Oppenheimer Forecasts Strong Price Appreciation for CNH Industrial (NYSE:CNH) Stock

CNH Industrial (NYSE:CNH) had its price target lifted by Oppenheimer from $15.00 to $16.00 in a report published on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Evercore ISI lifted their target price on shares of CNH Industrial from $13.00 to $15.00 and gave the company an “in-line” rating in a report on Monday, May 19th. UBS Group raised their price target on shares of CNH Industrial from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Truist Financial lowered their target price on shares of CNH Industrial from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley lowered their target price on CNH Industrial from $16.50 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Northland Capmk raised shares of CNH Industrial from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

CNH Industrial Stock Performance

Shares of CNH stock opened at $13.11 on Tuesday. The stock has a market cap of $16.38 billion, a PE ratio of 15.99 and a beta of 1.50. The business has a 50-day simple moving average of $13.02 and a 200-day simple moving average of $12.46. The company has a quick ratio of 11.18, a current ratio of 13.41 and a debt-to-equity ratio of 3.29. CNH Industrial has a 52-week low of $9.28 and a 52-week high of $14.27.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $4.47 billion. The firm’s quarterly revenue was down 20.5% on a year-over-year basis. On average, equities analysts expect that CNH Industrial will post 0.7 EPS for the current year.

Insider Buying and Selling at CNH Industrial

In related news, CFO Oddone Incisa sold 22,515 shares of CNH Industrial stock in a transaction on Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $285,940.50. Following the transaction, the chief financial officer owned 856,574 shares in the company, valued at approximately $10,878,489.80. The trade was a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kelly Manley sold 3,575 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total value of $45,402.50. Following the completion of the transaction, the insider directly owned 161,473 shares in the company, valued at $2,050,707.10. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,246 shares of company stock worth $511,732. 0.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new stake in CNH Industrial in the fourth quarter valued at about $25,000. Colonial Trust Co SC acquired a new position in shares of CNH Industrial in the 4th quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in shares of CNH Industrial in the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC bought a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $27,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial 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.