CNH Industrial (NYSE:CNHI) Given New $14.00 Price Target at JPMorgan Chase & Co.

CNH Industrial (NYSE:CNHI) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $14.50 to $14.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 21.90% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Morgan Stanley began coverage on shares of CNH Industrial in a research note on Monday, January 8th. They issued an “equal weight” rating and a $12.70 price target on the stock. Oppenheimer reissued a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, April 16th. Bank of America reissued a “neutral” rating on shares of CNH Industrial in a research report on Monday, April 22nd. Truist Financial began coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, The Goldman Sachs Group raised shares of CNH Industrial from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.27.

CNH Industrial Stock Down 1.7 %

CNHI stock traded down $0.20 during midday trading on Friday, hitting $11.49. The company’s stock had a trading volume of 9,092,739 shares, compared to its average volume of 12,092,861. 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 has a twelve month low of $9.77 and a twelve month high of $15.74. The company’s fifty day moving average price is $12.26 and its 200 day moving average price is $11.72. The stock has a market capitalization of $14.43 billion, a P/E ratio of 6.56 and a beta of 1.66.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The firm had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the previous year, the business earned $0.35 EPS. The company’s revenue was down 9.8% compared to the same quarter last year. As a group, equities research analysts predict that CNH Industrial will post 1.56 EPS for the current year.

Institutional Trading of CNH Industrial

A number of institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted 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 valued at $155,000 after purchasing an additional 1,090 shares during the period. CWM LLC raised its position in shares of CNH Industrial by 20.9% in the 4th quarter. CWM LLC now owns 6,508 shares of the company’s stock valued at $79,000 after buying an additional 1,125 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of CNH Industrial by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 364,900 shares of the company’s stock valued at $4,458,000 after buying an additional 1,223 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of CNH Industrial by 1.9% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 71,300 shares of the company’s stock valued at $868,000 after buying an additional 1,300 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of CNH Industrial by 27.5% in the 4th quarter. Lindbrook Capital LLC now owns 6,188 shares of the company’s stock valued at $75,000 after buying an additional 1,334 shares in the last quarter. 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.