Raymond James Financial Has Lowered Expectations for CNH Industrial (NYSE:CNH) Stock Price

Key Points

• Raymond James Financial has reduced its target price for CNH Industrial from $15.00 to $14.00, indicating a potential upside of 30.78% from the previous close, while maintaining an "outperform" rating.
• Other analysts have also lowered target prices, with Truist Financial and Oppenheimer setting their targets at $14.00 and $13.00 respectively, contributing to a current consensus average price target of $14.65.
• CNH Industrial's stock is currently trading at $10.71, reflecting a 0.5% increase, with a 12-month range between $9.87 and $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) had its target price reduced by analysts at Raymond James Financial from $15.00 to $14.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price target would suggest a potential upside of 30.78% from the company's previous close.

A number of other research firms have also recently issued reports on CNH. Truist Financial decreased their price target on shares of CNH Industrial from $17.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Oppenheimer decreased their price target on shares of CNH Industrial from $16.00 to $13.00 and set an "outperform" rating for the company in a report on Thursday, September 18th. JPMorgan Chase & Co. reduced their target price on shares of CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. Finally, Barclays reduced their target price on shares of CNH Industrial from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.65.

CNH Industrial Stock Up 0.5%

NYSE:CNH traded up $0.06 during midday trading on Wednesday, reaching $10.71. 4,278,948 shares of the stock traded hands, compared to its average volume of 16,606,246. CNH Industrial has a 12-month low of $9.87 and a 12-month high of $14.27. The business has a 50-day moving average of $11.20 and a two-hundred day moving average of $12.09. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The stock has a market capitalization of $13.39 billion, a PE ratio of 16.53 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.47 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. CNH Industrial's revenue for the quarter was down 14.2% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. On average, equities analysts forecast that CNH Industrial will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total transaction of $153,755.63. Following the sale, the insider owned 14,940 shares in the company, valued at approximately $187,198.20. This trade represents a 45.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company's stock.

Institutional Trading of CNH Industrial

Several institutional investors have recently modified their holdings of CNH. Vanguard Group Inc. grew its position in shares of CNH Industrial by 186.0% in the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after purchasing an additional 58,991,632 shares during the period. Alliancebernstein L.P. grew its position in shares of CNH Industrial by 125.8% in the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock valued at $223,750,000 after purchasing an additional 10,149,760 shares during the period. Marshall Wace LLP grew its position in shares of CNH Industrial by 21,312.8% in the second quarter. Marshall Wace LLP now owns 6,781,205 shares of the company's stock valued at $87,884,000 after purchasing an additional 6,749,536 shares during the period. Norges Bank acquired a new stake in shares of CNH Industrial in the second quarter valued at about $61,198,000. Finally, BNP Paribas Financial Markets grew its position in shares of CNH Industrial by 323.0% in the second quarter. BNP Paribas Financial Markets now owns 4,776,930 shares of the company's stock valued at $61,909,000 after purchasing an additional 3,647,517 shares during the period. Institutional investors and hedge funds own 59.88% of the company's stock.

About CNH Industrial

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.

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