CNH Industrial (NYSE:CNH) Price Target Raised to $12.00

CNH Industrial (NYSE:CNHFree Report) had its target price increased by Barclays from $11.00 to $12.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

CNH has been the topic of several other research reports. Truist Financial set a $12.00 price target on CNH Industrial in a research note on Wednesday, January 14th. iA Financial set a $13.00 price target on shares of CNH Industrial in a report on Wednesday, January 14th. Wall Street Zen upgraded CNH Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Robert W. Baird lifted their price objective on shares of CNH Industrial from $10.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Finally, Oppenheimer upped their price target on CNH Industrial from $13.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.30.

Check Out Our Latest Analysis on CNH Industrial

CNH Industrial Stock Up 0.0%

NYSE:CNH opened at $10.66 on Wednesday. The company has a current ratio of 13.34, a quick ratio of 11.36 and a debt-to-equity ratio of 3.44. CNH Industrial has a twelve month low of $9.00 and a twelve month high of $14.27. The company has a market cap of $13.22 billion, a PE ratio of 26.64, a P/E/G ratio of 1.59 and a beta of 1.26. The company’s 50 day moving average is $11.50 and its two-hundred day moving average is $10.62.

CNH Industrial (NYSE:CNHGet Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. CNH Industrial had a net margin of 2.82% and a return on equity of 8.90%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter last year, the company posted $0.15 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts anticipate that CNH Industrial will post 0.7 EPS for the current year.

CNH Industrial Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a dividend yield of 89.0%. CNH Industrial’s payout ratio is currently 25.00%.

Hedge Funds Weigh In On CNH Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CNH. Benjamin Edwards Inc. boosted its stake in CNH Industrial by 9.2% during the third quarter. Benjamin Edwards Inc. now owns 11,894 shares of the company’s stock worth $129,000 after buying an additional 1,006 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of CNH Industrial by 0.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company’s stock valued at $2,344,000 after acquiring an additional 1,100 shares during the period. ProShare Advisors LLC lifted its holdings in shares of CNH Industrial by 2.6% in the 4th quarter. ProShare Advisors LLC now owns 47,074 shares of the company’s stock worth $434,000 after acquiring an additional 1,187 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of CNH Industrial by 0.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 247,200 shares of the company’s stock worth $2,682,000 after acquiring an additional 1,200 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in shares of CNH Industrial by 0.5% during the 3rd quarter. State of Michigan Retirement System now owns 246,300 shares of the company’s stock worth $2,672,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

Key Stories Impacting CNH Industrial

Here are the key news stories impacting CNH Industrial this week:

CNH Industrial Company Profile

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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.

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