Recent Investment Analysts’ Ratings Changes for CNH Industrial (CNHI)

CNH Industrial (NYSE: CNHI) recently received a number of ratings updates from brokerages and research firms:

  • 1/10/2022 – CNH Industrial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. They now have a $14.00 price target on the stock. According to Zacks, “Rising capital expenditure to develop advanced products and technologies might mar CNH Industrial’s near-term margins. In fact, CNH Industrial's 2021 free cash flow (FCF) projection of $1 billion compares unfavorably with the $1.9 billion recorded in 2020. Further, the company is far from immune to the global chip crisis, which may mar its near-term outlook. CNH Industrial estimates the last quarter of 2021 to be the period most impacted by component shortages, further affecting production and inventory levels. Further, the company’s FPT brand margins are likely to remain pressured due to constrained engine component supplies. Surging raw material prices, freight and logistics costs are likely to clip margins further. Rising debt levels is another cause of concern. Thus, the stock warrants a bearish stance right now.”
  • 1/4/2022 – CNH Industrial had its price target lowered by analysts at Morgan Stanley from $24.00 to $22.00. They now have an “overweight” rating on the stock.
  • 1/4/2022 – CNH Industrial had its price target lowered by analysts at UBS Group AG from $21.00 to $19.00. They now have a “buy” rating on the stock.
  • 1/4/2022 – CNH Industrial had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $25.00 to $19.00.
  • 12/27/2021 – CNH Industrial is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $24.00 price target on the stock.
  • 12/10/2021 – CNH Industrial had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $23.00 to $25.00. They now have a “buy” rating on the stock.
  • 12/7/2021 – CNH Industrial is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $20.35 price target on the stock.
  • 12/1/2021 – CNH Industrial is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating on the stock.

Shares of CNH Industrial stock traded down $0.03 on Friday, reaching $16.52. The company’s stock had a trading volume of 202,722 shares, compared to its average volume of 5,328,289. The company has a market capitalization of $22.37 billion, a P/E ratio of 14.12 and a beta of 1.69. CNH Industrial has a 52-week low of $12.49 and a 52-week high of $19.69. The stock has a 50-day moving average price of $17.72 and a 200-day moving average price of $17.01. The company has a quick ratio of 4.19, a current ratio of 5.42 and a debt-to-equity ratio of 3.80.

CNH Industrial (NYSE:CNHI) last issued its quarterly earnings results on Thursday, November 4th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.14. CNH Industrial had a return on equity of 33.61% and a net margin of 4.82%. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $7.63 billion. During the same period in the previous year, the business earned $0.11 earnings per share. Sell-side analysts forecast that CNH Industrial will post 1.32 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNHI. Invesco Ltd. lifted its stake in shares of CNH Industrial by 148.5% in the 2nd quarter. Invesco Ltd. now owns 1,177,270 shares of the company’s stock valued at $19,684,000 after purchasing an additional 703,430 shares during the last quarter. Parallax Volatility Advisers L.P. lifted its stake in shares of CNH Industrial by 14.6% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 370,121 shares of the company’s stock valued at $6,188,000 after purchasing an additional 47,135 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of CNH Industrial by 0.5% in the 2nd quarter. Gabelli Funds LLC now owns 6,527,018 shares of the company’s stock valued at $109,132,000 after buying an additional 30,520 shares during the period. FNY Investment Advisers LLC raised its holdings in shares of CNH Industrial by 445.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 118,817 shares of the company’s stock valued at $1,973,000 after buying an additional 97,017 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of CNH Industrial by 18.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 11,387,514 shares of the company’s stock valued at $190,400,000 after buying an additional 1,806,826 shares during the period. 35.14% of the stock is currently owned by institutional investors.

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.

Further Reading: Return On Assets

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