Shares of CNH Industrial (NYSE:CNHI – Get Rating) have received a consensus recommendation of “Buy” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Two investment 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. The average 1 year price target among analysts that have covered the stock in the last year is $19.62.
A number of brokerages recently weighed in on CNHI. StockNews.com began coverage on shares of CNH Industrial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup began coverage on shares of CNH Industrial in a report on Friday, February 18th. They issued a “buy” rating for the company. Barclays began coverage on shares of CNH Industrial in a research note on Thursday, February 17th. They issued an “overweight” rating for the company. UBS Group decreased their price target on shares of CNH Industrial from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CNH Industrial from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, March 28th.
Several large investors have recently modified their holdings of CNHI. Huntington National Bank lifted its position 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 worth $29,000 after buying an additional 1,501 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in CNH Industrial by 355.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,249 shares of the company’s stock valued at $44,000 after purchasing an additional 1,755 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in CNH Industrial by 48.4% in the 4th quarter. BNP Paribas Arbitrage SA now owns 3,019 shares of the company’s stock valued at $59,000 after purchasing an additional 984 shares during the last quarter. National Bank of Canada FI purchased a new stake in CNH Industrial in the 4th quarter valued at $66,000. Finally, Liberty Wealth Management LLC raised its position in CNH Industrial by 207.8% in the 3rd quarter. Liberty Wealth Management LLC now owns 7,411 shares of the company’s stock valued at $127,000 after purchasing an additional 5,003 shares during the last quarter. Institutional investors and hedge funds own 35.28% of the company’s stock.
CNH Industrial (NYSE:CNHI – Get Rating) last announced its quarterly earnings data on Tuesday, February 8th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $7.98 billion. CNH Industrial had a net margin of 5.15% and a return on equity of 30.03%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, research analysts forecast that CNH Industrial will post 1.38 EPS for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 4th. Stockholders of record on Wednesday, April 20th will be given a dividend of $0.3072 per share. This represents a dividend yield of 1.9%. The ex-dividend date is Tuesday, April 19th. This is an increase from CNH Industrial’s previous annual dividend of $0.13.
CNH Industrial Company Profile (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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