CNH Industrial (NYSE:CNHI) Given Consensus Rating of “Hold” by Analysts

CNH Industrial (NYSE:CNHI) has received an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.20.

CNHI has been the subject of a number of research reports. Truist Financial started coverage on CNH Industrial in a report on Thursday, March 14th. They set a “buy” rating and a $18.00 target price for the company. Morgan Stanley started coverage on shares of CNH Industrial in a research note on Monday, January 8th. They set an “equal weight” rating and a $12.70 price objective for the company. The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, January 17th. StockNews.com downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, Oppenheimer restated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday.

CNH Industrial Price Performance

CNHI stock opened at $12.41 on Friday. The stock has a 50-day moving average price of $12.38 and a two-hundred day moving average price of $11.74. The stock has a market cap of $15.58 billion, a PE ratio of 7.09 and a beta of 1.65. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74.

CNH Industrial (NYSE:CNHI) last released its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Equities analysts forecast that CNH Industrial will post 1.56 EPS for the current fiscal year.

CNH Industrial Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%.

Institutional Investors Weigh In On CNH Industrial

Several hedge funds have recently bought and sold shares of CNHI. SRS Capital Advisors Inc. acquired a new stake in CNH Industrial during the fourth quarter worth approximately $25,000. Salem Investment Counselors Inc. acquired a new stake in CNH Industrial during the first quarter worth approximately $26,000. First Manhattan CO. LLC. acquired a new stake in CNH Industrial during the first quarter worth approximately $38,000. Captrust Financial Advisors lifted its position in CNH Industrial by 437.9% during the second quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock worth $38,000 after acquiring an additional 2,680 shares during the last quarter. Finally, Alta Advisers Ltd acquired a new stake in CNH Industrial during the third quarter worth approximately $40,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Company Profile

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.