Wall Street Zen Downgrades CNH Industrial (NYSE:CNH) to Sell

CNH Industrial (NYSE:CNH) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

A number of other brokerages have also recently commented on CNH. JPMorgan Chase & Co. cut CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 target price for the company. in a report on Friday, November 28th. Truist Financial set a $12.00 price target on CNH Industrial in a research report on Wednesday, January 14th. Raymond James Financial decreased their price objective on CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of CNH Industrial in a research note on Monday, December 29th. Finally, Cfra reaffirmed a “hold” rating and issued a $11.00 price target on shares of CNH Industrial in a report on Monday, November 10th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.97.

CNH Industrial Price Performance

CNH Industrial stock opened at $12.39 on Friday. The stock has a market capitalization of $15.44 billion, a P/E ratio of 26.36 and a beta of 1.29. The company’s fifty day moving average price is $10.21 and its 200 day moving average price is $10.75. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01. CNH Industrial has a 1 year low of $9.00 and a 1 year high of $14.27.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. CNH Industrial had a net margin of 3.35% and a return on equity of 8.32%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, equities research analysts anticipate that CNH Industrial will post 0.7 earnings per share for the current fiscal year.

Insider Transactions at CNH Industrial

In related news, Director Howard W. Buffett acquired 4,100 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of $10.29 per share, for a total transaction of $42,189.00. Following the acquisition, the director owned 33,403 shares in the company, valued at $343,716.87. The trade was a 13.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Suzanne Heywood bought 52,522 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of $9.52 per share, with a total value of $500,009.44. Following the acquisition, the director directly owned 619,427 shares in the company, valued at $5,896,945.04. The trade was a 9.26% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CNH. Integrated Wealth Concepts LLC raised its holdings in shares of CNH Industrial by 12.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 16,143 shares of the company’s stock valued at $198,000 after buying an additional 1,772 shares during the period. Goldman Sachs Group Inc. grew its position in CNH Industrial by 70.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,268,436 shares of the company’s stock valued at $27,856,000 after acquiring an additional 938,035 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in CNH Industrial by 29.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,415 shares of the company’s stock worth $239,000 after purchasing an additional 4,140 shares during the period. Callan Family Office LLC lifted its position in shares of CNH Industrial by 324.7% during the second quarter. Callan Family Office LLC now owns 88,528 shares of the company’s stock worth $1,147,000 after purchasing an additional 67,684 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of CNH Industrial by 425.4% during the second quarter. IFP Advisors Inc now owns 6,484 shares of the company’s stock worth $84,000 after purchasing an additional 5,250 shares in the last quarter. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.