CNH Industrial's (CNH) Neutral Rating Reaffirmed at DA Davidson

Key Points

• DA Davidson reaffirmed its “neutral” rating on CNH Industrial and maintained a $12 price target, implying approximately 16.7% upside from the $10.29 share price.
• Analyst sentiment remains mixed, with six Buy, six Hold and two Sell ratings; MarketBeat reports a consensus rating of Hold and an average price target of $12.58.
• CNH Industrial exceeded quarterly expectations, reporting $0.13 in EPS versus a $0.11 estimate and $4.80 billion in revenue versus $4.77 billion expected. Institutional investors own nearly 60% of the company’s shares.

CNH Industrial (NYSE:CNH - Get Free Report)'s stock had its "neutral" rating reaffirmed by DA Davidson in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $12.00 price objective on the stock. DA Davidson's target price points to a potential upside of 16.67% from the stock's current price.

A number of other brokerages also recently commented on CNH. The Goldman Sachs Group downgraded CNH Industrial from a "buy" rating to a "neutral" rating and decreased their target price for the company from $12.00 to $10.50 in a report on Monday, May 11th. Truist Financial reiterated a "buy" rating and set a $15.00 price target (down from $16.00) on shares of CNH Industrial in a research report on Tuesday, August 4th. BMO Capital Markets raised their price objective on shares of CNH Industrial from $11.00 to $12.00 and gave the stock a "market perform" rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. upped their target price on CNH Industrial from $9.50 to $10.00 and gave the stock an "underweight" rating in a report on Monday, July 13th. Finally, Weiss Ratings cut CNH Industrial from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, CNH Industrial has a consensus rating of "Hold" and a consensus price target of $12.58.

CNH Industrial Trading Up 2.5%

Shares of NYSE CNH traded up $0.26 during mid-day trading on Wednesday, hitting $10.29. The stock had a trading volume of 4,871,790 shares, compared to its average volume of 13,998,651. The business has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $10.94. CNH Industrial has a 1 year low of $9.00 and a 1 year high of $13.31. The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23. The firm has a market cap of $12.73 billion, a P/E ratio of 41.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $4.80 billion for the quarter, compared to analysts' expectations of $4.77 billion. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 earnings per share. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. On average, equities analysts anticipate that CNH Industrial will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On CNH Industrial

A number of hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in CNH Industrial during the 2nd quarter valued at about $2,788,000. Parvin Asset Management LLC bought a new stake in shares of CNH Industrial during the second quarter valued at approximately $549,000. Manning & Napier Advisors LLC purchased a new position in CNH Industrial in the 2nd quarter worth approximately $556,000. Great Lakes Advisors LLC bought a new position in CNH Industrial in the 2nd quarter valued at approximately $30,453,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in CNH Industrial during the 2nd quarter valued at $3,361,000. Institutional investors own 59.88% of the company's stock.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company's product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.

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