CNH Industrial N.V. (NYSE:CNH) Stock Has Consensus Target Price of $13.39 According to Brokerages

Shares of CNH Industrial N.V. (NYSE:CNH) have earned an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $13.39.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of CNH Industrial from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, October 8th. BMO Capital Markets boosted their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 4th. Barclays boosted their target price on shares of CNH Industrial from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Evercore raised shares of CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Wednesday, September 2nd. Finally, DA Davidson reiterated a “neutral” rating and set a $12.00 price objective on shares of CNH Industrial in a report on Wednesday, August 19th.

CNH Industrial Stock Up 2.8%

NYSE:CNH opened at $11.56 on Monday. The company’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $11.35. CNH Industrial has a fifty-two week low of $9.00 and a fifty-two week high of $14.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23. The stock has a market capitalization of $14.31 billion, a P/E ratio of 28.81 and a beta of 1.23.

Institutional Trading of CNH Industrial

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in shares of CNH Industrial by 29.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,231,637 shares of the company’s stock valued at $80,096,000 after buying an additional 1,421,385 shares during the last quarter. Fifth Third Bancorp increased its position in shares of CNH Industrial by 41.4% in the 3rd quarter. Fifth Third Bancorp now owns 7,960 shares of the company’s stock worth $102,000 after purchasing an additional 2,330 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of CNH Industrial in the third quarter worth about $216,000. Joel Isaacson & Co. LLC increased its holdings in CNH Industrial by 18.3% in the third quarter. Joel Isaacson & Co. LLC now owns 14,904 shares of the company’s stock valued at $192,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of CNH Industrial in the third quarter valued at approximately $315,000. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial N.V. (NYSE: CNH) is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.