CNH Industrial N.V. (NYSE:CNH) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of CNH Industrial N.V. (NYSE:CNH) have earned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.6538.

Several research firms recently issued reports on CNH. Weiss Ratings reissued a “hold (c)” rating on shares of CNH Industrial in a research note on Wednesday, October 8th. Barclays lowered their price objective on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, October 20th. JPMorgan Chase & Co. lowered their price objective on shares of CNH Industrial from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Truist Financial lowered their price objective on shares of CNH Industrial from $17.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lowered shares of CNH Industrial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $12.50 to $11.50 in a report on Wednesday, July 16th.

Insider Buying and Selling

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $12.53, for a total value of $153,755.63. Following the completion of the sale, the insider directly owned 14,940 shares in the company, valued at $187,198.20. This trade represents a 45.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On CNH Industrial

Several large investors have recently made changes to their positions in the business. Quent Capital LLC purchased a new position in shares of CNH Industrial during the third quarter valued at approximately $27,000. Nordea Investment Management AB lifted its holdings in shares of CNH Industrial by 1.9% during the third quarter. Nordea Investment Management AB now owns 139,221 shares of the company’s stock valued at $1,504,000 after purchasing an additional 2,623 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CNH Industrial by 3.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,088,771 shares of the company’s stock valued at $22,663,000 after purchasing an additional 76,652 shares during the last quarter. Forum Financial Management LP lifted its holdings in shares of CNH Industrial by 10.3% during the third quarter. Forum Financial Management LP now owns 42,050 shares of the company’s stock valued at $456,000 after purchasing an additional 3,922 shares during the last quarter. Finally, Parnassus Investments LLC lifted its holdings in shares of CNH Industrial by 9.0% during the third quarter. Parnassus Investments LLC now owns 20,174 shares of the company’s stock valued at $219,000 after purchasing an additional 1,663 shares during the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Stock Up 0.5%

NYSE CNH opened at $10.84 on Thursday. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. The stock has a market capitalization of $13.55 billion, a PE ratio of 16.67 and a beta of 1.51. CNH Industrial has a 1 year low of $9.87 and a 1 year high of $14.27. The business’s 50-day moving average is $11.07 and its 200 day moving average is $12.10.

CNH Industrial (NYSE:CNH) last posted its earnings results on Friday, August 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.47 billion. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.CNH Industrial’s quarterly revenue was down 14.2% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Sell-side analysts forecast that CNH Industrial will post 0.7 earnings per share for the current year.

About CNH Industrial

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.