CNH Industrial (NYSE:CNHI) Receives “Market Perform” Rating from Oppenheimer

Oppenheimer reissued their market perform rating on shares of CNH Industrial (NYSE:CNHI) in a research report released on Tuesday morning, Benzinga reports.

A number of other equities analysts also recently weighed in on CNHI. StockNews.com downgraded shares of CNH Industrial from a hold rating to a sell rating in a research note on Thursday, April 11th. The Goldman Sachs Group raised CNH Industrial from a neutral rating to a buy rating and set a $19.00 target price on the stock in a research note on Wednesday, January 17th. Robert W. Baird lifted their price target on CNH Industrial from $15.00 to $16.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Evercore ISI increased their price objective on shares of CNH Industrial from $11.50 to $13.00 and gave the company an in-line rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley began coverage on shares of CNH Industrial in a report on Monday, January 8th. They issued an equal weight rating and a $12.70 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $15.20.

CNH Industrial Stock Down 0.7 %

Shares of NYSE:CNHI opened at $12.31 on Tuesday. The firm has a market capitalization of $15.46 billion, a P/E ratio of 7.03 and a beta of 1.65. The company has a debt-to-equity ratio of 3.34, a quick ratio of 7.86 and a current ratio of 9.32. The stock has a 50 day moving average price of $12.39 and a 200-day moving average price of $11.74. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. As a group, equities research analysts anticipate that CNH Industrial will post 1.56 EPS for the current fiscal year.

CNH Industrial Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be issued a $0.47 dividend. The ex-dividend date is Friday, May 10th. This represents a yield of 3.71%. This is a boost from CNH Industrial’s previous annual dividend of $0.39.

Institutional Investors Weigh In On CNH Industrial

A number of large investors have recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. boosted its stake in shares of CNH Industrial by 12.0% in the 1st quarter. First Trust Direct Indexing L.P. now owns 22,285 shares of the company’s stock worth $289,000 after buying an additional 2,379 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in CNH Industrial by 10.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,929,764 shares of the company’s stock valued at $37,970,000 after acquiring an additional 279,408 shares during the period. Applied Capital LLC FL purchased a new position in CNH Industrial in the first quarter worth about $623,000. Allspring Global Investments Holdings LLC grew its stake in shares of CNH Industrial by 4,686.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 578,948 shares of the company’s stock valued at $7,503,000 after purchasing an additional 566,852 shares during the period. Finally, Oak Thistle LLC purchased a new stake in shares of CNH Industrial during the 1st quarter valued at about $271,000. Institutional investors 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.