Brokerages Set CNH GLOBAL N V Foreign (NYSE:CNH) PT at $14.33

CNH GLOBAL N V Foreign (NYSE:CNH) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $14.33.

A number of equities analysts recently issued reports on the company. Morgan Stanley cut their target price on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Northland Capmk raised CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Sanford C. Bernstein upgraded CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $11.00 to $17.00 in a research note on Monday, January 6th. Evercore ISI upped their target price on shares of CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, UBS Group reduced their price objective on shares of CNH GLOBAL N V Foreign from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, April 7th.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In related news, CEO Gerrit A. Marx sold 320,472 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $3,730,294.08. Following the transaction, the chief executive officer now directly owns 375,136 shares of the company’s stock, valued at approximately $4,366,583.04. This trade represents a 46.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Suzanne Heywood sold 24,213 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $281,839.32. Following the sale, the director now directly owns 551,858 shares in the company, valued at approximately $6,423,627.12. This represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,620 shares of company stock worth $4,570,097. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CNH. Franklin Resources Inc. bought a new stake in shares of CNH GLOBAL N V Foreign during the third quarter valued at approximately $637,235,000. Artisan Partners Limited Partnership purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $361,990,000. Vanguard Group Inc. purchased a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth $359,303,000. Charles Schwab Investment Management Inc. acquired a new stake in CNH GLOBAL N V Foreign during the 4th quarter worth about $233,474,000. Finally, Dimensional Fund Advisors LP purchased a new stake in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $162,095,000. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH GLOBAL N V Foreign Price Performance

Shares of CNH opened at $12.39 on Thursday. The company’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $11.91. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 12.03 and a beta of 1.43. 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 current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54.

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

CNH GLOBAL N V Foreign Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.25 per share. This represents a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 21st. CNH GLOBAL N V Foreign’s payout ratio is 45.63%.

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.