Brokerages Set CNH Industrial N.V. (NYSE:CNH) Price Target at $12.77

Shares of CNH Industrial N.V. (NYSE:CNH) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $12.7679.

A number of brokerages have weighed in on CNH. Sanford C. Bernstein started coverage on CNH Industrial in a research report on Thursday, May 7th. They set a “market perform” rating and a $11.00 target price for the company. DA Davidson reissued a “neutral” rating and set a $12.00 price target on shares of CNH Industrial in a research report on Monday, May 4th. Weiss Ratings raised CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on CNH Industrial from $9.50 to $10.00 and gave the company an “underweight” rating in a research note on Monday, July 13th. Finally, Citigroup lifted their price objective on CNH Industrial from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, April 13th.

Insider Transactions at CNH Industrial

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 48,385 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $10.13, for a total transaction of $490,140.05. Following the transaction, the insider owned 71,926 shares of the company’s stock, valued at approximately $728,610.38. This trade represents a 40.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CNH Industrial

A number of hedge funds and other institutional investors have recently modified their holdings of CNH. Daiwa Securities Group Inc. increased its holdings 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. Bessemer Group Inc. boosted its holdings in CNH Industrial by 4.0% in the first quarter. Bessemer Group Inc. now owns 29,415 shares of the company’s stock worth $323,000 after acquiring an additional 1,121 shares in the last quarter. ProShare Advisors LLC boosted its holdings in CNH Industrial by 2.6% in the fourth quarter. ProShare Advisors LLC now owns 47,074 shares of the company’s stock worth $434,000 after acquiring an additional 1,187 shares in the last quarter. Cloverfields Capital Group LP grew its stake in shares of CNH Industrial by 1.0% during the first quarter. Cloverfields Capital Group LP now owns 136,220 shares of the company’s stock worth $1,498,000 after acquiring an additional 1,304 shares during the last quarter. Finally, Parnassus Investments LLC grew its stake in shares of CNH Industrial by 6.7% during the fourth quarter. Parnassus Investments LLC now owns 21,529 shares of the company’s stock worth $198,000 after acquiring an additional 1,355 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Stock Performance

CNH Industrial stock opened at $10.28 on Friday. The company has a 50 day moving average price of $10.60 and a 200-day moving average price of $10.95. The company has a debt-to-equity ratio of 3.32, a quick ratio of 10.17 and a current ratio of 12.27. CNH Industrial has a fifty-two week low of $9.00 and a fifty-two week high of $13.31. The company has a market capitalization of $12.74 billion, a PE ratio of 33.15, a P/E/G ratio of 1.97 and a beta of 1.14.

CNH Industrial (NYSE:CNH) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. CNH Industrial had a return on equity of 7.48% and a net margin of 2.13%.The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the firm earned $0.10 earnings per share. CNH Industrial’s revenue was down .1% compared to the same quarter last year. As a group, equities analysts forecast that CNH Industrial will post 0.41 earnings per share for the current year.

CNH Industrial Company Profile

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.