CNH GLOBAL N V Foreign (NYSE:CNH) Price Target Raised to $16.00

CNH GLOBAL N V Foreign (NYSE:CNH) had its price objective raised by investment analysts at UBS Group from $13.00 to $16.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 25.29% from the company’s current price.

Other equities research analysts have also issued reports about the company. StockNews.com started coverage on CNH GLOBAL N V Foreign in a report on Wednesday, April 30th. They issued a “sell” rating for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $15.00 price objective (down from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Northland Capmk upgraded shares of CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Morgan Stanley decreased their price target on shares of CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Northland Securities upgraded CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CNH GLOBAL N V Foreign currently has an average rating of “Moderate Buy” and an average target price of $14.75.

CNH GLOBAL N V Foreign Stock Performance

Shares of CNH opened at $12.77 on Friday. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 12.40 and a beta of 1.50. The company’s fifty day moving average is $12.05 and its 200-day moving average is $11.96. The company has a quick ratio of 10.83, a current ratio of 13.21 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a 12 month low of $9.28 and a 12 month high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $4.47 billion. CNH GLOBAL N V Foreign’s revenue was down 20.5% compared to the same quarter last year. Equities analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS for the current fiscal year.

Insider Transactions at CNH GLOBAL N V Foreign

In related news, insider Stefano Pampalone sold 12,935 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total transaction of $150,563.40. Following the completion of the transaction, the insider now owns 417,384 shares in the company, valued at $4,858,349.76. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Oddone Incisa sold 32,910 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $383,072.40. Following the completion of the sale, the chief financial officer now owns 821,156 shares in the company, valued at $9,558,255.84. This trade represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 392,620 shares of company stock valued at $4,570,097. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CNH GLOBAL N V Foreign

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of CNH GLOBAL N V Foreign in the 4th quarter worth approximately $30,000. Nordea Investment Management AB bought a new position in CNH GLOBAL N V Foreign in the 4th quarter valued at $1,441,000. International Assets Investment Management LLC acquired a new position in CNH GLOBAL N V Foreign in the fourth quarter worth $160,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth $1,143,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of CNH GLOBAL N V Foreign in the fourth quarter valued at $1,616,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH GLOBAL N V Foreign Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.