CNH Industrial (CNHI) Shares Gap Down to $11.27

CNH Industrial (NYSE:CNHI) gapped down before the market opened on Tuesday . The stock had previously closed at $11.61, but opened at $11.27. CNH Industrial shares last traded at $10.90, with a volume of 4106000 shares trading hands.

CNHI has been the topic of a number of recent analyst reports. Bank of America cut their price objective on shares of CNH Industrial from $16.50 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, April 17th. Morgan Stanley initiated coverage on shares of CNH Industrial in a research note on Friday, March 2nd. They set an “equal weight” rating and a $15.00 price objective on the stock. William Blair restated a “hold” rating on shares of CNH Industrial in a research note on Wednesday, April 4th. Stifel Nicolaus restated a “hold” rating and set a $14.00 price objective (up from $13.40) on shares of CNH Industrial in a research note on Tuesday, February 20th. Finally, ValuEngine cut shares of CNH Industrial from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. CNH Industrial currently has an average rating of “Hold” and an average price target of $14.95.

The firm has a market capitalization of $15.70 billion, a PE ratio of 22.71 and a beta of 1.00. The company has a debt-to-equity ratio of 6.02, a current ratio of 5.05 and a quick ratio of 3.88.



CNH Industrial (NYSE:CNHI) last released its earnings results on Friday, April 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.40 billion. CNH Industrial had a return on equity of 18.25% and a net margin of 1.56%. CNH Industrial’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 earnings per share. research analysts predict that CNH Industrial will post 0.7 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in CNH Industrial by 34.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,150 shares of the company’s stock worth $203,000 after purchasing an additional 3,845 shares in the last quarter. Victory Capital Management Inc. increased its stake in CNH Industrial by 24.9% in the 4th quarter. Victory Capital Management Inc. now owns 20,998 shares of the company’s stock worth $281,000 after purchasing an additional 4,186 shares in the last quarter. LPL Financial LLC increased its stake in CNH Industrial by 34.2% in the 4th quarter. LPL Financial LLC now owns 23,217 shares of the company’s stock worth $311,000 after purchasing an additional 5,917 shares in the last quarter. AMP Capital Investors Ltd increased its stake in CNH Industrial by 1.9% in the 4th quarter. AMP Capital Investors Ltd now owns 432,181 shares of the company’s stock worth $5,797,000 after purchasing an additional 7,872 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its stake in CNH Industrial by 16.0% in the 4th quarter. Eagle Global Advisors LLC now owns 58,000 shares of the company’s stock worth $777,000 after purchasing an additional 8,000 shares in the last quarter. 19.26% of the stock is currently owned by hedge funds and other institutional investors.

About CNH Industrial

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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