CNH Industrial (NYSE:CNHI) Price Target Cut to $17.00

CNH Industrial (NYSE:CNHI) had its target price reduced by stock analysts at Truist Financial from $18.00 to $17.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 42.74% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Evercore ISI lifted their price target on CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. dropped their price target on shares of CNH Industrial from $14.50 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. DA Davidson assumed coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target on the stock. Morgan Stanley assumed coverage on shares of CNH Industrial in a report on Monday, January 8th. They issued an “equal weight” rating and a $12.70 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, CNH Industrial currently has an average rating of “Hold” and an average target price of $15.20.

CNH Industrial Stock Performance

Shares of CNHI opened at $11.91 on Monday. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. The stock’s fifty day moving average price is $12.25 and its two-hundred day moving average price is $11.73. The firm has a market cap of $14.96 billion, a PE ratio of 6.96 and a beta of 1.66.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.46 billion. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. On average, equities research analysts forecast that CNH Industrial will post 1.53 EPS for the current year.

Institutional Trading of CNH Industrial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sei Investments Co. grew its holdings in CNH Industrial by 1,317.6% in the 1st quarter. Sei Investments Co. now owns 2,293,520 shares of the company’s stock worth $29,724,000 after buying an additional 2,131,731 shares in the last quarter. Anchor Capital Advisors LLC bought a new stake in shares of CNH Industrial during the 1st quarter worth $8,686,000. Susquehanna International Securities Ltd. boosted its position in shares of CNH Industrial by 998.1% in the 1st quarter. Susquehanna International Securities Ltd. now owns 705,977 shares of the company’s stock valued at $9,149,000 after purchasing an additional 641,687 shares during the period. Smithfield Trust Co purchased a new position in shares of CNH Industrial in the first quarter worth approximately $411,000. Finally, Oppenheimer & Close LLC acquired a new stake in CNH Industrial during the 1st quarter valued at $578,000. 59.88% of the stock is owned by institutional investors and hedge funds.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.