CNH Industrial (NYSE:CNHI) PT Lowered to $17.00 at Truist Financial

CNH Industrial (NYSE:CNHI) had its price objective dropped by stock analysts at Truist Financial from $18.00 to $17.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 42.74% from the stock’s previous close.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price target on shares of CNH Industrial from $14.50 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Bank of America reiterated a “neutral” rating on shares of CNH Industrial in a report on Monday, April 22nd. StockNews.com downgraded CNH Industrial from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, January 17th. Finally, Evercore ISI lifted their price objective on CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.20.

CNH Industrial Price Performance

Shares of CNH Industrial stock opened at $11.91 on Monday. The firm has a market capitalization of $14.96 billion, a PE ratio of 6.96 and a beta of 1.66. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74. The business’s 50-day moving average price is $12.25 and its 200-day moving average price is $11.73.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the firm posted $0.35 earnings per share. The business’s revenue was down 9.8% compared to the same quarter last year. Sell-side analysts forecast that CNH Industrial will post 1.53 EPS for the current fiscal year.

Institutional Trading of CNH Industrial

Several large investors have recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in CNH Industrial by 9.4% during the 4th quarter. Private Advisor Group LLC now owns 12,709 shares of the company’s stock valued at $155,000 after acquiring an additional 1,090 shares in the last quarter. CWM LLC boosted its position in CNH Industrial by 20.9% during the 4th quarter. CWM LLC now owns 6,508 shares of the company’s stock valued at $79,000 after acquiring an additional 1,125 shares in the last quarter. Public Sector Pension Investment Board boosted its position in CNH Industrial by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock valued at $4,458,000 after acquiring an additional 1,223 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in CNH Industrial by 1.9% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 71,300 shares of the company’s stock valued at $868,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in CNH Industrial by 27.5% during the 4th quarter. Lindbrook Capital LLC now owns 6,188 shares of the company’s stock valued at $75,000 after acquiring an additional 1,334 shares in the last quarter. 59.88% of the stock is owned by institutional investors.

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.