CNH Industrial’s (CNHI) “Market Perform” Rating Reaffirmed at Oppenheimer

CNH Industrial (NYSE:CNHI)‘s stock had its “market perform” rating reiterated by equities researchers at Oppenheimer in a report issued on Tuesday, Benzinga reports.

Other research analysts also recently issued research reports about the company. DA Davidson initiated coverage on CNH Industrial in a report on Tuesday, January 23rd. They set a “neutral” rating and a $13.00 price target on the stock. StockNews.com downgraded CNH Industrial from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Truist Financial initiated coverage on CNH Industrial in a report on Thursday, March 14th. They set a “buy” rating and a $18.00 price target on the stock. The Goldman Sachs Group upgraded CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, January 17th. Finally, Evercore ISI boosted their target price on 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 assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Stock Down 1.6 %

Shares of CNH Industrial stock opened at $12.35 on Tuesday. The stock’s fifty day moving average is $12.38 and its 200-day moving average is $11.74. The firm has a market capitalization of $15.51 billion, a PE ratio of 7.06 and a beta of 1.65. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. CNH Industrial has a 12-month low of $9.77 and a 12-month high of $15.74.

CNH Industrial (NYSE:CNHI) last announced its 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. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.50 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. CNH Industrial’s revenue for the quarter was down 2.6% compared to the same quarter last year. Equities analysts anticipate that CNH Industrial will post 1.56 earnings per share for the current year.

Hedge Funds Weigh In On CNH Industrial

Large investors have recently made changes to their positions in the business. Arizona State Retirement System acquired a new position in shares of CNH Industrial during the 4th quarter worth about $3,429,000. Jump Financial LLC raised its holdings in CNH Industrial by 40.3% in the 3rd quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock valued at $2,546,000 after acquiring an additional 60,398 shares in the last quarter. Vanguard Group Inc. raised its holdings in CNH Industrial by 38.9% in the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock valued at $620,450,000 after acquiring an additional 14,348,475 shares in the last quarter. Raymond James & Associates raised its holdings in CNH Industrial by 62.4% in the 4th quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock valued at $4,184,000 after acquiring an additional 131,965 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in CNH Industrial in the 3rd quarter valued at approximately $1,928,000. Institutional investors and hedge funds 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.