CNH Industrial (NYSE:CNHI) receives consensus rating of “Hold” from brokers

Shares of CNH Industrial (NYSE:CNHI – Get Free Report) have an average rating of “Hold” from the fourteen research firms currently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers who have issued ratings on the stock in the last year is $15.20.

Several research firms have recently commented on CNHI. Bank of America reiterated a “neutral” rating on shares of CNH Industrial in a research note on Monday, April 22. Robert W. Baird raised their price objective on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, February 15. Truist Financial lowered its price target on CNH Industrial from $18.00 to $17.00 and set a “buy” rating on the company in a research report on Monday. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a research note on Tuesday, April 16. Finally, JPMorgan Chase & Co. raised his price target on CNH Industrial from $14.50 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, May 3.

Check out our latest research report on CNHI

CNH Industrial trading drops 2.1%

Shares of CNHI opened at $11.65 on Thursday. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 6.81 and a beta of 1.66. The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74. The company’s 50-day moving average is $12.24 and its two-hundred-day moving average is $11.72.

CNH Industrial (NYSE:CNHI – Get Free Report) last announced its quarterly results on Thursday, May 2. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.46 billion. CNH Industrial had a net margin of 9.48% and a return on equity of 28.40%. The company’s quarterly revenue fell 9.8% year over year. During the same period last year, the company earned earnings per share of $0.35. Equities analysts predict that CNH Industrial will post 1.53 earnings per share for the current year.

CNH Industrial increases dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, May 29. Investors of record on Monday, May 13 will receive a dividend of $0.47 per share. This represents a return of 3.71%. The ex-dividend date is Friday, May 10. This is an increase from CNH Industrial’s previous annual dividend of $0.39.

Hedge funds weigh on CNH Industrial

Several institutional investors have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding SA increased its stake in CNH Industrial shares by 613.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA now owns 81,932 shares of the company’s stock valued at $1,062,000 after purchasing an additional 70,446 shares during the last quarter. Locust Wood Capital Advisers LLC bought a new position in shares of CNH Industrial during the first quarter worth $1,121,000. Avantax Advisory Services Inc. increased its stake in CNH Industrial by 10.8% during the first quarter. Avantax Advisory Services Inc. now owns 13,409 shares of the company, valued at $174,000, after purchasing an additional 1,310 shares during the last quarter. Hohimer Wealth Management LLC strengthened its position in CNH Industrial by 53.8% during the first quarter. Hohimer Wealth Management LLC now owns 262,270 shares of the company’s stock worth $3,399,000 after purchasing an additional 91,738 shares during the period. Finally, Russell Investments Group Ltd. his position in shares of CNH Industrial increased by 39.0% in the first quarter. Russell Investments Group Ltd. now owns 1,655,563 shares of the company’s stock valued at $21,455,000 after purchasing an additional 464,491 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s shares.

CNH Industrial company profile

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CNH Industrial NV, an equipment and services company, is engaged in the design, production, marketing, sales and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America and the Asia-Pacific. The company operates in three segments: agriculture, construction and financial services.

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