CNH Industrial (NYSE:CNH) Given New $13.00 Price Target at Oppenheimer

CNH Industrial (NYSE:CNH) had its target price lowered by Oppenheimer from $16.00 to $13.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. The Goldman Sachs Group downgraded shares of CNH Industrial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th. Finally, Citigroup upped their price target on shares of CNH Industrial from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, CNH Industrial has an average rating of “Moderate Buy” and an average price target of $14.88.

CNH Industrial Stock Performance

Shares of NYSE:CNH opened at $11.09 on Thursday. The company’s 50 day moving average price is $12.20 and its two-hundred day moving average price is $12.40. CNH Industrial has a 12-month low of $10.00 and a 12-month high of $14.27. 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 firm has a market cap of $13.87 billion, a PE ratio of 17.06 and a beta of 1.51.

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

Institutional Investors Weigh In On CNH Industrial

Large investors have recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of CNH Industrial during the first quarter worth $1,570,000. Fifth Third Bancorp increased its position in shares of CNH Industrial by 29.3% during the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock worth $77,000 after buying an additional 1,416 shares during the period. SG Americas Securities LLC increased its position in shares of CNH Industrial by 450.0% during the first quarter. SG Americas Securities LLC now owns 60,202 shares of the company’s stock worth $739,000 after buying an additional 49,256 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CNH Industrial during the fourth quarter worth $1,233,000. Finally, GAMMA Investing LLC increased its position in shares of CNH Industrial by 169.2% during the first quarter. GAMMA Investing LLC now owns 7,225 shares of the company’s stock worth $89,000 after buying an additional 4,541 shares during the period. 59.88% of the stock is currently owned by institutional investors and hedge funds.

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.