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

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

Several analysts recently commented on the stock. Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Northland Securities upgraded shares of CNH GLOBAL N V Foreign from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research note on Friday, April 11th. Morgan Stanley reduced their price objective on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. UBS Group raised their price objective on shares of 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. Finally, 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.

Insiders Place Their Bets

In other news, CEO Gerrit A. Marx sold 320,472 shares of CNH GLOBAL N V Foreign stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the sale, the chief executive officer now directly owns 375,136 shares in the company, valued at $4,366,583.04. The trade was a 46.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kelly Manley sold 3,575 shares of CNH GLOBAL N V Foreign stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $45,402.50. Following the sale, the insider now owns 161,473 shares of the company's stock, valued at approximately $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 432,866 shares of company stock worth $5,081,828. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On CNH GLOBAL N V Foreign

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $25,000. Colonial Trust Co SC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $26,000. Finally, Principal Securities Inc. purchased a new stake in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $27,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH GLOBAL N V Foreign Stock Performance

Shares of NYSE:CNH traded down $0.09 during midday trading on Monday, hitting $12.86. The stock had a trading volume of 15,442,218 shares, compared to its average volume of 13,213,023. The company has a market capitalization of $16.07 billion, a PE ratio of 12.49 and a beta of 1.50. The stock has a 50 day moving average price of $12.12 and a two-hundred day moving average price of $12.12. 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 1 year low of $9.28 and a 1 year high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating 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 the consensus estimate of $4.47 billion. The company's revenue was down 20.5% on a year-over-year basis. As a group, equities analysts predict that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, May 30th. Shareholders 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 is Wednesday, May 21st. CNH GLOBAL N V Foreign's payout ratio is currently 57.32%.

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.