CNH Industrial N.V. (NYSE:CNH) Stock Has Consensus Price Target of $13.39

Shares of CNH Industrial N.V. (NYSE:CNH) have been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $13.39.

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of CNH Industrial from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Sanford C. Bernstein reissued a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, August 4th. Evercore upgraded CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Wednesday, September 2nd. Finally, Robert W. Baird upgraded CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 target price for the company in a research note on Monday, August 31st.

Hedge Funds Weigh In On CNH Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNH. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of CNH Industrial in the 3rd quarter valued at approximately $26,000. Reyes Financial Architecture Inc. bought a new stake in CNH Industrial during the third quarter worth approximately $41,000. Root Financial Partners LLC increased its position in CNH Industrial by 204.4% in the 1st quarter. Root Financial Partners LLC now owns 5,491 shares of the company’s stock worth $60,000 after buying an additional 3,687 shares during the period. Provenance Wealth Advisors LLC acquired a new position in CNH Industrial during the 3rd quarter valued at $64,000. Finally, Covestor Ltd grew its holdings in shares of CNH Industrial by 45.5% during the 3rd quarter. Covestor Ltd now owns 5,216 shares of the company’s stock worth $67,000 after purchasing an additional 1,632 shares in the last quarter. 59.88% of the stock is owned by institutional investors.

CNH Industrial Price Performance

Shares of CNH opened at $11.69 on Monday. CNH Industrial has a fifty-two week low of $9.00 and a fifty-two week high of $14.46. The company has a market cap of $14.46 billion, a P/E ratio of 28.61 and a beta of 1.23. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33. The firm’s 50 day moving average price is $12.55 and its 200 day moving average price is $11.35.

CNH Industrial (NYSE:CNH) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.77 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%. CNH Industrial’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 EPS. On average, research analysts forecast that CNH Industrial will post 0.45 earnings per share for the current fiscal year.

CNH Industrial Company Profile

CNH Industrial N.V. (NYSE: CNH) is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.