Truist Financial Reaffirms Buy Rating for CNH Industrial (NYSE:CNH)

CNH Industrial (NYSE:CNH)‘s stock had its “buy” rating restated by analysts at Truist Financial in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $13.00 price objective on the stock, down from their prior price objective of $14.00. Truist Financial’s price objective would suggest a potential upside of 31.05% from the stock’s current price.

Other research analysts have also issued research reports about the company. Oppenheimer decreased their target price on CNH Industrial from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Thursday, September 18th. The Goldman Sachs Group cut CNH Industrial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $12.50 to $11.50 in a research note on Wednesday, July 16th. Raymond James Financial lowered their price objective on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Barclays dropped their target price on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Finally, Cfra reiterated a “hold” rating and issued a $11.00 price target on shares of CNH Industrial in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.73.

CNH Industrial Trading Up 3.0%

NYSE:CNH opened at $9.92 on Monday. The company has a 50-day moving average price of $10.70 and a 200-day moving average price of $12.02. The stock has a market cap of $12.41 billion, a price-to-earnings ratio of 15.26 and a beta of 1.52. The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. CNH Industrial has a 12 month low of $9.00 and a 12 month high of $14.27.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a net margin of 4.55% and a return on equity of 10.79%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. CNH Industrial’s quarterly revenue was down 5.5% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. Equities analysts predict that CNH Industrial will post 0.7 EPS for the current year.

Hedge Funds Weigh In On CNH Industrial

A number of hedge funds have recently bought and sold shares of CNH. Public Employees Retirement System of Ohio grew its position in CNH Industrial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company’s stock valued at $3,947,000 after purchasing an additional 999 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of CNH Industrial by 9.2% in the third quarter. Benjamin Edwards Inc. now owns 11,894 shares of the company’s stock worth $129,000 after buying an additional 1,006 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of CNH Industrial by 1.9% during the second quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company’s stock valued at $755,000 after buying an additional 1,066 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of CNH Industrial by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company’s stock valued at $3,188,000 after buying an additional 1,100 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of CNH Industrial by 0.6% during the second quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company’s stock valued at $2,344,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors own 59.88% of the company’s stock.

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.