CNH Industrial (NYSE:CNH - Free Report) had its price objective lifted by Oppenheimer from $15.00 to $16.00 in a report published on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.
A number of other analysts have also commented on the company. Morgan Stanley decreased their price objective on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. UBS Group increased their price objective on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Northland Securities raised CNH Industrial from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research note on Friday, April 11th. Wall Street Zen started coverage on CNH Industrial in a research note on Wednesday, April 30th. They issued a "sell" rating on the stock. Finally, Northland Capmk raised CNH Industrial from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $14.88.
Check Out Our Latest Research Report on CNH
CNH Industrial Stock Performance
Shares of CNH stock remained flat at $12.97 during mid-day trading on Tuesday. The stock had a trading volume of 10,375,908 shares, compared to its average volume of 15,195,757. CNH Industrial has a twelve month low of $9.28 and a twelve month high of $14.27. The firm has a market capitalization of $16.21 billion, a P/E ratio of 15.82 and a beta of 1.50. The firm's 50-day moving average is $13.04 and its 200-day moving average is $12.48. The company has a debt-to-equity ratio of 3.29, a quick ratio of 11.18 and a current ratio of 13.41.
CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates 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 Industrial had a return on equity of 14.32% and a net margin of 5.53%. The company's revenue was down 20.5% on a year-over-year basis. Research analysts anticipate that CNH Industrial will post 0.7 EPS for the current year.
Insider Transactions at CNH Industrial
In other news, CFO Oddone Incisa sold 22,515 shares of CNH Industrial stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $285,940.50. Following the transaction, the chief financial officer directly owned 856,574 shares of the company's stock, valued at $10,878,489.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Jay Schroeder sold 2,154 shares of CNH Industrial stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $27,355.80. Following the completion of the transaction, the chief technology officer directly owned 32,762 shares in the company, valued at $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,246 shares of company stock valued at $511,732. 1.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On CNH Industrial
Several hedge funds and other institutional investors have recently bought and sold shares of CNH. EverSource Wealth Advisors LLC acquired a new position in CNH Industrial during the 4th quarter worth approximately $25,000. Colonial Trust Co SC acquired a new position in CNH Industrial during the 4th quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in CNH Industrial during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC acquired a new position in CNH Industrial during the 4th quarter worth approximately $27,000. Finally, TD Waterhouse Canada Inc. acquired a new position in CNH Industrial during the 4th quarter worth approximately $29,000. 59.88% of the stock is owned by institutional investors and hedge funds.
About CNH Industrial
(
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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.
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