CNH Industrial (NYSE:CNHI) Given New $14.00 Price Target at JPMorgan Chase & Co.

CNH Industrial (NYSE:CNHI - Get Free Report) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $14.50 to $14.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 21.90% from the company's current price.

A number of other research firms also recently commented on CNHI. Evercore ISI lifted their price target on CNH Industrial from $11.50 to $13.00 and gave the stock an "in-line" rating in a research note on Tuesday, February 20th. StockNews.com lowered CNH Industrial from a "hold" rating to a "sell" rating in a report on Thursday, April 11th. Morgan Stanley initiated coverage on CNH Industrial in a report on Monday, January 8th. They set an "equal weight" rating and a $12.70 target price for the company. The Goldman Sachs Group raised CNH Industrial from a "neutral" rating to a "buy" rating and set a $19.00 target price for the company in a report on Wednesday, January 17th. Finally, Robert W. Baird upped their target price on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.27.

CNH Industrial Stock Down 1.7 %

Shares of CNH Industrial stock traded down $0.20 during trading hours on Friday, hitting $11.49. 9,092,739 shares of the company's stock traded hands, compared to its average volume of 12,092,861. The stock has a 50 day simple moving average of $12.26 and a 200-day simple moving average of $11.72. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The company has a market cap of $14.43 billion, a PE ratio of 6.56 and a beta of 1.66. CNH Industrial has a twelve month low of $9.77 and a twelve month high of $15.74.

CNH Industrial (NYSE:CNHI - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. Equities research analysts anticipate that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CNH Industrial

A number of institutional investors have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. acquired a new stake in shares of CNH Industrial during the 4th quarter valued at $25,000. Salem Investment Counselors Inc. acquired a new stake in shares of CNH Industrial during the 1st quarter valued at $26,000. Larson Financial Group LLC lifted its position in shares of CNH Industrial by 566.0% during the 1st quarter. Larson Financial Group LLC now owns 2,118 shares of the company's stock valued at $27,000 after acquiring an additional 1,800 shares during the last quarter. Alta Advisers Ltd acquired a new stake in shares of CNH Industrial during the 3rd quarter valued at $40,000. Finally, Hartford Financial Management Inc. lifted its position in shares of CNH Industrial by 210.0% during the 1st quarter. Hartford Financial Management Inc. now owns 3,100 shares of the company's stock valued at $40,000 after acquiring an additional 2,100 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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