CNH Industrial (NYSE:CNH) Given New $13.00 Price Target 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 price objective decreased by equities research analysts at Oppenheimer from $16.00 to $13.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price target would suggest a potential upside of 18.13% from the stock's current price.

Other analysts have also issued reports about the stock. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price target on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 2nd. Finally, Citigroup raised their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. One 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.88.

CNH Industrial Trading Up 0.3%

Shares of CNH Industrial stock traded up $0.04 during midday trading on Thursday, reaching $11.01. 12,318,652 shares of the company's stock traded hands, compared to its average volume of 17,280,678. The stock has a 50 day moving average of $12.15 and a 200-day moving average of $12.39. CNH Industrial has a 12 month low of $10.00 and a 12 month high of $14.27. The company has a market cap of $13.77 billion, a PE ratio of 16.93 and a beta of 1.51. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33.

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

Insiders Place Their Bets

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the transaction, the insider directly owned 14,940 shares of the company's stock, valued at approximately $187,198.20. This trade represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company's stock.

Institutional Investors Weigh In On CNH Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of CNH. Global X Japan Co. Ltd. purchased a new position in shares of CNH Industrial in the first quarter valued at about $29,000. Twin Tree Management LP lifted its holdings in CNH Industrial by 1,068.0% in the 1st quarter. Twin Tree Management LP now owns 2,362 shares of the company's stock worth $29,000 after purchasing an additional 2,606 shares in the last quarter. Brooklyn Investment Group boosted its stake in CNH Industrial by 218.3% in the 1st quarter. Brooklyn Investment Group now owns 3,390 shares of the company's stock worth $42,000 after purchasing an additional 2,325 shares during the period. Transamerica Financial Advisors LLC grew its holdings in CNH Industrial by 923.2% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company's stock valued at $47,000 after buying an additional 3,296 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in shares of CNH Industrial by 697.1% during the first quarter. Harbour Investments Inc. now owns 4,376 shares of the company's stock valued at $54,000 after buying an additional 3,827 shares during the last quarter. 59.88% of the stock is owned by 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.