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

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

Other research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Oppenheimer lifted their target price on shares of CNH Industrial from $13.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. iA Financial set a $13.00 price target on CNH Industrial in a report on Wednesday, January 14th. Truist Financial set a $12.00 price target on CNH Industrial in a research note on Wednesday, January 14th. Finally, Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.88.

CNH Industrial Trading Down 7.4%

CNH Industrial stock opened at $10.65 on Monday. CNH Industrial has a one year low of $9.00 and a one year high of $14.27. The business’s fifty day moving average is $11.53 and its 200 day moving average is $10.64. The stock has a market capitalization of $13.21 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.68 and a beta of 1.26. The company has a debt-to-equity ratio of 3.44, a current ratio of 13.34 and a quick ratio of 11.36.

CNH Industrial (NYSE:CNH) last posted its earnings results on Saturday, February 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $5.16 billion for the quarter, compared to analysts’ expectations of $4.91 billion. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. On average, sell-side analysts predict 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 paid a $0.10 dividend. This represents a dividend yield of 89.0%. The ex-dividend date is Thursday, May 21st. CNH Industrial’s dividend payout ratio is 25.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNH. Corient Private Wealth LLC raised its position in shares of CNH Industrial by 58.2% during the fourth quarter. Corient Private Wealth LLC now owns 65,871 shares of the company’s stock valued at $607,000 after buying an additional 24,228 shares during the last quarter. Wick Capital Partners LLC purchased a new position in CNH Industrial during the fourth quarter valued at $185,000. River Road Asset Management LLC increased its holdings in CNH Industrial by 3.3% in the 4th quarter. River Road Asset Management LLC now owns 6,371,476 shares of the company’s stock valued at $58,745,000 after acquiring an additional 200,639 shares during the last quarter. Invesco Ltd. lifted its stake in CNH Industrial by 13.8% in the 4th quarter. Invesco Ltd. now owns 3,233,879 shares of the company’s stock worth $29,816,000 after purchasing an additional 391,535 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its holdings in shares of CNH Industrial by 25.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 22,306 shares of the company’s stock valued at $206,000 after purchasing an additional 4,588 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

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.