CNH Industrial NV (NYSE:CNHI) shares saw unusually-high trading volume on Monday . Approximately 5,281,317 shares were traded during mid-day trading, an increase of 219% from the previous session’s volume of 1,654,109 shares.The stock last traded at $9.38 and had previously closed at $8.81.
CNHI has been the topic of several research reports. Stephens began coverage on shares of CNH Industrial in a report on Wednesday, August 14th. They issued an “equal weight” rating and a $10.00 price objective on the stock. Morgan Stanley upgraded shares of CNH Industrial from an “equal weight” rating to an “overweight” rating in a research note on Monday. TheStreet upgraded shares of CNH Industrial from a “c” rating to a “b” rating in a research note on Wednesday, May 15th. ValuEngine downgraded shares of CNH Industrial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Deutsche Bank upgraded shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.13.
The company has a quick ratio of 4.01, a current ratio of 5.34 and a debt-to-equity ratio of 4.44. The company’s 50 day moving average is $9.95 and its 200 day moving average is $10.14. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 11.73 and a beta of 1.35.
CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. CNH Industrial had a net margin of 3.97% and a return on equity of 22.56%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.80 billion. During the same period in the prior year, the company posted $0.28 earnings per share. CNH Industrial’s revenue was down 5.9% compared to the same quarter last year. On average, analysts expect that CNH Industrial NV will post 0.85 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA lifted its position in CNH Industrial by 98.7% during the second quarter. Compagnie Lombard Odier SCmA now owns 5,962 shares of the company’s stock worth $61,000 after purchasing an additional 2,962 shares during the period. Neuburgh Advisers LLC lifted its position in CNH Industrial by 17.8% during the second quarter. Neuburgh Advisers LLC now owns 9,216 shares of the company’s stock worth $95,000 after purchasing an additional 1,392 shares during the period. Riverhead Capital Management LLC lifted its position in CNH Industrial by 18.6% during the second quarter. Riverhead Capital Management LLC now owns 10,200 shares of the company’s stock worth $105,000 after purchasing an additional 1,600 shares during the period. Jefferies Group LLC bought a new stake in CNH Industrial during the second quarter worth about $118,000. Finally, Janney Montgomery Scott LLC bought a new stake in CNH Industrial during the second quarter worth about $125,000. 20.44% of the stock is owned by institutional investors and hedge funds.
About CNH Industrial (NYSE:CNHI)
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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