CNH GLOBAL N V Foreign (NYSE:CNH) Given New $16.00 Price Target at Citigroup

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) had its target price hoisted by analysts at Citigroup from $14.00 to $16.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 28.98% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. Baird R W cut CNH GLOBAL N V Foreign from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Wall Street Zen began coverage on CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a "sell" rating for the company. Oppenheimer reduced their price objective on 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. Northland Securities raised 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 report on Friday, April 11th. Finally, Robert W. Baird restated a "neutral" rating and set a $15.00 price objective (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.08.

CNH GLOBAL N V Foreign Stock Down 0.8%

Shares of NYSE CNH traded down $0.11 during trading hours on Friday, hitting $12.41. The stock had a trading volume of 19,359,126 shares, compared to its average volume of 13,382,882. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87. The firm's 50-day moving average price is $12.12 and its two-hundred day moving average price is $12.18. The company has a market capitalization of $15.50 billion, a P/E ratio of 12.04 and a beta of 1.50. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $3.83 billion for 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%. The company's quarterly revenue was down 20.5% compared to the same quarter last year. Analysts anticipate that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

Insider Activity

In other CNH GLOBAL N V Foreign news, 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 value of $45,402.50. Following the transaction, the insider now owns 161,473 shares in the company, valued at $2,050,707.10. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stefano Pampalone sold 12,935 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $150,563.40. Following the sale, the insider now directly owns 417,384 shares of the company's stock, valued at approximately $4,858,349.76. This trade represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 432,866 shares of company stock worth $5,081,828 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of CNH GLOBAL N V Foreign

Several hedge funds and other institutional investors have recently bought and sold shares of CNH. Vanguard Group Inc. increased its holdings in shares of CNH GLOBAL N V Foreign by 186.0% during the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after acquiring an additional 58,991,632 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of CNH GLOBAL N V Foreign by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock worth $655,624,000 after purchasing an additional 664,191 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of CNH GLOBAL N V Foreign during the fourth quarter worth approximately $361,990,000. Charles Schwab Investment Management Inc. raised its holdings in shares of CNH GLOBAL N V Foreign by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company's stock valued at $257,719,000 after purchasing an additional 395,005 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in CNH GLOBAL N V Foreign by 125.8% during the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock valued at $223,750,000 after acquiring an additional 10,149,760 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.

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.