Oppenheimer Increases CNH Industrial (NYSE:CNH) Price Target to $16.00

CNH Industrial (NYSE:CNH) had its price target increased by equities research analysts at Oppenheimer from $15.00 to $16.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 24.00% from the stock’s current price.

Several other research firms have also recently issued reports on CNH. Northland Securities raised shares of CNH Industrial from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Friday, April 11th. Wall Street Zen began coverage on shares of CNH Industrial in a report on Wednesday, April 30th. They issued a “sell” rating on the stock. Citigroup upped their price objective on CNH Industrial from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Morgan Stanley reduced their target price on CNH Industrial from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Northland Capmk raised CNH Industrial from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CNH Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $14.88.

CNH Industrial Trading Down 1.7%

Shares of CNH Industrial stock opened at $12.90 on Tuesday. CNH Industrial has a fifty-two week low of $9.28 and a fifty-two week high of $14.27. The business’s fifty day moving average is $13.03 and its two-hundred day moving average is $12.47. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. The firm has a market cap of $16.12 billion, a PE ratio of 15.74 and a beta of 1.50.

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

Insider Buying and Selling

In other news, CFO Oddone Incisa sold 22,515 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $285,940.50. Following the transaction, the chief financial officer directly owned 856,574 shares of the company’s stock, valued at approximately $10,878,489.80. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jay Schroeder sold 2,154 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $27,355.80. Following the completion of the transaction, the chief technology officer owned 32,762 shares of the company’s stock, valued at $416,077.40. This trade represents a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,246 shares of company stock worth $511,732 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CNH Industrial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNH. Public Employees Retirement System of Ohio grew its stake in shares of CNH Industrial by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company’s stock valued at $3,947,000 after acquiring an additional 999 shares in the last quarter. Mission Wealth Management LP boosted its holdings in CNH Industrial by 3.0% in the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company’s stock valued at $452,000 after purchasing an additional 1,056 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in CNH Industrial by 1.9% in the second quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company’s stock valued at $755,000 after purchasing an additional 1,066 shares during the last quarter. Belpointe Asset Management LLC grew its stake in CNH Industrial by 9.8% during the 1st quarter. Belpointe Asset Management LLC now owns 14,058 shares of the company’s stock valued at $173,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in CNH Industrial by 3.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,241 shares of the company’s stock worth $457,000 after purchasing an additional 1,280 shares during the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

About CNH Industrial

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.