CNH Industrial (NYSE:CNH) Price Target Raised to $14.00 at Citigroup

CNH Industrial (NYSE:CNH) had its target price raised by Citigroup from $13.00 to $14.00 in a report issued on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms also recently issued reports on CNH. DA Davidson raised their price objective on shares of CNH Industrial from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Barclays raised their price objective on shares of CNH Industrial from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Truist Financial set a $12.00 price objective on shares of CNH Industrial in a report on Wednesday, January 14th. Oppenheimer raised their price objective on shares of CNH Industrial from $13.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Finally, iA Financial set a $13.00 price objective on shares of CNH Industrial in a report on Wednesday, January 14th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.04.

CNH Industrial Stock Performance

Shares of NYSE CNH opened at $11.58 on Monday. The firm’s 50-day moving average price is $11.55 and its 200-day moving average price is $10.63. The company has a quick ratio of 11.36, a current ratio of 13.34 and a debt-to-equity ratio of 3.44. The company has a market cap of $14.36 billion, a PE ratio of 28.94, a PEG ratio of 1.72 and a beta of 1.26. CNH Industrial has a 52-week low of $9.00 and a 52-week high of $14.27.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings data 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 company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $4.91 billion. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. As a group, analysts anticipate that CNH Industrial will post 0.7 EPS for the current year.

CNH Industrial Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 21st. This represents a dividend yield of 89.0%.

Institutional Investors Weigh In On CNH Industrial

Several institutional investors and hedge funds have recently modified their holdings of CNH. Integrated Wealth Concepts LLC raised its position in shares of CNH Industrial by 12.3% during the first quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company’s stock valued at $198,000 after buying an additional 1,772 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of CNH Industrial by 70.5% during the first 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. EverSource Wealth Advisors LLC raised its position in shares of CNH Industrial by 56.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,206 shares of the company’s stock valued at $106,000 after buying an additional 2,970 shares during the last quarter. Federated Hermes Inc. raised its position in shares of CNH Industrial by 29.8% during the second quarter. Federated Hermes Inc. now owns 107,456 shares of the company’s stock valued at $1,393,000 after buying an additional 24,669 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised 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 buying an additional 1,100 shares during the last quarter. Institutional investors own 59.88% of the company’s stock.

CNH Industrial Company Profile

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.