CNH Industrial (NYSE:CNHI) Shares Gap Up to $9.54

Shares of CNH Industrial NV (NYSE:CNHI) gapped up prior to trading on Thursday . The stock had previously closed at $9.49, but opened at $9.54. CNH Industrial shares last traded at $9.58, with a volume of 13,851 shares changing hands.

CNHI has been the topic of a number of analyst reports. Deutsche Bank raised CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research report on Tuesday, June 18th. Morgan Stanley raised CNH Industrial from an “equal weight” rating to an “overweight” rating in a research report on Monday. Stephens initiated coverage on CNH Industrial in a research report on Wednesday, August 14th. They issued an “equal weight” rating and a $10.00 price target on the stock. ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, TheStreet raised CNH Industrial from a “c” rating to a “b” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.13.

The company has a debt-to-equity ratio of 4.44, a quick ratio of 4.01 and a current ratio of 5.34. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 11.91 and a beta of 1.35. The firm has a 50-day moving average price of $9.90 and a two-hundred day moving average price of $10.14.

CNH Industrial (NYSE:CNHI) last issued its earnings results on Thursday, August 1st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. CNH Industrial had a return on equity of 22.56% and a net margin of 3.97%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.80 billion. During the same quarter last year, the company earned $0.28 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Research analysts anticipate that CNH Industrial NV will post 0.85 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA increased its position in CNH Industrial by 98.7% during the second quarter. Compagnie Lombard Odier SCmA now owns 5,962 shares of the company’s stock worth $61,000 after buying an additional 2,962 shares during the period. Neuburgh Advisers LLC increased its position in CNH Industrial by 17.8% during the second quarter. Neuburgh Advisers LLC now owns 9,216 shares of the company’s stock worth $95,000 after buying an additional 1,392 shares during the period. Riverhead Capital Management LLC increased its position in CNH Industrial by 18.6% during the second quarter. Riverhead Capital Management LLC now owns 10,200 shares of the company’s stock worth $105,000 after buying an additional 1,600 shares during the period. Jefferies Group LLC acquired a new position in CNH Industrial during the second quarter worth approximately $118,000. Finally, Janney Montgomery Scott LLC acquired a new position in CNH Industrial during the second quarter worth approximately $125,000. 20.44% of the stock is currently owned by institutional investors and hedge funds.

About CNH Industrial (NYSE:CNHI)

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.

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