CNH Industrial (NYSE:CNHI) Cut to Sell at StockNews.com

CNH Industrial (NYSE:CNHI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

A number of other research analysts have also issued reports on the stock. The Goldman Sachs Group upgraded shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, January 17th. Wells Fargo & Company started coverage on shares of CNH Industrial in a report on Friday, December 15th. They set an “equal weight” rating and a $13.00 price objective on the stock. Evercore ISI upped their price target on shares of CNH Industrial from $11.50 to $13.00 and gave the company an “in-line” rating in a report on Tuesday, February 20th. TheStreet downgraded shares of CNH Industrial from a “b-” rating to a “c+” rating in a report on Monday, December 11th. Finally, Morgan Stanley initiated coverage on shares of CNH Industrial in a research report on Monday, January 8th. They issued an “equal weight” rating and a $12.70 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, CNH Industrial presently has an average rating of “Hold” and an average price target of $15.20.

CNH Industrial Price Performance

Shares of NYSE:CNHI opened at $12.96 on Tuesday. The company’s fifty day moving average price is $12.14 and its 200 day moving average price is $11.73. CNH Industrial has a 12 month low of $9.77 and a 12 month high of $15.74. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. The firm has a market capitalization of $16.28 billion, a P/E ratio of 7.41 and a beta of 1.64.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. CNH Industrial’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, sell-side analysts predict that CNH Industrial will post 1.56 earnings per share for the current fiscal year.

Institutional Trading of CNH Industrial

A number of large investors have recently modified their holdings of CNHI. SRS Capital Advisors Inc. acquired a new position in CNH Industrial during the 4th quarter valued at about $25,000. First Manhattan CO. LLC. acquired a new position in CNH Industrial during the 1st quarter valued at about $38,000. Captrust Financial Advisors increased its stake in CNH Industrial by 437.9% during the 2nd quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock valued at $38,000 after buying an additional 2,680 shares during the period. Alta Advisers Ltd bought a new position in shares of CNH Industrial during the 3rd quarter valued at about $40,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of CNH Industrial by 6,664.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,585 shares of the company’s stock valued at $44,000 after purchasing an additional 3,532 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.