DA Davidson Has Lowered Expectations for CNH Industrial (NYSE:CNH) Stock Price

CNH Industrial (NYSE:CNH) had its target price lowered by DA Davidson from $13.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 0.45% from the stock’s previous close.

Several other analysts have also recently issued reports on CNH. Raymond James Financial reduced their price target on shares of CNH Industrial from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings downgraded CNH Industrial from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday. JPMorgan Chase & Co. cut their target price 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 set a $13.00 price target (down previously from $14.00) on shares of CNH Industrial in a research note on Monday. Finally, The Goldman Sachs Group downgraded CNH Industrial from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.50 to $11.50 in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.73.

CNH Industrial Trading Up 3.4%

Shares of NYSE CNH traded up $0.33 during trading on Tuesday, hitting $9.96. 4,939,167 shares of the company were exchanged, compared to its average volume of 16,367,208. The company has a debt-to-equity ratio of 3.52, a quick ratio of 10.34 and a current ratio of 12.33. The company has a fifty day moving average price of $10.73 and a 200-day moving average price of $12.03. CNH Industrial has a 12-month low of $9.00 and a 12-month high of $14.27. The firm has a market capitalization of $12.45 billion, a PE ratio of 15.29 and a beta of 1.52.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CNH. Vanguard Group Inc. raised its holdings in CNH Industrial by 186.0% in the first quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company’s stock valued at $1,113,847,000 after buying an additional 58,991,632 shares during the period. Alliancebernstein L.P. grew its holdings in CNH Industrial by 125.8% during the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company’s stock worth $223,750,000 after acquiring an additional 10,149,760 shares in the last quarter. Marshall Wace LLP increased its holdings in CNH Industrial by 21,312.8% in the second quarter. Marshall Wace LLP now owns 6,781,205 shares of the company’s stock valued at $87,884,000 after buying an additional 6,749,536 shares during the last quarter. Norges Bank acquired a new stake in shares of CNH Industrial during the 2nd quarter valued at approximately $61,198,000. Finally, BNP Paribas Financial Markets lifted its position in shares of CNH Industrial by 323.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,776,930 shares of the company’s stock worth $61,909,000 after buying an additional 3,647,517 shares during the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

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.