CNH Industrial (NYSE:CNHI) Rating Reiterated by Bank of America

Bank of America reissued their neutral rating on shares of CNH Industrial (NYSE:CNHI) in a research report report published on Monday, MarketBeat.com reports.

CNHI has been the subject of several other research reports. The Goldman Sachs Group upgraded CNH Industrial from a neutral rating to a buy rating and set a $19.00 target price for the company in a research note on Wednesday, January 17th. Robert W. Baird boosted their target price on CNH Industrial from $15.00 to $16.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. DA Davidson assumed coverage on CNH Industrial in a research note on Tuesday, January 23rd. They issued a neutral rating and a $13.00 price objective for the company. Truist Financial assumed coverage on CNH Industrial in a research note on Thursday, March 14th. They issued a buy rating and a $18.00 price objective for the company. Finally, StockNews.com cut CNH Industrial from a hold rating to a sell rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $15.20.

CNH Industrial Stock Performance

Shares of CNH Industrial stock opened at $11.40 on Monday. CNH Industrial has a one year low of $9.77 and a one year high of $15.74. The company 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 quick ratio of 7.86 and a current ratio of 9.32. The business has a 50-day simple moving average of $12.36 and a 200-day simple moving average of $11.74.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. On average, equities research analysts forecast that CNH Industrial will post 1.56 EPS for the current fiscal year.

CNH Industrial Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Arizona State Retirement System purchased a new position in CNH Industrial in the fourth quarter worth $3,429,000. Jump Financial LLC raised its position in CNH Industrial by 40.3% in the third quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock worth $2,546,000 after acquiring an additional 60,398 shares in the last quarter. Vanguard Group Inc. raised its position in CNH Industrial by 38.9% in the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after acquiring an additional 14,348,475 shares in the last quarter. Raymond James & Associates raised its position in CNH Industrial by 62.4% in the fourth quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock worth $4,184,000 after acquiring an additional 131,965 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in CNH Industrial in the third quarter worth $1,928,000. Hedge funds and other 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.