CNH Industrial N.V. (NYSE:CNH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CNH Industrial N.V. (NYSE:CNH) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.08.

A number of equities research analysts have issued reports on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $15.00 price objective (down from $16.00) on shares of CNH Industrial in a research report on Monday, March 3rd. UBS Group upped their target price on CNH Industrial from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, May 9th. Northland Capmk raised CNH Industrial from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Truist Financial cut their price objective on CNH Industrial from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Northland Securities upgraded CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Friday, April 11th.

CNH Industrial Stock Performance

Shares of CNH opened at $12.79 on Friday. The firm has a market capitalization of $15.97 billion, a P/E ratio of 15.59 and a beta of 1.52. CNH Industrial has a 52 week low of $9.28 and a 52 week high of $13.87. The stock has a 50 day moving average price of $12.44 and a two-hundred day moving average price of $12.26. The company has a debt-to-equity ratio of 3.29, a quick ratio of 11.18 and a current ratio of 13.41.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The business’s revenue for the quarter was down 20.5% compared to the same quarter last year. Equities analysts forecast that CNH Industrial will post 0.7 earnings per share for the current fiscal year.

CNH Industrial Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 30th. Investors of record on Wednesday, May 21st were issued a $0.25 dividend. This represents a yield of 3.8%. The ex-dividend date was Wednesday, May 21st.

Insider Activity at CNH Industrial

In other news, CTO Jay Schroeder sold 2,154 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $27,355.80. Following the sale, the chief technology officer now owns 32,762 shares of the company’s stock, valued at $416,077.40. The trade was a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Suzanne Heywood sold 11,053 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the transaction, the director now directly owns 566,905 shares of the company’s stock, valued at approximately $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,246 shares of company stock worth $511,732. Company insiders own 1.00% of the company’s stock.

Institutional Trading of CNH Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in CNH Industrial in the 4th quarter worth about $418,000. Asset Management One Co. Ltd. bought a new position in shares of CNH Industrial in the fourth quarter valued at approximately $3,924,000. Vontobel Holding Ltd. bought a new position in shares of CNH Industrial in the fourth quarter valued at approximately $468,000. Bank Pictet & Cie Europe AG purchased a new position in CNH Industrial during the fourth quarter valued at approximately $1,937,000. Finally, Principal Securities Inc. bought a new stake in CNH Industrial during the 4th quarter worth approximately $27,000. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial 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.