CNH Industrial N.V. (CNH) - What Are Brokerages Thinking About This Stock?

Key Points

• Broker sentiment is mixed: Fourteen analysts give CNH Industrial an average “Hold” rating, with seven buys, six holds and one sell. The average 12-month price target is $13.39.
• CNH shares opened at $11.76, below the analyst average target, and have traded between $9.00 and $14.46 over the past year. The company has a $14.56 billion market capitalization and elevated debt-to-equity ratio of 3.33.
• Quarterly results exceeded expectations: CNH reported adjusted earnings of $0.13 per share versus the $0.11 consensus and revenue of $4.80 billion versus $4.77 billion expected. Institutional investors and hedge funds own approximately 59.88% of the stock.

Shares of CNH Industrial N.V. (NYSE:CNH - Get Free Report) have been assigned an average rating of "Hold" from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.39.

Several research analysts have issued reports on CNH shares. DA Davidson restated a "neutral" rating and issued a $12.00 price target on shares of CNH Industrial in a research report on Wednesday, August 19th. Robert W. Baird raised shares of CNH Industrial from a "neutral" rating to an "outperform" rating and set a $15.00 price objective for the company in a research report on Monday, August 31st. Barclays raised their price objective on shares of CNH Industrial from $12.00 to $14.00 and gave the company an "overweight" rating in a research report on Monday, October 19th. Truist Financial increased their target price on shares of CNH Industrial from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, October 5th. Finally, Evercore raised CNH Industrial from an "in-line" rating to an "outperform" rating and set a $18.00 target price for the company in a research note on Wednesday, September 2nd.

CNH Industrial Price Performance

NYSE:CNH opened at $11.76 on Monday. The company has a market cap of $14.56 billion, a PE ratio of 47.04 and a beta of 1.23. 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 stock has a 50-day simple moving average of $12.55 and a 200 day simple moving average of $11.33. CNH Industrial has a 52-week low of $9.00 and a 52-week high of $14.46.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.77 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%. The company's revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. On average, sell-side analysts expect that CNH Industrial will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in CNH Industrial during the third quarter valued at $26,000. Reyes Financial Architecture Inc. acquired a new position in CNH Industrial in the third quarter valued at approximately $41,000. Root Financial Partners LLC lifted its holdings in CNH Industrial by 204.4% in the 1st quarter. Root Financial Partners LLC now owns 5,491 shares of the company's stock worth $60,000 after purchasing an additional 3,687 shares during the last quarter. Provenance Wealth Advisors LLC acquired a new position in CNH Industrial in the third quarter valued at about $64,000. Finally, Covestor Ltd grew its position in CNH Industrial by 45.5% during the third quarter. Covestor Ltd now owns 5,216 shares of the company's stock worth $67,000 after buying an additional 1,632 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

About CNH Industrial

CNH Industrial N.V. NYSE: CNH is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.

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