CNH Industrial (NYSE:CNHI) Price Target Lowered to $21.00 at Morgan Stanley

CNH Industrial (NYSE:CNHIGet Rating) had its target price lowered by Morgan Stanley from $22.00 to $21.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 33.16% from the stock’s previous close.

Several other research firms have also recently weighed in on CNHI. StockNews.com started coverage on CNH Industrial in a report on Thursday, March 31st. They set a “hold” rating for the company. Citigroup started coverage on CNH Industrial in a report on Friday, February 18th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on CNH Industrial from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday. Barclays started coverage on CNH Industrial in a research note on Thursday, February 17th. They set an “overweight” rating on the stock. Finally, UBS Group lowered their price objective on CNH Industrial from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $19.62.

Shares of NYSE CNHI opened at $15.77 on Monday. The company has a fifty day moving average price of $15.38 and a 200 day moving average price of $16.50. CNH Industrial has a 1-year low of $13.21 and a 1-year high of $19.69. The company has a current ratio of 4.80, a quick ratio of 3.75 and a debt-to-equity ratio of 3.49. The firm has a market cap of $21.39 billion, a PE ratio of 12.42 and a beta of 1.70.

CNH Industrial (NYSE:CNHIGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. CNH Industrial had a return on equity of 30.03% and a net margin of 5.15%. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $7.98 billion. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. Equities research analysts forecast that CNH Industrial will post 1.38 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNHI. Huntington National Bank boosted its holdings in shares of CNH Industrial by 150,100.0% during the 4th quarter. Huntington National Bank now owns 1,502 shares of the company’s stock valued at $29,000 after acquiring an additional 1,501 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in CNH Industrial by 355.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,249 shares of the company’s stock worth $44,000 after buying an additional 1,755 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in CNH Industrial by 48.4% during the 4th quarter. BNP Paribas Arbitrage SA now owns 3,019 shares of the company’s stock worth $59,000 after buying an additional 984 shares during the period. National Bank of Canada FI acquired a new position in CNH Industrial during the 4th quarter worth about $66,000. Finally, Liberty Wealth Management LLC lifted its holdings in CNH Industrial by 207.8% during the 3rd quarter. Liberty Wealth Management LLC now owns 7,411 shares of the company’s stock worth $127,000 after buying an additional 5,003 shares during the period. 35.28% of the stock is currently owned by institutional investors.

About CNH Industrial (Get Rating)

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

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