Weiss Ratings Reaffirms "Hold (C)" Rating for CNH Industrial (NYSE:CNH)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for CNH Industrial, reflecting cautious sentiment among analysts regarding the stock's performance.
• The stock price target has seen multiple revisions with Oppenheimer lowering it from $16.00 to $13.00, while Goldman Sachs reduced theirs from $12.50 to $11.50, indicating varying outlooks among analysts.
• CNH Industrial's stock has decreased by 2.6%, trading at $10.68, and the company's revenue was down 14.2% year-over-year despite beating earnings expectations in its latest quarterly report.

CNH Industrial (NYSE:CNH - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the company. Oppenheimer lowered their price objective on CNH Industrial from $16.00 to $13.00 and set an "outperform" rating on the stock in a research note on Thursday, September 18th. Truist Financial decreased their price objective on shares of CNH Industrial from $17.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday. The Goldman Sachs Group lowered CNH Industrial from a "buy" rating to a "neutral" rating and cut their target price for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. dropped their price objective on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $14.77.

CNH Industrial Stock Down 2.6%

Shares of CNH stock traded down $0.28 during trading on Wednesday, reaching $10.68. The company's stock had a trading volume of 11,165,816 shares, compared to its average volume of 11,252,124. The business has a fifty day moving average price of $11.59 and a 200-day moving average price of $12.21. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 16.43 and a beta of 1.51. CNH Industrial has a one year low of $10.00 and a one year high of $14.27.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company's revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Analysts anticipate that CNH Industrial will post 0.7 earnings per share for the current year.

Insider Transactions at CNH Industrial

In related news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the sale, the insider directly owned 14,940 shares in the company, valued at approximately $187,198.20. This represents a 45.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CNH. Hedges Asset Management LLC grew its position in CNH Industrial by 69.8% during the 3rd quarter. Hedges Asset Management LLC now owns 109,500 shares of the company's stock worth $1,188,000 after purchasing an additional 45,000 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in CNH Industrial by 11.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 488,851 shares of the company's stock worth $5,304,000 after acquiring an additional 48,844 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of CNH Industrial during the 3rd quarter worth about $100,000. Capital Asset Advisory Services LLC increased its holdings in shares of CNH Industrial by 13.0% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 17,718 shares of the company's stock worth $192,000 after purchasing an additional 2,034 shares during the period. Finally, Corient Private Wealth LLC increased its stake in CNH Industrial by 24.1% in the second quarter. Corient Private Wealth LLC now owns 33,994 shares of the company's stock valued at $441,000 after acquiring an additional 6,610 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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