StockNews.com Initiates Coverage on CNH GLOBAL N V Foreign (NYSE:CNH)

Equities researchers at StockNews.com initiated coverage on shares of CNH GLOBAL N V Foreign (NYSE:CNHGet Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the stock.

Several other brokerages also recently issued reports on CNH. Northland Capmk raised CNH GLOBAL N V Foreign from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. Robert W. Baird reissued a “neutral” rating and set a $15.00 target price (down previously from $16.00) on shares of CNH GLOBAL N V Foreign in a research note on Monday, March 3rd. Truist Financial decreased their target price on CNH GLOBAL N V Foreign from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their target price on CNH GLOBAL N V Foreign from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Finally, Sanford C. Bernstein raised CNH GLOBAL N V Foreign from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $11.00 to $17.00 in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

View Our Latest Stock Report on CNH

CNH GLOBAL N V Foreign Trading Up 7.4 %

Shares of NYSE:CNH opened at $12.43 on Wednesday. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 12.06 and a beta of 1.43. The company has a debt-to-equity ratio of 3.54, a quick ratio of 10.83 and a current ratio of 13.21. The stock’s 50-day simple moving average is $12.06 and its two-hundred day simple moving average is $11.90. CNH GLOBAL N V Foreign has a 52-week low of $9.28 and a 52-week high of $13.87.

CNH GLOBAL N V Foreign (NYSE:CNHGet Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. CNH GLOBAL N V Foreign had a return on equity of 18.00% and a net margin of 6.62%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $4.47 billion. The firm’s revenue was down 20.5% on a year-over-year basis. Analysts expect that CNH GLOBAL N V Foreign will post 0.7 EPS for the current year.

Insiders Place Their Bets

In related news, Director Suzanne Heywood sold 24,213 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total value of $281,839.32. Following the transaction, the director now owns 551,858 shares of the company’s stock, valued at $6,423,627.12. This trade represents a 4.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Stefano Pampalone sold 12,935 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.64, for a total transaction of $150,563.40. Following the completion of the sale, the insider now directly owns 417,384 shares of the company’s stock, valued at approximately $4,858,349.76. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 392,620 shares of company stock valued at $4,570,097 over the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Trading of CNH GLOBAL N V Foreign

A number of large investors have recently modified their holdings of CNH. Mission Wealth Management LP grew its position in shares of CNH GLOBAL N V Foreign by 3.0% during the 1st quarter. Mission Wealth Management LP now owns 36,842 shares of the company’s stock worth $452,000 after buying an additional 1,056 shares in the last quarter. Fifth Third Bancorp lifted its stake in CNH GLOBAL N V Foreign by 29.3% in the first quarter. Fifth Third Bancorp now owns 6,241 shares of the company’s stock worth $77,000 after acquiring an additional 1,416 shares during the period. Brown Advisory Inc. grew its holdings in CNH GLOBAL N V Foreign by 15.3% during the 1st quarter. Brown Advisory Inc. now owns 15,501 shares of the company’s stock worth $190,000 after acquiring an additional 2,061 shares in the last quarter. Balefire LLC increased its position in CNH GLOBAL N V Foreign by 10.9% during the 1st quarter. Balefire LLC now owns 22,134 shares of the company’s stock valued at $272,000 after purchasing an additional 2,182 shares during the period. Finally, Colonial Trust Co SC bought a new stake in shares of CNH GLOBAL N V Foreign in the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

About CNH GLOBAL N V Foreign

(Get Free Report)

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.

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Analyst Recommendations for CNH GLOBAL N V Foreign (NYSE:CNH)

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