CNH Industrial (NYSE:CNH) Price Target Lowered to $13.00 at Oppenheimer

Key Points

• Oppenheimer has downgraded the price target for CNH Industrial from $16.00 to $13.00, maintaining an "outperform" rating, which suggests a potential upside of 17.17%.
• Other analysts, including JPMorgan Chase and Goldman Sachs, have also reduced their price targets, with Goldman Sachs lowering it from $12.50 to $11.50.
• CNH Industrial reported earnings per share of $0.17 for the last quarter, slightly exceeding expectations, but experienced a year-over-year revenue decline of 14.2%.

CNH Industrial (NYSE:CNH - Get Free Report) had its target price cut by equities researchers at Oppenheimer from $16.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's target price indicates a potential upside of 17.17% from the stock's current price.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 2nd. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. Finally, Citigroup lifted their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.88.

CNH Industrial Price Performance

Shares of CNH Industrial stock traded up $0.25 during trading on Thursday, hitting $11.10. The stock had a trading volume of 4,721,229 shares, compared to its average volume of 17,210,959. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. CNH Industrial has a 12 month low of $10.00 and a 12 month high of $14.27. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 17.08 and a beta of 1.51. The business's 50-day moving average is $12.26 and its 200 day moving average is $12.41.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The firm's revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, sell-side analysts anticipate that CNH Industrial will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CNH. Public Employees Retirement System of Ohio boosted its stake in CNH Industrial by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company's stock worth $3,947,000 after acquiring an additional 999 shares in the last quarter. Mission Wealth Management LP grew its position in CNH Industrial by 3.0% during the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock valued at $452,000 after purchasing an additional 1,056 shares during the last quarter. TD Private Client Wealth LLC increased its stake in CNH Industrial by 1.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company's stock valued at $755,000 after purchasing an additional 1,066 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in CNH Industrial by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company's stock valued at $3,188,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in CNH Industrial by 0.6% in the second quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company's stock worth $2,344,000 after buying an additional 1,100 shares during the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

About CNH Industrial

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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