CNH Industrial (NYSE:CNH) Reaches New 52-Week Low - What's Next?

Key Points

• CNH Industrial shares have reached a new 52-week low, trading as low as $9.96, with the last recorded price at $10.06.
• Several brokerages, including JPMorgan and Goldman Sachs, have downgraded CNH Industrial’s stock ratings and lowered price targets, indicating a trend of negative sentiment among analysts.
• Despite posting a quarterly earnings per share of $0.17, CNH Industrial's revenue fell 14.2% year-over-year, leading to concerns about the company's financial performance.

CNH Industrial N.V. (NYSE:CNH - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $9.96 and last traded at $10.06, with a volume of 19037 shares. The stock had previously closed at $10.06.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNH. JPMorgan Chase & Co. cut their price target on CNH Industrial from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, September 2nd. Truist Financial cut their price target on CNH Industrial from $17.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Oppenheimer cut their price target on CNH Industrial from $16.00 to $13.00 and set an "outperform" rating for the company in a report on Thursday, September 18th. The Goldman Sachs Group downgraded CNH Industrial from a "buy" rating to a "neutral" rating and cut their price target for the company from $12.50 to $11.50 in a report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of CNH Industrial in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.77.

CNH Industrial Stock Performance

The company has a debt-to-equity ratio of 3.52, a current ratio of 12.33 and a quick ratio of 10.34. The stock has a 50-day simple moving average of $11.45 and a 200-day simple moving average of $12.16. The stock has a market cap of $12.73 billion, a P/E ratio of 15.48 and a beta of 1.51.

CNH Industrial (NYSE:CNH - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. CNH Industrial had a return on equity of 10.79% and a net margin of 4.55%.The firm had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same period last year, the firm posted $0.38 earnings per share. The business's revenue for the quarter was down 14.2% on a year-over-year basis. CNH Industrial has set its FY 2025 guidance at 0.500-0.700 EPS. Research analysts forecast that CNH Industrial N.V. will post 0.7 earnings per share for the current year.

Insider Transactions at CNH Industrial

In other CNH Industrial news, insider Francesco Vincenzo Mari Tutino sold 12,271 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $12.53, for a total value of $153,755.63. Following the transaction, the insider directly owned 14,940 shares of the company's stock, valued at approximately $187,198.20. The trade was a 45.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On CNH Industrial

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of CNH Industrial by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 304,527 shares of the company's stock worth $3,947,000 after purchasing an additional 999 shares during the period. Mission Wealth Management LP raised its position in shares of CNH Industrial by 3.0% during the first quarter. Mission Wealth Management LP now owns 36,842 shares of the company's stock worth $452,000 after purchasing an additional 1,056 shares during the period. TD Private Client Wealth LLC raised its position in shares of CNH Industrial by 1.9% during the second quarter. TD Private Client Wealth LLC now owns 58,272 shares of the company's stock worth $755,000 after purchasing an additional 1,066 shares during the period. Louisiana State Employees Retirement System raised its position in shares of CNH Industrial by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 246,000 shares of the company's stock worth $3,188,000 after purchasing an additional 1,100 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in CNH Industrial by 0.6% during the second quarter. Daiwa Securities Group Inc. now owns 180,900 shares of the company's stock worth $2,344,000 after buying an additional 1,100 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

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.

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