Barclays Releases a Sell Rating on CNH Industrial

By Ryan Adsit

In a report issued on April 17, Robert Wertheimer from Barclays maintained a Sell rating on CNH Industrial (NYSE: CNHI), with a price target of $9. The company’s shares closed yesterday at $9.79.

According to TipRanks.com, Wertheimer is a 1-star analyst with an average return of -1.7% and a 51.1% success rate. Wertheimer covers the Industrial Goods sector, focusing on stocks such as Stanley Black & Decker Inc, Lincoln Electric Holdings, and Manitowoc Foodservice.

CNH Industrial has an analyst consensus of Moderate Sell, with a price target consensus of $10.50.

Based on CNH Industrial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $7.13 billion and quarterly net profit of $26 million. In comparison, last year the company earned revenue of $5.48 billion and had a GAAP net loss of $529 million.

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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 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 2012 and is headquartered in London, the United Kingdom.