CNH Industrial (NYSE:CNHI) Shares Gap Up to $9.54

CNH Industrial NV (NYSE:CNHI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $9.49, but opened at $9.54. CNH Industrial shares last traded at $9.58, with a volume of 13,851 shares.

Several equities analysts recently commented on CNHI shares. Stephens started coverage on CNH Industrial in a research report on Wednesday, August 14th. They set an “equal weight” rating and a $10.00 price target on the stock. Deutsche Bank raised CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research report on Tuesday, June 18th. TheStreet raised CNH Industrial from a “c” rating to a “b” rating in a research report on Wednesday, May 15th. ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Morgan Stanley raised CNH Industrial from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. CNH Industrial has an average rating of “Hold” and an average target price of $11.13.

The company has a debt-to-equity ratio of 4.44, a quick ratio of 4.01 and a current ratio of 5.34. The firm has a fifty day simple moving average of $9.87 and a 200-day simple moving average of $10.13. The company has a market capitalization of $12.92 billion, a PE ratio of 11.40 and a beta of 1.35.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. CNH Industrial had a return on equity of 22.56% and a net margin of 3.97%. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.80 billion. During the same period in the previous year, the business earned $0.28 EPS. CNH Industrial’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, research analysts anticipate that CNH Industrial NV will post 0.85 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Neuburgh Advisers LLC increased its holdings in CNH Industrial by 17.8% during the 2nd 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 last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of CNH Industrial by 0.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 581,548 shares of the company’s stock valued at $5,972,000 after acquiring an additional 1,570 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of CNH Industrial by 18.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,200 shares of the company’s stock valued at $105,000 after acquiring an additional 1,600 shares during the last quarter. Greenleaf Trust increased its holdings in shares of CNH Industrial by 13.0% in the 2nd quarter. Greenleaf Trust now owns 14,571 shares of the company’s stock valued at $150,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its holdings in shares of CNH Industrial by 17.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 12,672 shares of the company’s stock valued at $130,000 after acquiring an additional 1,914 shares during the last quarter. Institutional investors own 20.44% of the company’s stock.

CNH Industrial Company Profile (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.

Featured Story: Different Options Trading Strategies

Receive News & Ratings for CNH Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNH Industrial and related companies with MarketBeat.com's FREE daily email newsletter.