The Goldman Sachs Group Downgrades CNH Industrial (NYSE:CNH) to Neutral

CNH Industrial (NYSE:CNH) was downgraded by equities research analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat.com reports. They presently have a $11.50 target price on the stock, down from their previous target price of $12.50. The Goldman Sachs Group’s price target indicates a potential downside of 11.37% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Wall Street Zen started coverage on CNH Industrial in a research report on Wednesday, April 30th. They issued a “sell” rating for the company. UBS Group lifted their price target on CNH Industrial from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Morgan Stanley lowered their price target on CNH Industrial from $16.50 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Truist Financial lowered their price target on CNH Industrial from $17.00 to $16.00 and set a “buy” rating for the company 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 report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.88.

CNH Industrial Stock Up 0.5%

Shares of NYSE CNH opened at $12.98 on Wednesday. CNH Industrial has a one year low of $9.28 and a one year high of $14.27. The company has a debt-to-equity ratio of 3.29, a current ratio of 13.41 and a quick ratio of 11.18. The firm’s 50 day simple moving average is $13.04 and its two-hundred day simple moving average is $12.47. The stock has a market capitalization of $16.21 billion, a P/E ratio of 15.82 and a beta of 1.50.

CNH Industrial (NYSE:CNH) last issued its 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 firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $4.47 billion. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. The business’s quarterly revenue was down 20.5% compared to the same quarter last year. As a group, analysts expect that CNH Industrial will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jay Schroeder sold 2,154 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $12.70, for a total value of $27,355.80. Following the sale, the chief technology officer owned 32,762 shares in the company, valued at approximately $416,077.40. The trade was a 6.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $285,940.50. Following the completion of the sale, the chief financial officer owned 856,574 shares in the company, valued at $10,878,489.80. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,246 shares of company stock worth $511,732. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CNH Industrial

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in CNH Industrial by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock worth $1,113,847,000 after purchasing an additional 58,991,632 shares during the period. Artisan Partners Limited Partnership purchased a new stake in CNH Industrial during the 4th quarter worth about $361,990,000. Dimensional Fund Advisors LP purchased a new stake in CNH Industrial during the 4th quarter worth about $162,095,000. Millennium Management LLC purchased a new stake in CNH Industrial during the 4th quarter worth about $136,517,000. Finally, DME Capital Management LP purchased a new stake in CNH Industrial during the 4th quarter worth about $115,959,000. 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.