CNH Industrial (NYSE:CNH) Rating Lowered to Sell at Wall Street Zen

CNH Industrial (NYSE:CNH) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Other equities research analysts have also issued research reports about the company. Raymond James Financial cut their target price on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. iA Financial set a $13.00 price target on shares of CNH Industrial in a research note on Wednesday, January 14th. Barclays reduced their price objective on shares of CNH Industrial from $14.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, December 22nd. Cfra reaffirmed a “hold” rating and issued a $11.00 target price on shares of CNH Industrial in a research report on Monday, November 10th. Finally, Truist Financial set a $12.00 price target on shares of CNH Industrial in a research report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.97.

CNH Industrial Trading Up 3.9%

Shares of NYSE:CNH opened at $12.40 on Friday. CNH Industrial has a 52 week low of $9.00 and a 52 week high of $14.27. The company’s 50 day moving average is $10.15 and its two-hundred day moving average is $10.77. The company has a market cap of $15.46 billion, a PE ratio of 26.38 and a beta of 1.29. The company has a current ratio of 13.01, a quick ratio of 10.82 and a debt-to-equity ratio of 3.49.

CNH Industrial (NYSE:CNH) last issued its earnings results on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. Equities analysts predict that CNH Industrial will post 0.7 earnings per share for the current fiscal year.

Insider Activity at CNH Industrial

In other CNH Industrial news, Director Vagn O. Sorensen purchased 10,385 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of $9.62 per share, for a total transaction of $99,903.70. Following the purchase, the director directly owned 40,396 shares in the company, valued at approximately $388,609.52. This trade represents a 34.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Suzanne Heywood bought 52,522 shares of CNH Industrial stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $9.52 per share, with a total value of $500,009.44. Following the completion of the acquisition, the director directly owned 619,427 shares of the company’s stock, valued at approximately $5,896,945.04. The trade was a 9.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 73,007 shares of company stock worth $700,182 in the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Trading of CNH Industrial

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its holdings in shares of CNH Industrial by 12.3% in the first quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company’s stock valued at $198,000 after purchasing an additional 1,772 shares during the period. Goldman Sachs Group Inc. grew its position in CNH Industrial by 70.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,268,436 shares of the company’s stock valued at $27,856,000 after buying an additional 938,035 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in CNH Industrial by 29.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,415 shares of the company’s stock valued at $239,000 after buying an additional 4,140 shares during the period. Callan Family Office LLC raised its position in CNH Industrial by 324.7% during the 2nd quarter. Callan Family Office LLC now owns 88,528 shares of the company’s stock worth $1,147,000 after buying an additional 67,684 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of CNH Industrial by 425.4% in the 2nd quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock worth $84,000 after acquiring an additional 5,250 shares during the period. 59.88% of the stock is owned by institutional investors and hedge funds.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.