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

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for CNH Industrial (NYSE:CNH), reflecting a cautious outlook on the stock.
• Analyst target prices for CNH Industrial have been universally lowered, with Raymond James and Oppenheimer both setting new objectives of $14.00 and $13.00, respectively.
• CNH Industrial reported earnings of $0.17 per share, exceeding expectations, but its revenue decreased by 14.2% compared to the same quarter last year.

CNH Industrial (NYSE:CNH - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other analysts have also recently weighed in on the stock. Raymond James Financial reduced their target price on shares of CNH Industrial from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Wednesday. Oppenheimer reduced their target price 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. The Goldman Sachs Group lowered shares of CNH Industrial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Truist Financial decreased their price objective on shares of CNH Industrial from $17.00 to $14.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, CNH Industrial currently has a consensus rating of "Moderate Buy" and an average price target of $14.65.

CNH Industrial Price Performance

NYSE:CNH traded down $0.02 during trading hours on Friday, reaching $10.78. 7,055,882 shares of the company's stock were exchanged, compared to its average volume of 11,571,769. The company has a market capitalization of $13.48 billion, a P/E ratio of 16.58 and a beta of 1.51. CNH Industrial has a 12 month low of $9.87 and a 12 month high of $14.27. 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 business's 50-day simple moving average is $11.10 and its two-hundred day simple moving average is $12.09.

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

Insider Transactions at CNH Industrial

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the sale, the insider owned 14,940 shares in the company, valued at $187,198.20. This represents a 45.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CNH Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNH. Vanguard Group Inc. lifted its position in CNH Industrial by 186.0% in the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock worth $1,113,847,000 after buying an additional 58,991,632 shares in the last quarter. Alliancebernstein L.P. lifted its position in CNH Industrial by 125.8% in the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock worth $223,750,000 after buying an additional 10,149,760 shares in the last quarter. Marshall Wace LLP lifted its position in CNH Industrial by 21,312.8% in the 2nd quarter. Marshall Wace LLP now owns 6,781,205 shares of the company's stock worth $87,884,000 after buying an additional 6,749,536 shares in the last quarter. Norges Bank purchased a new stake in CNH Industrial in the 2nd quarter worth approximately $61,198,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of CNH Industrial by 323.0% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.

CNH Industrial Company Profile

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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