CNH Industrial (NYSE:CNHI) Given Consensus Recommendation of "Hold" by Brokerages

CNH Industrial (NYSE:CNHI - Get Free Report) has been assigned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $15.20.

Several research firms have recently issued reports on CNHI. Evercore ISI raised their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an "in-line" rating in a report on Tuesday, February 20th. Truist Financial began coverage on shares of CNH Industrial in a report on Thursday, March 14th. They issued a "buy" rating and a $18.00 target price for the company. StockNews.com lowered shares of CNH Industrial from a "hold" rating to a "sell" rating in a report on Thursday. DA Davidson initiated coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They set a "neutral" rating and a $13.00 price objective for the company. Finally, The Goldman Sachs Group upgraded shares of CNH Industrial from a "neutral" rating to a "buy" rating and set a $19.00 price objective for the company in a report on Wednesday, January 17th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC grew its position in CNH Industrial by 8.4% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 274,060 shares of the company's stock worth $3,552,000 after purchasing an additional 21,260 shares during the last quarter. Washington Capital Management Inc. grew its position in CNH Industrial by 103.0% during the 1st quarter. Washington Capital Management Inc. now owns 73,559 shares of the company's stock worth $953,000 after purchasing an additional 37,325 shares during the last quarter. Fort Pitt Capital Group LLC grew its position in CNH Industrial by 1.5% during the 1st quarter. Fort Pitt Capital Group LLC now owns 378,516 shares of the company's stock worth $4,906,000 after purchasing an additional 5,446 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in CNH Industrial during the 1st quarter worth approximately $26,000. Finally, Foundation Resource Management Inc. grew its position in CNH Industrial by 1.0% during the 1st quarter. Foundation Resource Management Inc. now owns 632,301 shares of the company's stock worth $8,195,000 after purchasing an additional 6,337 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Price Performance

CNHI traded down $0.33 during trading on Friday, hitting $12.63. 10,899,896 shares of the company traded hands, compared to its average volume of 8,469,454. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. The stock's 50-day simple moving average is $12.36 and its two-hundred day simple moving average is $11.73. The company has a market cap of $15.87 billion, a PE ratio of 7.22 and a beta of 1.65.

CNH Industrial (NYSE:CNHI - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. During the same quarter last year, the business earned $0.36 earnings per share. CNH Industrial's quarterly revenue was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be given a $0.47 dividend. The ex-dividend date is Friday, May 10th. This represents a dividend yield of 3.71%. This is an increase from CNH Industrial's previous annual dividend of $0.39.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.