CNH Industrial (NYSE:CNH) Trading Down 6.2% - Here's Why

Key Points

• CNH Industrial's stock price dropped 6.2% to $12.04, significantly lower than its previous close of $12.83 and with trading volume decreasing by 75% compared to average sessions.
• Analysts have mixed ratings for CNH Industrial, with price targets raised by several firms to as high as $16.00, while the consensus rating stands at "Moderate Buy" with a target of $15.21.
• In its latest quarterly earnings report, CNH Industrial surpassed analyst estimates with an earnings per share of $0.17, despite a 14.2% year-over-year revenue decline.

CNH Industrial N.V. (NYSE:CNH - Get Free Report)'s stock price traded down 6.2% during mid-day trading on Thursday . The company traded as low as $12.05 and last traded at $12.04. 4,469,519 shares changed hands during trading, a decline of 75% from the average session volume of 18,118,637 shares. The stock had previously closed at $12.83.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group increased 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. Citigroup increased their price target on CNH Industrial from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Oppenheimer raised their target price on CNH Industrial from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wall Street Zen began coverage on CNH Industrial in a research note on Wednesday, April 30th. They set a "sell" rating for the company. Finally, Morgan Stanley reduced their price objective on CNH Industrial from $16.50 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.21.

CNH Industrial Price Performance

The company has a current ratio of 12.33, a quick ratio of 10.34 and a debt-to-equity ratio of 3.52. The stock's 50-day moving average is $12.95 and its two-hundred day moving average is $12.61. The company has a market capitalization of $15.04 billion, a PE ratio of 18.52 and a beta of 1.54.

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

Institutional Investors Weigh In On CNH Industrial

A number of large investors have recently modified their holdings of the company. Nebula Research & Development LLC acquired a new stake in shares of CNH Industrial in the second quarter valued at about $233,000. Qube Research & Technologies Ltd purchased a new position in shares of CNH Industrial in the second quarter valued at $14,001,000. Daiwa Securities Group Inc. raised its holdings in shares of 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 purchasing an additional 1,100 shares during the period. California Public Employees Retirement System raised its holdings in shares of CNH Industrial by 5.8% during the second quarter. California Public Employees Retirement System now owns 1,555,167 shares of the company's stock worth $20,155,000 after purchasing an additional 85,309 shares during the period. Finally, Federated Hermes Inc. grew its position in CNH Industrial by 29.8% in the 2nd quarter. Federated Hermes Inc. now owns 107,456 shares of the company's stock valued at $1,393,000 after buying an additional 24,669 shares in the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.

About CNH Industrial

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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