CNH Industrial (NYSE:CNHI) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of CNH Industrial (NYSE:CNHIFree Report) from a hold rating to a sell rating in a research report released on Tuesday morning.

Several other brokerages have also recently commented on CNHI. JPMorgan Chase & Co. raised their target price on CNH Industrial from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Monday, December 4th. Evercore ISI raised their target price on CNH Industrial from $11.50 to $13.00 and gave the stock an in-line rating in a research report on Tuesday, February 20th. DA Davidson began coverage on CNH Industrial in a research report on Tuesday, January 23rd. They issued a neutral rating and a $13.00 target price for the company. TheStreet lowered CNH Industrial from a b- rating to a c+ rating in a report on Monday, December 11th. Finally, Robert W. Baird increased their price objective on CNH Industrial from $15.00 to $16.00 and gave the stock an outperform rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $15.20.

Check Out Our Latest Report on CNHI

CNH Industrial Stock Performance

CNHI opened at $12.55 on Tuesday. The firm has a market cap of $15.77 billion, a PE ratio of 7.17 and a beta of 1.64. The company has a quick ratio of 7.86, a current ratio of 9.32 and a debt-to-equity ratio of 3.34. The business has a fifty day simple moving average of $12.11 and a 200-day simple moving average of $11.72. CNH Industrial has a fifty-two week low of $9.77 and a fifty-two week high of $15.74.

CNH Industrial (NYSE:CNHIGet Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. As a group, equities analysts predict that CNH Industrial will post 1.56 EPS for the current fiscal year.

CNH Industrial Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be issued a $0.47 dividend. This represents a dividend yield of 3.71%. This is a boost from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th. CNH Industrial’s dividend payout ratio is presently 26.86%.

Institutional Investors Weigh In On CNH Industrial

Hedge funds have recently bought and sold shares of the company. Harris Associates L P lifted its position in CNH Industrial by 30.4% during the fourth quarter. Harris Associates L P now owns 160,517,694 shares of the company’s stock worth $1,955,085,000 after acquiring an additional 37,438,564 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CNH Industrial by 38.9% in the third quarter. Vanguard Group Inc. now owns 51,276,895 shares of the company’s stock valued at $620,450,000 after buying an additional 14,348,475 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of CNH Industrial in the fourth quarter valued at approximately $384,313,000. BlackRock Inc. raised its position in shares of CNH Industrial by 410.5% in the second quarter. BlackRock Inc. now owns 20,936,974 shares of the company’s stock valued at $301,492,000 after buying an additional 16,835,827 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of CNH Industrial by 33.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,128,981 shares of the company’s stock valued at $245,171,000 after buying an additional 5,023,900 shares in the last quarter. 39.93% of the stock is currently owned by institutional investors and hedge funds.

About CNH Industrial

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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.

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Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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