CNH Industrial stock target raised to $13 by CFRA

Published 05/02/2025, 22:32
CNH Industrial stock target raised to $13 by CFRA

On Wednesday, CFRA analyst Nazmi Ghazali increased the price target for CNH Industrial (NYSE:CNH), setting it at $13, up from the previous $11, while maintaining a Hold rating on the stock. Currently trading at a P/E ratio of 12.6x and showing strong momentum with a 30% gain over the past six months, the stock appears slightly overvalued according to InvestingPro analysis. Ghazali’s new target implies a price-to-earnings (P/E) multiple of 8.7 times for the year 2025, aligning with CNH Industrial’s three-year average forward P/E.

The analyst retained the earnings per share (EPS) forecast for 2025 at $1.49 and introduced a 2026 EPS estimate of $1.20. CNH Industrial reported its fourth-quarter revenue for the year 2024 at $4.88 billion, marking a 28% year-over-year decline. This drop was primarily attributed to weaker demand in both the Agriculture and Construction equipment markets. InvestingPro data reveals that despite market challenges, the company maintains a solid financial foundation with an Altman Z-Score of 9.1, indicating strong financial health.

The company’s adjusted EBIT margin for its Industrial Activities segment fell by 630 basis points year-over-year to 4.7%, due to lower volumes. Despite these challenges, CNH Industrial managed to achieve $600 million in run rate savings by the end of 2024, which contributed to structural cost reductions.

Looking ahead, CNH Industrial has provided its guidance for the year 2025. The company anticipates a 13% to 18% decrease in net sales for the Agriculture segment and a 5% to 10% decrease for the Construction segment. Additionally, CNH Industrial forecasts free cash flow to be between $200 million and $500 million and adjusted diluted EPS in the range of $0.65 to $0.75.

Ghazali’s outlook on CNH Industrial remains cautious, with expectations that the challenging market conditions will continue through at least the first half of 2025. While the company faces headwinds, InvestingPro subscribers can access additional insights, including 8 more ProTips and comprehensive valuation metrics, to better understand CNH Industrial’s future prospects. The Pro Research Report, available for this prominent machinery player, offers deep-dive analysis and expert insights for informed investment decisions.

In other recent news, CNH Global has been in the spotlight following its fourth-quarter earnings results and subsequent analyst adjustments. Citi analyst Kyle Menges raised the price target for CNH Global to $15, up from $13, while maintaining a Buy rating on the stock. This revision came after CNH Global’s fourth quarter earnings, where the company reported adjusted earnings per share of $0.15 and revenue of $4.88 billion, both falling short of analyst projections. Menges also adjusted his future earnings estimates for the company, citing decreased expectations for agriculture and construction equipment volumes.

In the meantime, DA Davidson also adjusted its price target for CNH Global, increasing it to $14 from $12, while keeping a neutral stance on the stock. Despite acknowledging ongoing challenges within the agriculture sector and high inventory levels, DA Davidson expressed cautious optimism about CNH Global’s future, citing potential improvements in 2026.

CNH Global’s management also provided a cautious outlook for 2025, forecasting adjusted EPS between $0.65 and $0.75, which falls below the current analyst consensus. Despite near-term headwinds, the company’s CEO expressed confidence in the company’s ongoing efforts to streamline operations, positioning it well for future regional market cycles. These recent developments provide a glimpse into the company’s financial performance and future expectations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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