CNH Industrial (NYSE:CNH) Given New $12.00 Price Target at JPMorgan Chase & Co.

CNH Industrial (NYSE:CNH) had its price objective reduced by JPMorgan Chase & Co. from $13.00 to $12.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently issued reports on CNH. Evercore ISI lifted their price objective on CNH Industrial from $13.00 to $15.00 and gave the company an “in-line” rating in a research report on Monday, May 19th. The Goldman Sachs Group cut CNH Industrial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $12.50 to $11.50 in a research report on Wednesday, July 16th. Citigroup lifted their price objective on CNH Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Oppenheimer lifted their price objective on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Finally, UBS Group lifted their price objective on CNH Industrial from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.13.

CNH Industrial Stock Performance

Shares of NYSE CNH opened at $11.21 on Tuesday. The company has a quick ratio of 10.34, a current ratio of 12.33 and a debt-to-equity ratio of 3.52. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 17.24 and a beta of 1.51. The stock’s fifty day simple moving average is $12.73 and its 200 day simple moving average is $12.54. CNH Industrial has a 52-week low of $9.92 and a 52-week high of $14.27.

CNH Industrial (NYSE:CNH) last issued its earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.CNH Industrial’s revenue was down 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. As a group, sell-side analysts forecast that CNH Industrial will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CNH Industrial

Several institutional investors have recently bought and sold shares of CNH. Vanguard Group Inc. raised its holdings in CNH Industrial by 186.0% during the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock valued at $1,113,847,000 after buying an additional 58,991,632 shares in the last quarter. Millennium Management LLC bought a new position in CNH Industrial during the fourth quarter valued at about $136,517,000. DME Capital Management LP bought a new position in CNH Industrial during the fourth quarter valued at about $115,959,000. Alliancebernstein L.P. raised its holdings in CNH Industrial by 125.8% during the first quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock valued at $223,750,000 after buying an additional 10,149,760 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of CNH Industrial in the fourth quarter worth about $97,092,000. 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.