CNH Industrial (NYSE:CNHI) Stock Rating Reaffirmed by Oppenheimer

CNH Industrial (NYSE:CNHI)‘s stock had its “market perform” rating reiterated by stock analysts at Oppenheimer in a research report issued to clients and investors on Tuesday, Benzinga reports.

A number of other research analysts have also issued reports on the company. StockNews.com lowered CNH Industrial from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Morgan Stanley began coverage on CNH Industrial in a report on Monday, January 8th. They issued an “equal weight” rating and a $12.70 target price on the stock. The Goldman Sachs Group raised CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Wednesday, January 17th. Robert W. Baird upped their target price on CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, DA Davidson began coverage on CNH Industrial in a report on Tuesday, January 23rd. They issued a “neutral” rating and a $13.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.20.

CNH Industrial Trading Down 1.6 %

CNHI opened at $12.35 on Tuesday. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 7.06 and a beta of 1.65. CNH Industrial has a 52 week low of $9.77 and a 52 week high of $15.74. The business’s 50 day moving average is $12.38 and its two-hundred day moving average is $11.74. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34.

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

Hedge Funds Weigh In On CNH Industrial

Large investors have recently modified their holdings of the company. SRS Capital Advisors Inc. purchased a new position in shares of CNH Industrial in the 4th quarter worth about $25,000. Salem Investment Counselors Inc. purchased a new position in shares of CNH Industrial in the 1st quarter worth about $26,000. First Manhattan CO. LLC. purchased a new position in shares of CNH Industrial in the 1st quarter worth about $38,000. Captrust Financial Advisors raised its holdings in shares of 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. Finally, Alta Advisers Ltd purchased a new stake in shares of CNH Industrial during the 3rd quarter valued at about $40,000. 59.88% of the stock is currently owned by hedge funds and other institutional investors.

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.