CNH Industrial (NYSE:CNHI) Receives “Neutral” Rating from Bank of America

Bank of America restated their neutral rating on shares of CNH Industrial (NYSE:CNHI) in a report published on Monday morning, Marketbeat.com reports.

Other research analysts have also recently issued reports about the company. Oppenheimer restated a market perform rating on shares of CNH Industrial in a research note on Tuesday, April 16th. Truist Financial assumed coverage on CNH Industrial in a research report on Thursday, March 14th. They set a buy rating and a $18.00 price target for the company. StockNews.com cut CNH Industrial from a hold rating to a sell rating in a research report on Thursday, April 11th. Morgan Stanley assumed coverage on CNH Industrial in a research report on Monday, January 8th. They set an equal weight rating and a $12.70 price target for the company. Finally, Evercore ISI lifted their price target on CNH Industrial from $11.50 to $13.00 and gave the company an in-line rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $15.20.

CNH Industrial Trading Down 6.3 %

Shares of NYSE:CNHI opened at $11.54 on Monday. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 6.59 and a beta of 1.65. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The business has a 50-day moving average price of $12.39 and a 200-day moving average price of $11.75.

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

CNH Industrial Increases Dividend

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

Institutional Trading of CNH Industrial

Institutional investors have recently made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new stake in shares of CNH Industrial in the first quarter worth approximately $26,000. SRS Capital Advisors Inc. acquired a new stake in shares of CNH Industrial in the fourth quarter worth approximately $25,000. Alta Advisers Ltd acquired a new stake in shares of CNH Industrial in the third quarter worth approximately $40,000. EverSource Wealth Advisors LLC boosted its stake in shares of CNH Industrial by 6,664.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,585 shares of the company’s stock worth $44,000 after acquiring an additional 3,532 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of CNH Industrial in the fourth quarter worth approximately $46,000. 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.