CNH Industrial (NYSE:CNH) Price Target Raised to $17.00

CNH Industrial (NYSE:CNH) had its target price boosted by Truist Financial from $15.00 to $17.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on CNH. Citigroup raised their price objective on CNH Industrial from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Sanford C. Bernstein reissued a “market perform” rating on shares of CNH Industrial in a report on Tuesday, August 4th. BMO Capital Markets increased their price target on CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on CNH Industrial from $9.50 to $10.00 and gave the company an “underweight” rating in a report on Monday, July 13th. Finally, Robert W. Baird raised shares of CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Monday, August 31st. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.23.

CNH Industrial Stock Down 6.2%

CNH Industrial stock opened at $12.45 on Monday. The firm has a market capitalization of $15.41 billion, a PE ratio of 49.81 and a beta of 1.20. The company’s 50-day moving average is $12.30 and its 200-day moving average is $11.23. CNH Industrial has a fifty-two week low of $9.00 and a fifty-two week high of $14.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 12.23 and a quick ratio of 10.16.

CNH Industrial (NYSE:CNH) last issued its earnings results on Monday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.77 billion. During the same period last year, the business posted $0.17 EPS. CNH Industrial’s revenue was up 2.0% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. Sell-side analysts anticipate that CNH Industrial will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On CNH Industrial

Several institutional investors and hedge funds have recently made changes to their positions in CNH. Dimensional Fund Advisors LP boosted its stake in CNH Industrial by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 29,204,840 shares of the company’s stock valued at $321,185,000 after purchasing an additional 2,380,087 shares during the period. Bank of New York Mellon Corp increased its position in CNH Industrial by 267.6% during the 1st quarter. Bank of New York Mellon Corp now owns 18,425,651 shares of the company’s stock worth $202,682,000 after buying an additional 13,413,731 shares during the period. Gabelli Funds LLC lifted its holdings in shares of CNH Industrial by 0.3% during the first quarter. Gabelli Funds LLC now owns 7,083,970 shares of the company’s stock worth $77,924,000 after buying an additional 19,320 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of CNH Industrial by 13.0% in the second quarter. Wellington Management Group LLP now owns 6,596,942 shares of the company’s stock valued at $74,084,000 after acquiring an additional 759,512 shares during the period. Finally, River Road Asset Management LLC boosted its position in shares of CNH Industrial by 3.3% in the fourth quarter. River Road Asset Management LLC now owns 6,371,476 shares of the company’s stock valued at $58,745,000 after acquiring an additional 200,639 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial N.V. is a global manufacturer of agriculture and construction equipment. The company develops, produces and sells machinery, technologies and services used in farming, road building, infrastructure development and related industries.

Its agriculture business offers tractors, combines, harvesting equipment, planting and seeding machinery, hay and forage equipment, sprayers and precision-agriculture technologies. Its construction portfolio includes excavators, loaders, dozers, compactors, graders and other equipment.