CNH Industrial (NYSE:CNH) Reaches New 1-Year High - Here's Why

CNH Industrial N.V. (NYSE:CNH - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.87 and last traded at $13.74, with a volume of 3012690 shares traded. The stock had previously closed at $13.76.

Analyst Ratings Changes

Several brokerages have recently commented on CNH. Morgan Stanley reduced their price objective on shares of CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen initiated coverage on shares of CNH Industrial in a report on Wednesday, April 30th. They issued a "sell" rating for the company. 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 report on Monday, May 19th. UBS Group raised their target price on CNH Industrial from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Truist Financial decreased their target price on CNH Industrial from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $15.08.

CNH Industrial Stock Down 1.9%

The company has a market cap of $16.87 billion, a price-to-earnings ratio of 16.46 and a beta of 1.50. The company has a debt-to-equity ratio of 3.29, a quick ratio of 11.18 and a current ratio of 13.41. The stock's fifty day moving average is $12.77 and its two-hundred day moving average is $12.33.

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. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $4.47 billion. CNH Industrial had a return on equity of 14.32% and a net margin of 5.53%. The firm's revenue for the quarter was down 20.5% on a year-over-year basis. Sell-side analysts predict that CNH Industrial N.V. will post 0.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Oddone Incisa sold 22,515 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 $285,940.50. Following the transaction, the chief financial officer directly owned 856,574 shares of the company's stock, valued at $10,878,489.80. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Suzanne Heywood sold 11,053 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $12.70, for a total transaction of $140,373.10. Following the transaction, the director owned 566,905 shares in the company, valued at approximately $7,199,693.50. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,246 shares of company stock valued at $511,732. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CNH Industrial

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new stake in shares of CNH Industrial during the fourth quarter valued at approximately $25,000. Colonial Trust Co SC bought a new position in CNH Industrial in the 4th quarter valued at $25,000. Anchor Investment Management LLC purchased a new stake in shares of CNH Industrial during the 4th quarter valued at $26,000. Farther Finance Advisors LLC bought a new stake in shares of CNH Industrial during the 4th quarter worth $27,000. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of CNH Industrial in the 4th quarter worth about $29,000. Institutional investors own 59.88% of the company's stock.

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.