Brokerages Set CNH Industrial N.V. (NYSE:CNH) Price Target at $12.97

CNH Industrial N.V. (NYSE:CNH) has received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.9667.

Several equities research analysts have recently weighed in on CNH shares. JPMorgan Chase & Co. downgraded CNH Industrial from a “neutral” rating to an “underweight” rating and set a $10.00 price objective for the company. in a report on Friday, November 28th. Barclays decreased their price target on shares of CNH Industrial from $14.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, December 22nd. Cfra restated a “hold” rating and issued a $11.00 price objective on shares of CNH Industrial in a research note on Monday, November 10th. iA Financial set a $13.00 target price on shares of CNH Industrial in a report on Wednesday, January 14th. Finally, UBS Group lowered their price target on CNH Industrial from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, January 5th.

Insider Buying and Selling at CNH Industrial

In related news, Director Howard W. Buffett bought 6,000 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average price of $9.68 per share, with a total value of $58,080.00. Following the completion of the acquisition, the director owned 29,303 shares in the company, valued at approximately $283,653.04. This trade represents a 25.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suzanne Heywood purchased 52,522 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $9.52 per share, with a total value of $500,009.44. Following the completion of the acquisition, the director owned 619,427 shares of the company’s stock, valued at approximately $5,896,945.04. This trade represents a 9.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 73,007 shares of company stock worth $700,182. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC acquired a new stake in CNH Industrial in the third quarter valued at about $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of CNH Industrial during the 3rd quarter worth approximately $29,000. Elevation Wealth Partners LLC acquired a new stake in shares of CNH Industrial in the 4th quarter valued at approximately $31,000. Clearstead Advisors LLC boosted its stake in shares of CNH Industrial by 132.7% in the third quarter. Clearstead Advisors LLC now owns 3,374 shares of the company’s stock valued at $37,000 after buying an additional 1,924 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in CNH Industrial during the third quarter worth $37,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

CNH Industrial Stock Up 3.9%

CNH opened at $12.40 on Friday. The stock has a market capitalization of $15.46 billion, a P/E ratio of 26.38 and a beta of 1.29. The company has a debt-to-equity ratio of 3.49, a quick ratio of 10.82 and a current ratio of 13.01. CNH Industrial has a one year low of $9.00 and a one year high of $14.27. The business’s 50-day simple moving average is $10.15 and its 200-day simple moving average is $10.79.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Friday, November 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). CNH Industrial had a return on equity of 8.32% and a net margin of 3.35%.The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the business earned $0.24 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Analysts anticipate that CNH Industrial will post 0.7 EPS for the current year.

About CNH Industrial

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.