CNH Industrial (NYSE:CNHI) Receives Consensus Rating of “Hold” from Brokerages

Shares of CNH Industrial (NYSE:CNHI) have been assigned an average rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.20.

Several research firms have recently commented on CNHI. Bank of America reiterated a “neutral” rating on shares of CNH Industrial in a research note on Monday, April 22nd. Robert W. Baird upped their price objective on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Truist Financial decreased their target price on CNH Industrial from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Monday. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price target on CNH Industrial from $14.50 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd.

CNH Industrial Trading Down 2.1 %

Shares of CNHI stock opened at $11.65 on Thursday. The company has a market capitalization of $14.64 billion, a P/E ratio of 6.81 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 twelve month low of $9.77 and a twelve month high of $15.74. The business’s 50 day moving average is $12.24 and its two-hundred day moving average is $11.72.

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

CNH Industrial Increases Dividend

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

Hedge Funds Weigh In On CNH Industrial

Several institutional investors have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of CNH Industrial by 613.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,932 shares of the company’s stock valued at $1,062,000 after purchasing an additional 70,446 shares during the last quarter. Locust Wood Capital Advisers LLC purchased a new position in shares of CNH Industrial during the 1st quarter valued at $1,121,000. Avantax Advisory Services Inc. lifted its holdings in CNH Industrial by 10.8% during the first quarter. Avantax Advisory Services Inc. now owns 13,409 shares of the company’s stock valued at $174,000 after purchasing an additional 1,310 shares during the last quarter. Hohimer Wealth Management LLC boosted its position in CNH Industrial by 53.8% during the first quarter. Hohimer Wealth Management LLC now owns 262,270 shares of the company’s stock worth $3,399,000 after purchasing an additional 91,738 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of CNH Industrial by 39.0% in the first quarter. Russell Investments Group Ltd. now owns 1,655,563 shares of the company’s stock valued at $21,455,000 after purchasing an additional 464,491 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

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.