,000. Finally, Captrust Financial Advisors bought a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at approximately $2,287,000. 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.