CNH Industrial (NYSE:CNH) Price Target Raised to $11.00

CNH Industrial (NYSE:CNH) had its price objective lifted by JPMorgan Chase & Co. from $10.00 to $11.00 in a report released on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other brokerages have also issued reports on CNH. BMO Capital Markets boosted their target price on CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Evercore upgraded 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. Citigroup lifted their price objective on CNH Industrial from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. DA Davidson restated a “neutral” rating and issued a $12.00 price objective on shares of CNH Industrial in a research note on Wednesday, August 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of CNH Industrial in a report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, CNH Industrial has a consensus rating of “Hold” and an average price target of $13.30.

CNH Industrial Stock Down 6.1%

CNH opened at $11.39 on Thursday. CNH Industrial has a twelve month low of $9.00 and a twelve month high of $14.46. The company’s 50-day moving average price is $12.36 and its two-hundred day moving average price is $11.25. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 45.58 and a beta of 1.20. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The company had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. CNH Industrial’s revenue was up 2.0% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. As a group, equities analysts expect that CNH Industrial will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On CNH Industrial

Large investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in CNH Industrial by 4.0% during the first quarter. Bessemer Group Inc. now owns 29,415 shares of the company’s stock valued at $323,000 after buying an additional 1,121 shares during the last quarter. Cloverfields Capital Group LP grew its stake in shares of CNH Industrial by 1.0% in 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. Evolve Private Wealth LLC grew its stake in shares of CNH Industrial by 8.2% in the first quarter. Evolve Private Wealth LLC now owns 20,532 shares of the company’s stock worth $226,000 after acquiring an additional 1,554 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of CNH Industrial by 33.4% during the first quarter. Parallel Advisors LLC now owns 6,325 shares of the company’s stock valued at $70,000 after acquiring an additional 1,585 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of CNH Industrial by 41.2% during the first quarter. Fifth Third Bancorp now owns 6,932 shares of the company’s stock valued at $76,000 after acquiring an additional 2,021 shares in the last quarter. 59.88% of the stock is owned by institutional investors.

About CNH Industrial

CNH Industrial N.V. is a global manufacturer of agriculture and construction equipment. The company develops, produces and sells machinery, technologies and services used in farming, road building, infrastructure development and related industries.

Its agriculture business offers tractors, combines, harvesting equipment, planting and seeding machinery, hay and forage equipment, sprayers and precision-agriculture technologies. Its construction portfolio includes excavators, loaders, dozers, compactors, graders and other equipment.