Truist Financial Issues Positive Forecast for CNH Industrial (NYSE:CNH) Stock Price

CNH Industrial (NYSE:CNH) had its price objective upped by Truist Financial from $15.00 to $17.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on CNH. BMO Capital Markets lifted their price target on CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on shares of CNH Industrial from $9.50 to $10.00 and gave the company an “underweight” rating in a research note on Monday, July 13th. Citigroup lifted their target price on shares of CNH Industrial from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Evercore raised shares of CNH Industrial from an “in-line” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Wednesday, September 2nd. Finally, Weiss Ratings raised shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.23.

CNH Industrial Stock Down 1.3%

Shares of NYSE:CNH opened at $13.29 on Monday. The firm has a fifty day moving average price of $12.23 and a two-hundred day moving average price of $11.19. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 53.16 and a beta of 1.20. The company has a debt-to-equity ratio of 3.33, a current ratio of 12.23 and a quick ratio of 10.16. CNH Industrial has a one year low of $9.00 and a one year high of $14.46.

CNH Industrial (NYSE:CNH) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. Analysts anticipate that CNH Industrial will post 0.45 EPS for the current fiscal year.

Institutional Trading of CNH Industrial

A number of hedge funds have recently bought and sold shares of CNH. Bank of New York Mellon Corp grew its stake in shares of CNH Industrial by 267.6% in the 1st quarter. Bank of New York Mellon Corp now owns 18,425,651 shares of the company’s stock worth $202,682,000 after buying an additional 13,413,731 shares during the last quarter. Norges Bank purchased a new position in CNH Industrial during the fourth quarter valued at $33,705,000. Brandywine Global Investment Management LLC boosted its holdings in CNH Industrial by 186.1% in the fourth quarter. Brandywine Global Investment Management LLC now owns 4,961,457 shares of the company’s stock worth $45,745,000 after acquiring an additional 3,227,143 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in CNH Industrial in the second quarter worth $30,453,000. Finally, Hsbc Holdings PLC grew its stake in shares of CNH Industrial by 2,015.7% in the first quarter. Hsbc Holdings PLC now owns 2,660,771 shares of the company’s stock worth $29,254,000 after acquiring an additional 2,535,010 shares during the last quarter. Institutional investors own 59.88% of the company’s stock.

About CNH Industrial

CNH Industrial N.V. is a global manufacturer of agriculture and construction equipment. The company develops, produces and sells machinery, technologies and services used in farming, road building, infrastructure development and related industries.

Its agriculture business offers tractors, combines, harvesting equipment, planting and seeding machinery, hay and forage equipment, sprayers and precision-agriculture technologies. Its construction portfolio includes excavators, loaders, dozers, compactors, graders and other equipment.