CNH Industrial (NYSE:CNH) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• CNH Industrial shares fell below their 200-day moving average, trading as low as $11.12 versus the average of $11.35; the stock was reported down 3.8%.
• Analyst views were mixed: seven rated the stock Buy, six Hold and one Sell, giving it a consensus Hold rating and a $13.39 average price target. Recent upgrades included Baird’s Outperform rating and higher targets from Barclays and Truist.
• In its latest reported quarter, CNH posted EPS of $0.13, above the $0.11 estimate, and revenue of $4.80 billion, also ahead of expectations; revenue grew 2% year over year.

CNH Industrial N.V. (NYSE:CNH - Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $11.35 and traded as low as $11.12. CNH Industrial shares last traded at $11.2630, with a volume of 12,924,551 shares.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CNH. Robert W. Baird raised shares of CNH Industrial from a "neutral" rating to an "outperform" rating and set a $15.00 price target for the company in a research report on Monday, August 31st. Barclays lifted their price target on shares of CNH Industrial from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Monday, October 19th. Truist Financial boosted their price objective on shares of CNH Industrial from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, October 5th. BMO Capital Markets upped their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock a "market perform" rating in a report on Tuesday, August 4th. Finally, DA Davidson restated a "neutral" rating and set a $12.00 price objective on shares of CNH Industrial in a report on Wednesday, August 19th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CNH Industrial has an average rating of "Hold" and a consensus price target of $13.39.

CNH Industrial Stock Down 3.8%

The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23. The firm has a market cap of $13.94 billion, a PE ratio of 45.05 and a beta of 1.23. The stock has a fifty day moving average price of $12.55 and a 200-day moving average price of $11.35.

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

Institutional Investors Weigh In On CNH Industrial

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in CNH Industrial by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 29,204,840 shares of the company's stock worth $321,185,000 after buying an additional 2,380,087 shares in the last quarter. Bank of New York Mellon Corp raised its stake in CNH Industrial by 267.6% during the 1st quarter. Bank of New York Mellon Corp now owns 18,425,651 shares of the company's stock valued at $202,682,000 after acquiring an additional 13,413,731 shares in the last quarter. Gabelli Funds LLC raised its stake in CNH Industrial by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 7,083,970 shares of the company's stock valued at $77,924,000 after acquiring an additional 19,320 shares in the last quarter. Wellington Management Group LLP boosted its position in CNH Industrial by 13.0% during the 2nd quarter. Wellington Management Group LLP now owns 6,596,942 shares of the company's stock worth $74,084,000 after acquiring an additional 759,512 shares during the period. Finally, Sei Investments Co. boosted its position in CNH Industrial by 61.3% during the 1st quarter. Sei Investments Co. now owns 4,666,201 shares of the company's stock worth $51,330,000 after acquiring an additional 1,774,178 shares during the period. Institutional investors and hedge funds own 59.88% of the company's stock.

CNH Industrial Company Profile

CNH Industrial N.V. NYSE: CNH is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.

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