Analysts Set CNH GLOBAL N V Foreign (NYSE:CNH) Price Target at $14.92

Shares of CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $14.92.

A number of research analysts have weighed in on CNH shares. Robert W. Baird reaffirmed a "neutral" rating and issued a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a research note on Monday, March 3rd. Citigroup raised 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. Truist Financial dropped their price objective on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $16.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Evercore ISI increased their target price on shares of CNH GLOBAL N V Foreign from $13.00 to $15.00 and gave the company an "in-line" rating in a report on Monday, May 19th.

CNH GLOBAL N V Foreign Trading Up 0.3%

Shares of CNH traded up $0.03 during trading hours on Monday, hitting $12.68. 1,882,698 shares of the stock were exchanged, compared to its average volume of 13,243,992. CNH GLOBAL N V Foreign has a fifty-two week low of $9.28 and a fifty-two week high of $13.87. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83. The business has a 50-day moving average of $12.13 and a 200-day moving average of $12.14. The firm has a market capitalization of $15.85 billion, a P/E ratio of 12.32 and a beta of 1.50.

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 (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The firm's quarterly revenue was down 20.5% on a year-over-year basis. On average, research analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS 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. Stockholders of record on Wednesday, May 21st will be paid 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 payout ratio is 57.32%.

Insider Activity

In other news, CFO Oddone Incisa sold 22,515 shares of the firm'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 $285,940.50. Following the completion of the transaction, the chief financial officer now directly owns 856,574 shares in the company, valued at approximately $10,878,489.80. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stefano Pampalone sold 12,935 shares of the firm'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 transaction of $150,563.40. Following the completion of the transaction, the insider now owns 417,384 shares of the company's stock, valued at $4,858,349.76. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 432,866 shares of company stock worth $5,081,828. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On CNH GLOBAL N V Foreign

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of CNH GLOBAL N V Foreign by 186.0% in the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock worth $1,113,847,000 after acquiring an additional 58,991,632 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter valued at $361,990,000. Charles Schwab Investment Management Inc. bought a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $233,474,000. Dimensional Fund Advisors LP bought a new stake in shares of CNH GLOBAL N V Foreign during the 4th quarter valued at $162,095,000. Finally, Marathon Asset Management Ltd bought a new position in CNH GLOBAL N V Foreign in the 4th quarter worth about $161,043,000. 59.88% of the stock is currently owned by institutional investors.

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.