CNH Industrial (NYSE:CNHI) Upgraded by StockNews.com to Buy

Posted by on May 5th, 2023

CNH Industrial (NYSE:CNHI – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other research analysts have also weighed in on CNHI. Berenberg Bank began coverage on shares of CNH Industrial in a report on Friday, January 27th. They issued a “buy” rating and a $31.00 target price for the company. Robert W. Baird lifted their price objective on CNH Industrial from $17.00 to $21.00 in a report on Thursday, February 2nd. JPMorgan Chase & Co. downgraded CNH Industrial from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $16.00 to $17.00 in a report on Thursday, January 12th. They noted that the move was a valuation call. Morgan Stanley decreased their price objective on CNH Industrial from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. Finally, Oppenheimer decreased their price objective on CNH Industrial from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.43.

CNH Industrial Stock Performance

Shares of NYSE CNHI opened at $13.63 on Friday. The firm’s 50-day moving average price is $14.86 and its 200-day moving average price is $15.39. The company has a quick ratio of 5.99, a current ratio of 7.15 and a debt-to-equity ratio of 3.31. The company has a market cap of $18.32 billion, a PE ratio of 9.21 and a beta of 1.63. CNH Industrial has a 52-week low of $10.60 and a 52-week high of $17.98.

CNH Industrial (NYSE:CNHI – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. CNH Industrial had a net margin of 8.62% and a return on equity of 31.61%. The firm had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter in the prior year, the business earned $0.25 EPS. The business’s quarterly revenue was up 26.7% on a year-over-year basis. As a group, analysts anticipate that CNH Industrial will post 1.69 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CNHI. Captrust Financial Advisors raised its stake in shares of CNH Industrial by 437.9% during the 2nd quarter. Captrust Financial Advisors now owns 3,292 shares of the company’s stock worth $38,000 after buying an additional 2,680 shares during the period. CWM LLC increased its stake in shares of CNH Industrial by 1,419.3% in the 3rd quarter. CWM LLC now owns 3,707 shares of the company’s stock worth $41,000 after acquiring an additional 3,463 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of CNH Industrial in the 4th quarter worth $46,000. Bessemer Group Inc. purchased a new position in shares of CNH Industrial during the 3rd quarter worth $49,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of CNH Industrial during the 1st quarter worth $50,000. 38.37% of the stock is owned by institutional investors and hedge funds.

CNH Industrial Company Profile

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CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.

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Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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