In a report released yesterday, Adam Seiden from Barclays maintained a Buy rating on CNH Industrial (CNHI – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $12.55.
Seiden covers the Industrials sector, focusing on stocks such as Aecom Technology, Agco, and Caterpillar. According to TipRanks, Seiden has an average return of 11.6% and a 55.19% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CNH Industrial with a $16.01 average price target, implying a 27.57% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $16.00 price target.
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CNHI market cap is currently $16.7B and has a P/E ratio of 7.13.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CNHI in relation to earlier this year.
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CNH Industrial (CNHI) Company Description:
CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain and Financial Services. The Agricultural Equipment segment designs, manufactures and distributes a full line of farm machinery and implements, including two-wheel and four wheel drive tractors, crawler tractors, combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements and material handling equipment. The Construction Equipment engages in production and sales of construction equipment including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders and telehandlers. The Commercial Vehicles segment offers light, medium and heavy vehicles for the transportation and distribution of goods through Iveco brand; commuter buses and touring coaches through Iveco Bus and Heuliez Bus brands; quarry and mining equipment through Iveco Astra brand; and firefighting vehicles through Iveco Magirus brand. The Powertrain segment handles the propulsion and transmission systems for on-and off-road trucks and commercial vehicles, as well as engines for marine application and power generation through FPT Industrial brand. The Financial Services segment provides financial services to dealers and customers. The company was founded in November 12, 2012 and is headquartered in London, the United Kingdom.
Read More on CNHI:
- CNH Industrial Announces New Share Buyback Initiative
- CNH Industrial N.V. Reports Fourth Quarter and Full Year 2023 Results
- CNHI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- CNH among top 5% in S&P Global Yearbook and high scorer in Dow Jones Sustainability World & North America Indices
- CNH to release 2023 Fourth Quarter & Full Year financial results on February 14
