CNH Industrial (NYSE:CNH) Shares Up 5.7% - Here's What Happened

Key Points

• CNH Industrial shares rose 5.7% to $10.875 during mid-day trading, with roughly 11.3 million shares changing hands.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a consensus price target of $12.58, with recent targets ranging from $10.50 to $13.00.
• CNH exceeded quarterly expectations, reporting $0.13 EPS versus the $0.11 consensus and $4.80 billion in revenue versus $4.77 billion expected; revenue increased 2% year over year.

CNH Industrial N.V. (NYSE:CNH - Get Free Report)'s share price rose 5.7% during mid-day trading on Thursday . The stock traded as high as $10.94 and last traded at $10.8750. Approximately 11,290,065 shares traded hands during trading, a decline of 20% from the average session volume of 14,038,613 shares. The stock had previously closed at $10.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CNH shares. Evercore set a $12.25 price target on shares of CNH Industrial in a report on Monday, May 11th. Sanford C. Bernstein reissued a "market perform" rating on shares of CNH Industrial in a report on Tuesday, August 4th. BMO Capital Markets upped their target price on CNH Industrial from $11.00 to $12.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 4th. Citigroup lifted their target price on shares of CNH Industrial from $12.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group cut shares of CNH Industrial from a "buy" rating to a "neutral" rating and cut their price objective for the company from $12.00 to $10.50 in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, CNH Industrial has an average rating of "Hold" and a consensus price target of $12.58.

CNH Industrial Trading Up 5.8%

The company's 50-day moving average price is $10.63 and its 200-day moving average price is $10.93. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15. The company has a quick ratio of 10.16, a current ratio of 12.23 and a debt-to-equity ratio of 3.33.

CNH Industrial (NYSE:CNH - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The firm had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the prior year, the firm earned $0.17 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. Equities analysts expect that CNH Industrial N.V. will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On CNH Industrial

Hedge funds and other institutional investors have recently modified their holdings of the business. National Pension Service purchased a new stake in shares of CNH Industrial in the fourth quarter valued at approximately $2,620,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in CNH Industrial by 21.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 915,808 shares of the company's stock worth $8,563,000 after buying an additional 158,729 shares in the last quarter. Sei Investments Co. boosted its stake in CNH Industrial by 61.3% during the first quarter. Sei Investments Co. now owns 4,666,201 shares of the company's stock worth $51,330,000 after buying an additional 1,774,178 shares during the last quarter. CWM LLC grew its holdings in CNH Industrial by 113.6% in the 4th quarter. CWM LLC now owns 414,233 shares of the company's stock valued at $3,819,000 after buying an additional 220,328 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in CNH Industrial by 5.3% in the 4th quarter. BNP Paribas Financial Markets now owns 7,108,081 shares of the company's stock valued at $65,537,000 after buying an additional 360,898 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company's product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source