CNH GLOBAL N V Foreign (NYSE:CNH) Given New $14.00 Price Target at Citigroup

CNH GLOBAL N V Foreign (NYSE:CNH) had its target price upped by Citigroup from $12.00 to $14.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on CNH. StockNews.com assumed coverage on shares of CNH GLOBAL N V Foreign in a research note on Wednesday, April 30th. They issued a “sell” rating on the stock. Evercore ISI raised 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 report on Wednesday, February 19th. Oppenheimer decreased their price target on shares of CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird reissued a “neutral” rating and issued a $15.00 price objective (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research note on Monday, March 3rd. Finally, Morgan Stanley decreased their target price on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

CNH GLOBAL N V Foreign Stock Up 0.2 %

Shares of NYSE:CNH opened at $12.43 on Monday. CNH GLOBAL N V Foreign has a 1 year low of $9.28 and a 1 year high of $13.87. The business has a 50 day simple moving average of $12.05 and a two-hundred day simple moving average of $11.91. The firm has a market capitalization of $15.51 billion, a PE ratio of 12.07 and a beta of 1.43. 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 results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign’s quarterly revenue was down 20.5% compared to the same quarter last year. On average, equities analysts predict that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

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

Insider Activity at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the transaction, the chief executive officer now owns 375,136 shares in the company, valued at approximately $4,366,583.04. This represents a 46.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Oddone Incisa sold 32,910 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 transaction of $383,072.40. Following the completion of the transaction, the chief financial officer now directly owns 821,156 shares of the company’s stock, valued at approximately $9,558,255.84. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 392,620 shares of company stock valued at $4,570,097 over the last 90 days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CNH GLOBAL N V Foreign

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in CNH GLOBAL N V Foreign by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company’s stock valued at $655,624,000 after purchasing an additional 664,191 shares during the last quarter. Artisan Partners Limited Partnership acquired 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 stake in CNH GLOBAL N V Foreign in the fourth quarter valued at approximately $359,303,000. Charles Schwab Investment Management Inc. acquired a new position in CNH GLOBAL N V Foreign in the 4th quarter worth approximately $233,474,000. Finally, Dimensional Fund Advisors LP purchased a new position in CNH GLOBAL N V Foreign during the 4th quarter worth approximately $162,095,000. 59.88% of the stock is owned by institutional investors and hedge funds.

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.