CNH Industrial (NYSE:CNHI) Given "Market Perform" Rating at Oppenheimer

CNH Industrial (NYSE:CNHI - Get Free Report)'s stock had its "market perform" rating reaffirmed by Oppenheimer in a research note issued on Tuesday, Benzinga reports.

Several other research analysts also recently issued reports on the stock. Evercore ISI boosted their price objective 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. Robert W. Baird raised their price objective on CNH Industrial from $15.00 to $16.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Truist Financial started coverage on CNH Industrial in a report on Thursday, March 14th. They set a "buy" rating and a $18.00 price objective on the stock. StockNews.com lowered CNH Industrial from a "hold" rating to a "sell" rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group upgraded shares of CNH Industrial from a "neutral" rating to a "buy" rating and set a $19.00 price target on the stock in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.20.

CNH Industrial Stock Performance

NYSE:CNHI traded down $0.15 during mid-day trading on Tuesday, hitting $12.55. 10,574,038 shares of the company's stock traded hands, compared to its average volume of 11,896,763. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 7.26 and a beta of 1.65. The firm has a 50 day moving average of $12.37 and a two-hundred day moving average of $11.73. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74.

CNH Industrial (NYSE:CNHI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, hitting analysts' consensus estimates of $0.42. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. During the same period in the previous year, the company earned $0.36 earnings per share. The company's quarterly revenue was down 2.6% compared to the same quarter last year. On average, equities analysts forecast that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

Institutional Trading of CNH Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNHI. Raymond James & Associates grew its position in shares of CNH Industrial by 156.2% during the 1st quarter. Raymond James & Associates now owns 161,166 shares of the company's stock worth $2,556,000 after buying an additional 98,266 shares during the period. BlackRock Inc. grew its stake in shares of CNH Industrial by 113.2% in the 1st quarter. BlackRock Inc. now owns 4,073,190 shares of the company's stock valued at $64,601,000 after buying an additional 2,162,593 shares during the period. Sei Investments Co. bought a new stake in CNH Industrial in the 1st quarter valued at about $7,668,000. Canada Pension Plan Investment Board raised its stake in CNH Industrial by 0.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 703,293 shares of the company's stock worth $11,264,000 after buying an additional 5,669 shares during the period. Finally, Vanguard Group Inc. grew its stake in CNH Industrial by 1.8% in the first quarter. Vanguard Group Inc. now owns 33,478,435 shares of the company's stock valued at $530,969,000 after acquiring an additional 577,993 shares during the period. Institutional investors and hedge funds own 59.88% of the company's stock.

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.