CNH GLOBAL N V Foreign (NYSE:CNH) Given New $16.00 Price Target at UBS Group

CNH GLOBAL N V Foreign (NYSE:CNH) had its target price upped by UBS Group from $13.00 to $16.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on CNH. Morgan Stanley reduced their price target on CNH GLOBAL N V Foreign from $16.50 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Northland Capmk raised CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. Oppenheimer reduced their price target on CNH GLOBAL N V Foreign from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI upped their price target on CNH GLOBAL N V Foreign from $11.00 to $13.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Citigroup upped their price target on CNH GLOBAL N V Foreign from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CNH GLOBAL N V Foreign currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.75.

CNH GLOBAL N V Foreign Price Performance

CNH opened at $12.77 on Friday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week high of $13.87. The stock has a market capitalization of $15.96 billion, a PE ratio of 12.40 and a beta of 1.50. The stock’s 50 day moving average price is $12.05 and its 200-day moving average price is $11.96.

CNH GLOBAL N V Foreign (NYSE:CNH) last posted its earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $4.47 billion. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. CNH GLOBAL N V Foreign’s revenue for the quarter was down 20.5% compared to the same quarter last year. On average, equities research analysts predict that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

CNH GLOBAL N V Foreign Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 30th. Investors of record on Wednesday, May 21st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a dividend yield of 3.8%. CNH GLOBAL N V Foreign’s dividend payout ratio (DPR) is presently 57.32%.

Insider Buying and Selling at CNH GLOBAL N V Foreign

In other CNH GLOBAL N V Foreign news, CEO Gerrit A. Marx sold 320,472 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $3,730,294.08. Following the transaction, the chief executive officer now owns 375,136 shares of the company’s stock, valued at approximately $4,366,583.04. This represents a 46.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stefano Pampalone sold 12,935 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.64, for a total value of $150,563.40. Following the completion of the transaction, the insider now directly owns 417,384 shares in the company, valued at $4,858,349.76. This trade represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 392,620 shares of company stock valued at $4,570,097. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Colonial Trust Co SC bought a new position in shares of CNH GLOBAL N V Foreign in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $26,000. Anchor Investment Management LLC purchased a new stake in shares of CNH GLOBAL N V Foreign during the fourth quarter worth about $26,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of CNH GLOBAL N V Foreign during the first quarter worth about $29,000. Institutional investors own 59.88% of the company’s stock.

About CNH GLOBAL N V Foreign

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.