CNH Industrial N.V. (NYSE:CNH) Receives Average Rating of “Hold” from Analysts

CNH Industrial N.V. (NYSE:CNH) has received a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.8846.

A number of equities analysts recently issued reports on the company. Citigroup increased their price objective on CNH Industrial from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Barclays increased their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, April 1st. Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. UBS Group decreased their price objective on CNH Industrial from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Robert W. Baird increased their price objective on CNH Industrial from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th.

CNH Industrial Stock Performance

Shares of CNH stock opened at $10.46 on Thursday. CNH Industrial has a 12-month low of $9.00 and a 12-month high of $14.27. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26. The business has a 50 day simple moving average of $11.35 and a 200 day simple moving average of $10.63. 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 issued 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. CNH Industrial had a return on equity of 8.90% and a net margin of 2.82%.The business had revenue of $5.16 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same period in the prior year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that CNH Industrial will post 0.41 EPS for the current year.

CNH Industrial Cuts Dividend

The company also recently declared 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 Trading of CNH Industrial

Several institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. lifted its holdings 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 valued at $129,000 after buying an additional 1,006 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of CNH Industrial by 0.6% in 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 period. ProShare Advisors LLC lifted its holdings in shares of CNH Industrial by 2.6% in the fourth quarter. ProShare Advisors LLC now owns 47,074 shares of the company’s stock valued at $434,000 after buying an additional 1,187 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of CNH Industrial by 0.5% in the third quarter. Louisiana State Employees Retirement System now owns 247,200 shares of the company’s stock valued at $2,682,000 after buying an additional 1,200 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in shares of CNH Industrial by 0.5% in the third quarter. State of Michigan Retirement System now owns 246,300 shares of the company’s stock valued at $2,672,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds 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.