CNH Industrial’s (CNHI) “Neutral” Rating Reiterated at Bank of America

Bank of America restated their neutral rating on shares of CNH Industrial (NYSE:CNHI) in a report released on Monday, Marketbeat.com reports.

Several other analysts have also commented on the stock. The Goldman Sachs Group raised shares of CNH Industrial from a neutral rating to a buy rating and set a $19.00 price target for the company in a research report on Wednesday, January 17th. Oppenheimer reissued a market perform rating on shares of CNH Industrial in a research report on Tuesday, April 16th. Truist Financial initiated coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They set a buy rating and a $18.00 price target for the company. StockNews.com lowered shares of CNH Industrial from a hold rating to a sell rating in a research report on Thursday, April 11th. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CNH Industrial has a consensus rating of Hold and a consensus price target of $15.20.

CNH Industrial Stock Down 1.6 %

NYSE:CNHI opened at $11.40 on Monday. CNH Industrial has a 1-year low of $9.77 and a 1-year high of $15.74. The company has a 50-day moving average of $12.36 and a 200 day moving average of $11.74. The firm has a market cap of $14.32 billion, a PE ratio of 6.51 and a beta of 1.65. The company has a debt-to-equity ratio of 3.34, a current ratio of 9.32 and a quick ratio of 7.86.

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

CNH Industrial Increases Dividend

The firm also recently declared 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. This represents a yield of 3.71%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from CNH Industrial’s previous annual dividend of $0.39.

Hedge Funds Weigh In On CNH Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in CNH Industrial by 9.4% in the 4th quarter. Private Advisor Group LLC now owns 12,709 shares of the company’s stock worth $155,000 after buying an additional 1,090 shares during the period. CWM LLC grew its stake in shares of CNH Industrial by 20.9% during the 4th quarter. CWM LLC now owns 6,508 shares of the company’s stock worth $79,000 after purchasing an additional 1,125 shares during the period. Public Sector Pension Investment Board grew its stake in shares of CNH Industrial by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock worth $4,458,000 after purchasing an additional 1,223 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of CNH Industrial by 1.9% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 71,300 shares of the company’s stock worth $868,000 after purchasing an additional 1,300 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of CNH Industrial by 27.5% during the 4th quarter. Lindbrook Capital LLC now owns 6,188 shares of the company’s stock worth $75,000 after purchasing an additional 1,334 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., 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.