CNH Industrial (NYSE:CNHI) Cut to Hold at StockNews.com

CNH Industrial (NYSE:CNHI – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other research analysts have also commented on CNHI. Oppenheimer cut their price objective on CNH Industrial from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Berenberg Bank initiated coverage on CNH Industrial in a research note on Friday, January 27th. They issued a “buy” rating and a $31.00 target price for the company. Robert W. Baird upped their target price on CNH Industrial from $17.00 to $21.00 in a research note on Thursday, February 2nd. Finally, Morgan Stanley cut their target price on CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, April 20th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, CNH Industrial presently has a consensus rating of “Moderate Buy” and an average price target of $19.43.

CNH Industrial Stock Down 4.1 %

Shares of NYSE CNHI opened at $13.41 on Thursday. CNH Industrial has a 12 month low of $10.60 and a 12 month high of $17.98. The company has a current ratio of 7.28, a quick ratio of 5.84 and a debt-to-equity ratio of 3.18. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 8.43 and a beta of 1.63. The business has a 50-day moving average of $14.27 and a 200-day moving average of $15.54.

CNH Industrial (NYSE:CNHI – Get Rating) last issued its quarterly earnings data on Friday, May 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. CNH Industrial had a return on equity of 30.95% and a net margin of 8.98%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. CNH Industrial’s revenue was up 15.0% on a year-over-year basis. Sell-side analysts expect that CNH Industrial will post 1.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CNH Industrial

Large investors have recently made changes to their positions in the company. Perpetual Ltd purchased a new position in shares of CNH Industrial during the 1st quarter valued at about $395,701,000. Norges Bank purchased a new position in shares of CNH Industrial during the 4th quarter valued at about $265,843,000. Wellington Management Group LLP lifted its position in shares of CNH Industrial by 379.1% during the 1st quarter. Wellington Management Group LLP now owns 9,451,209 shares of the company’s stock valued at $151,374,000 after buying an additional 7,478,640 shares in the last quarter. Millennium Management LLC lifted its position in shares of CNH Industrial by 560.7% during the 4th quarter. Millennium Management LLC now owns 8,381,120 shares of the company’s stock valued at $134,600,000 after buying an additional 7,112,598 shares in the last quarter. Finally, HRT Financial LP purchased a new position in shares of CNH Industrial during the 1st quarter valued at about $83,521,000. 38.37% of the stock is currently owned by institutional investors.

CNH Industrial Company Profile

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CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.