Oppenheimer Reiterates Market Perform Rating for CNH Industrial (NYSE:CNHI)

Oppenheimer restated their market perform rating on shares of CNH Industrial (NYSE:CNHI) in a report published on Tuesday, Benzinga reports.

Several other research analysts have also weighed in on the stock. Robert W. Baird raised their price objective on shares of CNH Industrial from $15.00 to $16.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Evercore ISI raised their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an in-line rating in a report on Tuesday, February 20th. The Goldman Sachs Group raised shares of 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. DA Davidson started coverage on shares of CNH Industrial in a report on Tuesday, January 23rd. They issued a neutral rating and a $13.00 price target for the company. Finally, Morgan Stanley started coverage on shares of CNH Industrial in a report on Monday, January 8th. They issued an equal weight rating and a $12.70 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $15.20.

CNH Industrial Price Performance

Shares of CNHI stock opened at $12.55 on Tuesday. The firm has a market cap of $15.76 billion, a P/E ratio of 7.17 and a beta of 1.65. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. CNH Industrial has a 1-year low of $9.77 and a 1-year high of $15.74. The firm has a fifty day moving average of $12.37 and a two-hundred day moving average of $11.73.

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

CNH Industrial Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.47 per share. This represents a yield of 3.71%. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date of this dividend is Friday, May 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CNHI. Harris Associates L P boosted its stake in CNH Industrial by 30.4% during the 4th quarter. Harris Associates L P now owns 160,517,694 shares of the company’s stock valued at $1,955,085,000 after purchasing an additional 37,438,564 shares during the period. Artisan Partners Limited Partnership acquired a new position in CNH Industrial during the 4th quarter valued at about $384,313,000. Barclays PLC boosted its stake in CNH Industrial by 701.3% during the 4th quarter. Barclays PLC now owns 19,645,796 shares of the company’s stock valued at $239,284,000 after purchasing an additional 17,194,065 shares during the period. BlackRock Inc. raised its position in shares of CNH Industrial by 410.5% during the 2nd quarter. BlackRock Inc. now owns 20,936,974 shares of the company’s stock worth $301,492,000 after buying an additional 16,835,827 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of CNH Industrial during the 4th quarter worth about $265,843,000. 59.88% of the stock is owned by institutional investors and hedge funds.

CNH Industrial Company Profile

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.