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

StockNews.com downgraded shares of CNH Industrial (NYSE:CNHI) from a hold rating to a sell rating in a report published on Tuesday morning.

A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of CNH Industrial from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Monday, December 4th. The Goldman Sachs Group raised shares of CNH Industrial from a neutral rating to a buy rating and set a $19.00 price objective for the company in a research report on Wednesday, January 17th. Morgan Stanley assumed coverage on shares of CNH Industrial in a research note on Monday, January 8th. They set an equal weight rating and a $12.70 price target on the stock. TheStreet lowered shares of CNH Industrial from a b- rating to a c+ rating in a research note on Monday, December 11th. Finally, Evercore ISI lifted their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the company an in-line rating in a research note on Tuesday, February 20th. One equities research 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 company presently has an average rating of Hold and a consensus target price of $15.20.

CNH Industrial Price Performance

Shares of NYSE CNHI opened at $12.96 on Tuesday. The company has a 50 day simple moving average of $12.19 and a 200-day simple moving average of $11.74. The company has a market capitalization of $16.28 billion, a P/E ratio of 7.41 and a beta of 1.64. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86. CNH Industrial has a 1 year low of $9.77 and a 1 year high of $15.74.

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

CNH Industrial Increases Dividend

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

Institutional Trading of CNH Industrial

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd lifted its holdings in shares of CNH Industrial by 105.3% in the fourth quarter. Quadrature Capital Ltd now owns 3,776,129 shares of the company’s stock valued at $46,307,000 after purchasing an additional 1,936,460 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of CNH Industrial by 564.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,932 shares of the company’s stock valued at $158,000 after purchasing an additional 10,985 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of CNH Industrial in the fourth quarter valued at about $213,000. SageView Advisory Group LLC purchased a new stake in shares of CNH Industrial in the fourth quarter valued at about $326,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of CNH Industrial by 11.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 461,275 shares of the company’s stock valued at $5,619,000 after purchasing an additional 48,277 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company’s stock.

About CNH Industrial

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.