Deutsche Bank Aktiengesellschaft Trims CNH Industrial (NYSE:CNHI) Target Price to $20.00

CNH Industrial (NYSE:CNHIGet Rating) had its target price dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from $21.00 to $20.00 in a report released on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 26.34% from the company’s previous close.

CNHI has been the subject of several other research reports. Barclays started coverage on shares of CNH Industrial in a research report on Thursday, February 17th. They set an “overweight” rating for the company. Morgan Stanley dropped their price target on shares of CNH Industrial from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 4th. Zacks Investment Research cut shares of CNH Industrial from a “hold” rating to a “strong sell” rating and set a $14.00 target price on the stock. in a research note on Monday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of CNH Industrial from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, March 28th. Finally, UBS Group reduced their target price on shares of CNH Industrial from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, January 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $19.76.

CNHI stock opened at $15.83 on Thursday. The firm has a 50 day moving average price of $15.35 and a 200-day moving average price of $16.53. CNH Industrial has a 52-week low of $13.21 and a 52-week high of $19.69. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 12.46 and a beta of 1.70. The company has a debt-to-equity ratio of 3.49, a quick ratio of 3.75 and a current ratio of 4.80.

CNH Industrial (NYSE:CNHIGet Rating) last released its earnings results on Tuesday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $7.98 billion. CNH Industrial had a net margin of 5.15% and a return on equity of 30.03%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. As a group, sell-side analysts forecast that CNH Industrial will post 1.37 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group lifted its position in CNH Industrial by 61.3% during the fourth quarter. Schroder Investment Management Group now owns 28,057,331 shares of the company’s stock valued at $478,938,000 after acquiring an additional 10,660,436 shares during the last quarter. Norges Bank purchased a new stake in CNH Industrial during the fourth quarter valued at approximately $421,847,000. Southpoint Capital Advisors LP lifted its position in CNH Industrial by 57.4% during the fourth quarter. Southpoint Capital Advisors LP now owns 15,000,000 shares of the company’s stock valued at $291,450,000 after acquiring an additional 5,468,877 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in CNH Industrial by 33.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 13,830,145 shares of the company’s stock valued at $235,364,000 after acquiring an additional 3,446,211 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in CNH Industrial by 6.8% during the third quarter. Allianz Asset Management GmbH now owns 12,160,239 shares of the company’s stock valued at $201,981,000 after acquiring an additional 772,725 shares during the last quarter. 35.28% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Company Profile (Get Rating)

CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.

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