CNH Industrial (NYSE:CNHI) Given New $20.00 Price Target at Oppenheimer

CNH Industrial (NYSE:CNHI – Get Rating) had its price target hoisted by Oppenheimer from $19.00 to $20.00 in a report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. William Blair reaffirmed a market perform rating on shares of CNH Industrial in a report on Tuesday, November 8th. Citigroup upped their target price on CNH Industrial from $15.00 to $19.00 and gave the stock a buy rating in a report on Thursday, December 1st. JPMorgan Chase & Co. lowered CNH Industrial from an overweight rating to a neutral rating and upped their price target for the company from $16.00 to $17.00 in a research report on Thursday, January 12th. They noted that the move was a valuation call. Robert W. Baird started coverage on CNH Industrial in a research report on Tuesday, September 27th. They issued an outperform rating and a $17.00 price target on the stock. Finally, StockNews.com upgraded CNH Industrial from a hold rating to a buy rating in a research report on Friday, November 18th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $18.10.

CNH Industrial Price Performance

Shares of CNHI opened at $17.20 on Tuesday. CNH Industrial has a 12-month low of $10.60 and a 12-month high of $17.51. The business has a 50-day simple moving average of $16.27 and a two-hundred day simple moving average of $13.74. The company has a quick ratio of 5.35, a current ratio of 6.70 and a debt-to-equity ratio of 3.29. The stock has a market cap of $23.13 billion, a PE ratio of 13.54 and a beta of 1.66.

CNH Industrial (NYSE:CNHI – Get Rating) last issued its earnings results on Tuesday, November 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.09. CNH Industrial had a return on equity of 29.47% and a net margin of 6.77%. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Analysts anticipate that CNH Industrial will post 1.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CNH Industrial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Belpointe Asset Management LLC boosted its holdings in shares of CNH Industrial by 4.7% during the 3rd quarter. Belpointe Asset Management LLC now owns 17,605 shares of the company’s stock worth $197,000 after buying an additional 792 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of CNH Industrial by 19.2% in the 4th quarter. National Bank of Canada FI now owns 6,102 shares of the company’s stock worth $99,000 after purchasing an additional 984 shares in the last quarter. Cigna Investments Inc. New lifted its holdings in shares of CNH Industrial by 5.5% in the 2nd quarter. Cigna Investments Inc. New now owns 19,638 shares of the company’s stock worth $226,000 after purchasing an additional 1,023 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of CNH Industrial by 3.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 34,173 shares of the company’s stock worth $394,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of CNH Industrial by 6.6% in the 3rd quarter. Greenleaf Trust now owns 17,153 shares of the company’s stock worth $192,000 after purchasing an additional 1,063 shares in the last quarter. 38.37% of the stock is currently owned by institutional investors.

About CNH Industrial

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CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.