CNH Industrial (NYSE:CNH) Reaches New 52-Week High - Time to Buy?

Shares of CNH Industrial N.V. (NYSE:CNH - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $14.27 and last traded at $14.09, with a volume of 9679311 shares. The stock had previously closed at $13.69.

Wall Street Analyst Weigh In

A number of research firms have commented on CNH. Morgan Stanley cut their price target on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Northland Capmk raised shares of CNH Industrial from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Oppenheimer cut their price objective on shares of CNH Industrial from $16.00 to $15.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI upped their price objective on shares of CNH Industrial from $13.00 to $15.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Finally, Citigroup upped their price objective on shares of CNH Industrial from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.08.

CNH Industrial Stock Down 2.4%

The company has a current ratio of 13.41, a quick ratio of 11.18 and a debt-to-equity ratio of 3.29. The firm has a market capitalization of $16.83 billion, a P/E ratio of 16.43 and a beta of 1.50. The company's fifty day simple moving average is $12.99 and its 200 day simple moving average is $12.41.

CNH Industrial (NYSE:CNH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. CNH Industrial had a net margin of 5.53% and a return on equity of 14.32%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.47 billion. The firm's revenue for the quarter was down 20.5% compared to the same quarter last year. Research analysts expect that CNH Industrial N.V. will post 0.7 EPS for the current year.

Insider Buying and Selling at CNH Industrial

In other CNH Industrial news, Director Suzanne Heywood sold 11,053 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $140,373.10. Following the completion of the sale, the director directly owned 566,905 shares in the company, valued at approximately $7,199,693.50. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jay Schroeder sold 2,154 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $12.70, for a total transaction of $27,355.80. Following the sale, the chief technology officer owned 32,762 shares of the company's stock, valued at approximately $416,077.40. This represents a 6.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,246 shares of company stock valued at $511,732 in the last quarter. 1.00% of the stock is owned by insiders.

Institutional Trading of CNH Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in CNH Industrial by 186.0% during the 1st quarter. Vanguard Group Inc. now owns 90,704,159 shares of the company's stock valued at $1,113,847,000 after purchasing an additional 58,991,632 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of CNH Industrial by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 57,866,498 shares of the company's stock valued at $655,624,000 after acquiring an additional 664,191 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of CNH Industrial during the 4th quarter valued at about $361,990,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of CNH Industrial by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,001,755 shares of the company's stock valued at $257,719,000 after acquiring an additional 395,005 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of CNH Industrial by 125.8% during the 1st quarter. Alliancebernstein L.P. now owns 18,220,662 shares of the company's stock valued at $223,750,000 after acquiring an additional 10,149,760 shares during the last quarter. 59.88% of the stock is currently owned by institutional investors.

CNH Industrial Company Profile

CNH Industrial NV is an equipment and services company, which develops, manufactures and sells specialized machines and services for the farming and construction industries, and supplies replacement parts and accessories. It operates through the following operating segments: Agriculture, Construction, and Financial Services.