CNH Industrial (NYSE:CNHI) Given New $17.00 Price Target at Truist Financial

CNH Industrial (NYSE:CNHI) had its target price decreased by Truist Financial from $18.00 to $17.00 in a report released on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. Evercore ISI increased their price objective on CNH Industrial from $11.50 to $13.00 and gave the company an in-line rating in a research report on Tuesday, February 20th. The Goldman Sachs Group upgraded shares of CNH Industrial from a neutral rating to a buy rating and set a $19.00 price objective on the stock in a report on Wednesday, January 17th. Morgan Stanley assumed coverage on shares of CNH Industrial in a research note on Monday, January 8th. They issued an equal weight rating and a $12.70 target price for the company. Bank of America restated a neutral rating on shares of CNH Industrial in a research note on Monday, April 22nd. Finally, Oppenheimer reiterated a market perform rating on shares of CNH Industrial in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $15.20.

CNH Industrial Price Performance

NYSE CNHI opened at $11.80 on Monday. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 6.90 and a beta of 1.66. The company has a 50 day simple moving average of $12.24 and a 200-day simple moving average of $11.73. CNH Industrial has a 52-week low of $9.77 and a 52-week high of $15.74. 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 results on Thursday, May 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. CNH Industrial had a return on equity of 28.40% and a net margin of 9.48%. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The firm’s revenue was down 9.8% on a year-over-year basis. Equities research analysts predict that CNH Industrial will post 1.53 earnings per share 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 given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from CNH Industrial’s previous annual dividend of $0.39. This represents a yield of 3.71%. CNH Industrial’s dividend payout ratio is 27.49%.

Institutional Trading of CNH Industrial

Several large investors have recently made changes to their positions in the business. Arizona State Retirement System acquired a new position in CNH Industrial during the 4th quarter worth about $3,429,000. Daiwa Securities Group Inc. bought a new stake in shares of CNH Industrial during the fourth quarter valued at approximately $822,000. Jump Financial LLC increased its holdings in shares of CNH Industrial by 40.3% in the third quarter. Jump Financial LLC now owns 210,402 shares of the company’s stock valued at $2,546,000 after purchasing an additional 60,398 shares in the last quarter. Vanguard Group Inc. raised its position in CNH Industrial by 38.9% in the 3rd quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock worth $620,450,000 after purchasing an additional 14,348,475 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in CNH Industrial by 62.4% during the 4th quarter. Raymond James & Associates now owns 343,495 shares of the company’s stock worth $4,184,000 after buying an additional 131,965 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.