CNH Industrial (NYSE:CNHI) Cut to Sell at StockNews.com

CNH Industrial (NYSE:CNHI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other research analysts have also issued reports on the company. Morgan Stanley assumed coverage on CNH Industrial in a report on Monday, January 8th. They issued an “equal weight” rating and a $12.70 target price for the company. The Goldman Sachs Group raised CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, January 17th. Robert W. Baird lifted their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. DA Davidson started coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target for the company. Finally, Wells Fargo & Company started coverage on CNH Industrial in a report on Friday, December 15th. They set an “equal weight” rating and a $13.00 price target for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, CNH Industrial currently has a consensus rating of “Hold” and an average price target of $15.20.

CNH Industrial Price Performance

NYSE:CNHI opened at $13.09 on Thursday. The stock has a 50 day moving average price of $12.34 and a 200 day moving average price of $11.72. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. The stock has a market cap of $16.44 billion, a PE ratio of 7.48 and a beta of 1.65. CNH Industrial has a one year low of $9.77 and a one year high of $15.74.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. Equities research analysts expect that CNH Industrial will post 1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On CNH Industrial

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates lifted its position in shares of CNH Industrial by 156.2% in the first quarter. Raymond James & Associates now owns 161,166 shares of the company’s stock worth $2,556,000 after buying an additional 98,266 shares during the last quarter. BlackRock Inc. lifted its stake in shares of CNH Industrial by 113.2% in the 1st quarter. BlackRock Inc. now owns 4,073,190 shares of the company’s stock valued at $64,601,000 after purchasing an additional 2,162,593 shares during the period. Sei Investments Co. acquired a new position in shares of CNH Industrial in the 1st quarter valued at $7,668,000. Canada Pension Plan Investment Board lifted its stake in shares of CNH Industrial by 0.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 703,293 shares of the company’s stock valued at $11,264,000 after purchasing an additional 5,669 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of CNH Industrial by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 33,478,435 shares of the company’s stock valued at $530,969,000 after purchasing an additional 577,993 shares during the period. 59.88% of the stock is owned by institutional investors and hedge funds.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.