StockNews.com Initiates Coverage on CNH GLOBAL N V Foreign (NYSE:CNH)

Stock analysts at StockNews.com began coverage on shares of CNH GLOBAL N V Foreign (NYSE:CNH) in a research report issued on Wednesday. The firm set a “sell” rating on the stock.

A number of other research analysts have also weighed in on CNH. JPMorgan Chase & Co. raised their price target on shares of CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Northland Securities raised shares of CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Friday, April 11th. Truist Financial dropped their price target on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lowered their price objective on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Northland Capmk raised shares of CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.33.

CNH GLOBAL N V Foreign Stock Up 7.4 %

Shares of NYSE CNH opened at $12.43 on Wednesday. The stock has a market capitalization of $15.51 billion, a P/E ratio of 12.06 and a beta of 1.43. The company has a 50-day moving average price of $12.06 and a 200-day moving average price of $11.90. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.87. The company has a debt-to-equity ratio of 3.54, a current ratio of 13.21 and a quick ratio of 10.83.

CNH GLOBAL N V Foreign (NYSE:CNH) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. CNH GLOBAL N V Foreign’s quarterly revenue was down 20.5% compared to the same quarter last year. On average, equities research analysts forecast that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other news, Director Suzanne Heywood sold 24,213 shares of CNH GLOBAL N V Foreign stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $281,839.32. Following the transaction, the director now owns 551,858 shares in the company, valued at approximately $6,423,627.12. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stefano Pampalone sold 12,935 shares of CNH GLOBAL N V Foreign stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $150,563.40. Following the completion of the transaction, the insider now owns 417,384 shares in the company, valued at approximately $4,858,349.76. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 392,620 shares of company stock worth $4,570,097 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of CNH GLOBAL N V Foreign

Several large investors have recently modified their holdings of CNH. Mission Wealth Management LP increased its holdings in shares of CNH GLOBAL N V Foreign by 3.0% during the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company’s stock valued at $452,000 after acquiring an additional 1,056 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of CNH GLOBAL N V Foreign by 29.3% during the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock valued at $77,000 after acquiring an additional 1,416 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of CNH GLOBAL N V Foreign by 15.3% during the first quarter. Brown Advisory Inc. now owns 15,501 shares of the company’s stock valued at $190,000 after buying an additional 2,061 shares during the last quarter. Balefire LLC boosted its position in shares of CNH GLOBAL N V Foreign by 10.9% during the first quarter. Balefire LLC now owns 22,134 shares of the company’s stock valued at $272,000 after buying an additional 2,182 shares during the last quarter. Finally, Colonial Trust Co SC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter valued at $25,000. 59.88% of the stock is owned by institutional investors.

CNH GLOBAL N V Foreign Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.