CNH Industrial (NYSE:CNHI) Price Target Cut to $14.00 by Analysts at JPMorgan Chase & Co.

CNH Industrial (NYSE:CNHI) had its target price cut by JPMorgan Chase & Co. from $14.50 to $14.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

CNHI has been the subject of a number of other reports. StockNews.com downgraded CNH Industrial from a hold rating to a sell rating in a report on Thursday, April 11th. The Goldman Sachs Group upgraded shares of CNH Industrial from a neutral rating to a buy rating and set a $19.00 target price for the company in a report on Wednesday, January 17th. Evercore ISI boosted their price target on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an in-line rating in a research report on Tuesday, February 20th. Robert W. Baird lifted their target price on CNH Industrial from $15.00 to $16.00 and gave the company an outperform rating in a research report on Thursday, February 15th. Finally, DA Davidson began coverage on CNH Industrial in a research note on Tuesday, January 23rd. They issued a neutral rating and a $13.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $15.27.

CNH Industrial Price Performance

NYSE CNHI opened at $11.49 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 6.72 and a beta of 1.66. The business has a 50 day simple moving average of $12.26 and a 200 day simple moving average of $11.72. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The business 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 firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. Analysts anticipate that CNH Industrial will post 1.54 earnings per share for the current fiscal year.

CNH Industrial Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be given a $0.47 dividend. This represents a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from CNH Industrial’s previous annual dividend of $0.39.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. SRS Capital Advisors Inc. bought a new position in CNH Industrial during the 4th quarter worth $25,000. Salem Investment Counselors Inc. bought a new stake in CNH Industrial during the first quarter worth about $26,000. Larson Financial Group LLC increased its holdings in CNH Industrial by 566.0% in the 1st quarter. Larson Financial Group LLC now owns 2,118 shares of the company’s stock valued at $27,000 after buying an additional 1,800 shares during the period. Alta Advisers Ltd bought a new position in CNH Industrial in the 3rd quarter valued at about $40,000. Finally, Hartford Financial Management Inc. raised its position in shares of CNH Industrial by 210.0% in the 1st quarter. Hartford Financial Management Inc. now owns 3,100 shares of the company’s stock valued at $40,000 after buying an additional 2,100 shares in the last quarter. 59.88% of the stock is owned by 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.