CNH Industrial (NYSE:CNHI) Given a $18.00 Price Target at UBS Group

UBS Group set a $18.00 price target on CNH Industrial (NYSE:CNHIGet Rating) in a research report report published on Monday, Stock Target Advisor reports.

CNHI has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of CNH Industrial from $19.00 to $20.00 and gave the stock an overweight rating in a report on Monday, March 28th. Morgan Stanley decreased their price objective on shares of CNH Industrial from $22.00 to $21.00 and set an overweight rating for the company in a report on Monday, April 18th. StockNews.com initiated coverage on shares of CNH Industrial in a report on Thursday, March 31st. They set a hold rating for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of CNH Industrial from $21.00 to $20.00 and set a buy rating for the company in a report on Thursday, April 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $20.39.

Shares of CNHI stock opened at $11.38 on Monday. The firm has a 50-day moving average of $14.27 and a 200-day moving average of $15.46. The company has a market cap of $15.43 billion, a P/E ratio of 9.40 and a beta of 1.67. The company has a debt-to-equity ratio of 3.80, a current ratio of 6.93 and a quick ratio of 5.48. CNH Industrial has a one year low of $11.21 and a one year high of $19.69.

CNH Industrial (NYSE:CNHIGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. CNH Industrial had a net margin of 5.39% and a return on equity of 28.90%. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts expect that CNH Industrial will post 1.36 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CNHI. Norges Bank bought a new position in shares of CNH Industrial in the fourth quarter valued at approximately $421,847,000. Schroder Investment Management Group boosted its position in shares of CNH Industrial by 61.3% in the fourth quarter. Schroder Investment Management Group now owns 28,057,331 shares of the company’s stock valued at $478,938,000 after acquiring an additional 10,660,436 shares during the period. Parnassus Investments LLC bought a new position in shares of CNH Industrial in the first quarter valued at approximately $168,240,000. Wellington Management Group LLP boosted its position in shares of CNH Industrial by 379.1% in the first quarter. Wellington Management Group LLP now owns 9,451,209 shares of the company’s stock valued at $151,374,000 after acquiring an additional 7,478,640 shares during the period. Finally, Southpoint Capital Advisors LP boosted its position in shares of CNH Industrial by 57.4% in the fourth quarter. Southpoint Capital Advisors LP now owns 15,000,000 shares of the company’s stock valued at $291,450,000 after acquiring an additional 5,468,877 shares during the period. Institutional investors own 38.58% of the company’s stock.

About CNH Industrial (Get Rating)

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

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