CNH Industrial (NYSE:CNH) Cut to "Neutral" at The Goldman Sachs Group

The Goldman Sachs Group cut shares of CNH Industrial (NYSE:CNH - Free Report) from a buy rating to a neutral rating in a research report released on Wednesday morning, Marketbeat reports. The Goldman Sachs Group currently has $11.50 price target on the stock, down from their previous price target of $12.50.

A number of other analysts also recently weighed in on the stock. Evercore ISI raised their price target on shares of CNH Industrial from $13.00 to $15.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Wall Street Zen initiated coverage on shares of CNH Industrial in a research report on Wednesday, April 30th. They set a "sell" rating for the company. UBS Group raised their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Northland Capmk raised shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.88.

CNH Industrial Price Performance

Shares of CNH remained flat at $12.97 during mid-day trading on Wednesday. 10,375,908 shares of the stock were exchanged, compared to its average volume of 15,195,757. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of 15.82 and a beta of 1.50. The firm has a 50-day moving average of $13.04 and a two-hundred day moving average of $12.49. CNH Industrial has a 12 month low of $9.28 and a 12 month high of $14.27. The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. The business's quarterly revenue was down 20.5% compared to the same quarter last year. On average, equities research analysts expect that CNH Industrial will post 0.7 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Oddone Incisa sold 22,515 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 transaction of $285,940.50. Following the sale, the chief financial officer directly owned 856,574 shares in the company, valued at $10,878,489.80. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $27,355.80. Following the sale, the chief technology officer owned 32,762 shares in the company, valued at approximately $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,246 shares of company stock worth $511,732. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On CNH Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of CNH. Bank Pictet & Cie Europe AG bought a new stake in CNH Industrial in the fourth quarter worth about $1,937,000. Victory Capital Management Inc. purchased a new position in CNH Industrial in the 4th quarter worth about $708,000. Proficio Capital Partners LLC purchased a new position in CNH Industrial in the 4th quarter worth about $221,000. PNC Financial Services Group Inc. purchased a new position in CNH Industrial in the 4th quarter worth about $365,000. Finally, HighTower Advisors LLC purchased a new position in CNH Industrial in the 4th quarter worth about $2,484,000. 59.88% of the stock is currently 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.