CNH Industrial (NYSE:CNHI - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $12.31, but opened at $11.30. CNH Industrial shares last traded at $11.63, with a volume of 12,148,975 shares traded.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CNHI. DA Davidson began coverage on shares of CNH Industrial in a research report on Tuesday, January 23rd. They issued a "neutral" rating and a $13.00 price objective on the stock. StockNews.com downgraded shares of CNH Industrial from a "hold" rating to a "sell" rating in a research report on Thursday, April 11th. Truist Financial started coverage on shares of CNH Industrial in a research report on Thursday, March 14th. They issued a "buy" rating and a $18.00 price objective on the stock. Morgan Stanley started coverage on shares of CNH Industrial in a research note on Monday, January 8th. They issued an "equal weight" rating and a $12.70 target price for the company. Finally, The Goldman Sachs Group upgraded shares of CNH Industrial from a "neutral" rating to a "buy" rating and set a $19.00 target price for the company in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, CNH Industrial has a consensus rating of "Hold" and an average target price of $15.20.
Check Out Our Latest Stock Report on CNHI
CNH Industrial Stock Performance
The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. The stock has a market capitalization of $14.50 billion, a PE ratio of 6.59 and a beta of 1.65. The firm's fifty day moving average price is $12.39 and its two-hundred day moving average price is $11.75.
CNH Industrial (NYSE:CNHI - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a net margin of 9.60% and a return on equity of 29.59%. The business's quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. As a group, equities research analysts forecast that CNH Industrial will post 1.56 EPS for the current year.
CNH Industrial Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be given a dividend of $0.47 per share. The ex-dividend date is Friday, May 10th. This is a boost from CNH Industrial's previous annual dividend of $0.39. This represents a yield of 3.71%.
Institutional Trading of CNH Industrial
Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates boosted its stake in CNH Industrial by 170.1% during the 1st quarter. Raymond James & Associates now owns 927,764 shares of the company's stock worth $12,024,000 after purchasing an additional 584,269 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in CNH Industrial by 12.0% during the 1st quarter. First Trust Direct Indexing L.P. now owns 22,285 shares of the company's stock valued at $289,000 after acquiring an additional 2,379 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in CNH Industrial by 10.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,929,764 shares of the company's stock valued at $37,970,000 after acquiring an additional 279,408 shares in the last quarter. Applied Capital LLC FL purchased a new stake in CNH Industrial during the 1st quarter valued at about $623,000. Finally, Allspring Global Investments Holdings LLC grew its stake in CNH Industrial by 4,686.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 578,948 shares of the company's stock valued at $7,503,000 after acquiring an additional 566,852 shares in the last quarter. Hedge funds and other institutional investors own 59.88% of the company's stock.
About CNH Industrial
(
Get Free Report)
CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.
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