Truist Financial Cuts CNH Industrial (NYSE:CNHI) Price Target to $17.00

CNH Industrial (NYSE:CNHI - Free Report) had its price objective cut by Truist Financial from $18.00 to $17.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their target price on CNH Industrial from $14.50 to $14.00 and set a neutral rating on the stock in a research note on Friday. StockNews.com cut CNH Industrial from a hold rating to a sell rating in a research note on Thursday, April 11th. Morgan Stanley started coverage on CNH Industrial in a research note on Monday, January 8th. They issued an equal weight rating and a $12.70 price objective on the stock. Bank of America reissued a neutral rating on shares of CNH Industrial in a research note on Monday, April 22nd. Finally, Oppenheimer reissued a market perform rating on shares of CNH Industrial in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $15.20.

CNH Industrial Price Performance

Shares of CNH Industrial stock traded up $0.11 during trading hours on Monday, hitting $11.59. The company's stock had a trading volume of 7,401,268 shares, compared to its average volume of 12,038,937. The business has a 50 day moving average price of $12.25 and a two-hundred day moving average price of $11.72. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74. The company has a market cap of $14.55 billion, a PE ratio of 6.77 and a beta of 1.66. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32.

CNH Industrial (NYSE:CNHI - Get Free Report) last posted its 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 company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.46 billion. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The firm's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. Analysts expect that CNH Industrial will post 1.53 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be paid a $0.47 dividend. This represents a yield of 3.71%. This is a positive change from CNH Industrial's previous annual dividend of $0.39. The ex-dividend date of this dividend is Friday, May 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. purchased a new stake in shares of CNH Industrial during the 4th quarter valued at approximately $25,000. Salem Investment Counselors Inc. purchased a new stake in shares of CNH Industrial during the 1st quarter valued at approximately $26,000. Larson Financial Group LLC raised its position in CNH Industrial by 566.0% in the first quarter. Larson Financial Group LLC now owns 2,118 shares of the company's stock valued at $27,000 after purchasing an additional 1,800 shares during the period. Alta Advisers Ltd acquired a new position in CNH Industrial during the third quarter worth $40,000. Finally, Hartford Financial Management Inc. boosted its position in shares of CNH Industrial by 210.0% during the first quarter. Hartford Financial Management Inc. now owns 3,100 shares of the company's stock worth $40,000 after buying an additional 2,100 shares during the period. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Company Profile

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.