CNH GLOBAL N V Foreign (NYSE:CNH) Price Target Raised to $15.00

CNH GLOBAL N V Foreign (NYSE:CNH) had its price target hoisted by Evercore ISI from $13.00 to $15.00 in a report released on Monday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other analysts have also issued research reports about the stock. Baird R W lowered shares of CNH GLOBAL N V Foreign from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd. Northland Securities raised shares of CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Friday, April 11th. Robert W. Baird reissued a “neutral” rating and issued a $15.00 price target (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a report on Monday, March 3rd. Truist Financial lowered their price target on shares of CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley lowered 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CNH GLOBAL N V Foreign currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.92.

CNH GLOBAL N V Foreign Stock Performance

NYSE CNH opened at $12.87 on Monday. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 12.49 and a beta of 1.50. The company has a 50 day moving average of $12.14 and a 200-day moving average of $12.08. The company has a current ratio of 13.21, a quick ratio of 10.83 and a debt-to-equity ratio of 3.54. CNH GLOBAL N V Foreign has a 1-year low of $9.28 and a 1-year high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. CNH GLOBAL N V Foreign had a net margin of 6.62% and a return on equity of 18.00%. The business’s revenue was down 20.5% on a year-over-year basis. On average, equities analysts forecast that CNH GLOBAL N V Foreign will post 0.7 earnings per share for the current fiscal year.

CNH GLOBAL N V Foreign Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio is 57.32%.

Insider Transactions at CNH GLOBAL N V Foreign

In other news, CFO Oddone Incisa sold 32,910 shares of CNH GLOBAL N V Foreign stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $383,072.40. Following the transaction, the chief financial officer now directly owns 821,156 shares of the company’s stock, valued at $9,558,255.84. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gerrit A. Marx sold 320,472 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $3,730,294.08. Following the completion of the sale, the chief executive officer now directly owns 375,136 shares in the company, valued at $4,366,583.04. This represents a 46.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 432,866 shares of company stock valued at $5,081,828 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CNH GLOBAL N V Foreign

Institutional investors have recently added to or reduced their stakes in the stock. Moore Capital Management LP bought a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at $10,166,000. Integrated Wealth Concepts LLC bought a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at $163,000. Eisler Capital Management Ltd. bought a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at $2,985,000. Deprince Race & Zollo Inc. bought a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at $9,345,000. Finally, Captrust Financial Advisors bought a new stake in CNH GLOBAL N V Foreign in the 4th quarter valued at $2,287,000. 59.88% of the stock is owned by institutional investors.

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.