Evercore ISI Forecasts Strong Price Appreciation for CNH GLOBAL N V Foreign (NYSE:CNH) Stock

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) had its price objective upped by investment analysts at Evercore ISI from $13.00 to $15.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "in-line" rating on the stock. Evercore ISI's price objective points to a potential upside of 17.46% from the stock's previous close.

Several other analysts have also issued reports on the stock. Wall Street Zen began coverage on shares of CNH GLOBAL N V Foreign in a research report on Wednesday, April 30th. They set a "sell" rating for the company. Oppenheimer cut their target price 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 report on Tuesday, April 22nd. Citigroup upped their price target 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. Robert W. Baird reiterated 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, Truist Financial dropped their price target on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CNH GLOBAL N V Foreign presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.92.

CNH GLOBAL N V Foreign Stock Performance

NYSE CNH traded down $0.19 during trading hours on Monday, hitting $12.77. 17,826,470 shares of the company's stock traded hands, compared to its average volume of 13,125,049. The business's fifty day moving average price is $12.13 and its two-hundred day moving average price is $12.09. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. The firm has a market capitalization of $15.96 billion, a P/E ratio of 12.40 and a beta of 1.50. CNH GLOBAL N V Foreign has a 52 week low of $9.28 and a 52 week high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH - Get Free Report) last announced 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. The company had revenue of $3.83 billion during 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 revenue for the quarter was down 20.5% compared to the same quarter last year. Equities research analysts predict that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

Insider Transactions at CNH GLOBAL N V Foreign

In related news, insider Stefano Pampalone sold 12,935 shares of the company's stock in a transaction 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 sale, the insider now owns 417,384 shares of the company's stock, valued at $4,858,349.76. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kelly Manley sold 3,575 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $45,402.50. Following the sale, the insider now directly owns 161,473 shares in the company, valued at approximately $2,050,707.10. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,866 shares of company stock valued at $5,081,828. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CNH GLOBAL N V Foreign

A number of hedge funds have recently bought and sold shares of CNH. Assenagon Asset Management S.A. purchased a new stake in CNH GLOBAL N V Foreign during the fourth quarter valued at $3,000,000. Park Avenue Securities LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at $180,000. Gateway Investment Advisers LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at $306,000. Merit Financial Group LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at $217,000. Finally, HB Wealth Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at $221,000. 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.