CNH Industrial (NYSE:CNH) Price Target Cut to $13.00 by Analysts at Citigroup

CNH Industrial (NYSE:CNH) had its price target lowered by stock analysts at Citigroup from $16.00 to $13.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 34.99% from the company’s previous close.

A number of other brokerages have also weighed in on CNH. Barclays cut their target price on shares of CNH Industrial from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Raymond James Financial cut 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. JPMorgan Chase & Co. reduced their price objective on CNH Industrial from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Monday. Truist Financial reiterated a “buy” rating and issued a $13.00 target price (down from $14.00) on shares of CNH Industrial in a research report on Monday. Finally, Cfra reissued a “hold” rating and set a $11.00 price target on shares of CNH Industrial in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

CNH Industrial Price Performance

Shares of CNH stock traded down $0.03 on Monday, hitting $9.63. 10,776,271 shares of the company’s stock were exchanged, compared to its average volume of 16,421,063. The company has a 50 day moving average of $10.77 and a 200 day moving average of $12.05. The stock has a market cap of $12.05 billion, a P/E ratio of 14.82 and a beta of 1.52. The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. CNH Industrial has a 12 month low of $9.00 and a 12 month high of $14.27.

CNH Industrial (NYSE:CNH) last issued its earnings results on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s revenue was down 5.5% compared to the same quarter last year. CNH Industrial has set its FY 2025 guidance at 0.440-0.50 EPS. On average, equities research analysts predict that CNH Industrial will post 0.7 EPS for the current year.

Institutional Trading of CNH Industrial

Several large investors have recently made changes to their positions in the company. Twin Tree Management LP lifted its holdings in CNH Industrial by 1,068.0% during the first quarter. Twin Tree Management LP now owns 2,362 shares of the company’s stock worth $29,000 after acquiring an additional 2,606 shares during the period. Quent Capital LLC bought a new stake in CNH Industrial during the 3rd quarter valued at $27,000. Clearstead Advisors LLC boosted its stake in CNH Industrial by 132.7% in the 3rd quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock worth $37,000 after purchasing an additional 1,924 shares during the period. Brooklyn Investment Group grew its stake in CNH Industrial by 218.3% during the first quarter. Brooklyn Investment Group now owns 3,390 shares of the company’s stock valued at $42,000 after acquiring an additional 2,325 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of CNH Industrial by 923.2% in the second quarter. Transamerica Financial Advisors LLC now owns 3,653 shares of the company’s stock worth $47,000 after purchasing an additional 3,296 shares during the period. 59.88% of the stock is currently owned by institutional investors and hedge funds.

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.