CNH Industrial (NYSE:CNH) Given New $12.00 Price Target at Barclays

CNH Industrial (NYSE:CNH) had its price objective raised by Barclays from $11.00 to $12.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings upgraded CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Robert W. Baird increased their target price on CNH Industrial from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Citigroup decreased their price target on CNH Industrial from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Wall Street Zen upgraded CNH Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Truist Financial set a $12.00 price objective on shares of CNH Industrial in a research note on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.30.

CNH Industrial Stock Performance

Shares of CNH opened at $11.04 on Wednesday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 11.36 and a current ratio of 13.34. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.65 and a beta of 1.26. The company’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $10.62. CNH Industrial has a 1 year low of $9.00 and a 1 year high of $14.27.

CNH Industrial (NYSE:CNH) last announced its earnings results on Saturday, February 14th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $5.16 billion for the quarter, compared to analyst estimates of $4.91 billion. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. CNH Industrial’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share. On average, sell-side analysts predict that CNH Industrial will post 0.7 EPS for the current year.

CNH Industrial Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be given a $0.10 dividend. This represents a dividend yield of 89.0%. The ex-dividend date of this dividend is Thursday, May 21st.

Institutional Investors Weigh In On CNH Industrial

A number of institutional investors have recently added to or reduced their stakes in CNH. Quent Capital LLC purchased a new position in shares of CNH Industrial in the 3rd quarter worth about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of CNH Industrial during the 3rd quarter worth about $29,000. Elevation Wealth Partners LLC acquired a new stake in CNH Industrial during the 4th quarter worth approximately $31,000. Rothschild Investment LLC increased its position in CNH Industrial by 1,734.2% during the 4th quarter. Rothschild Investment LLC now owns 3,485 shares of the company’s stock worth $32,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in CNH Industrial in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

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.