CNH Industrial (CNHI) Shares Gap Down to $9.39

CNH Industrial NV (NYSE:CNHI) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.62, but opened at $9.39. CNH Industrial shares last traded at $9.17, with a volume of 2898500 shares.

CNHI has been the subject of a number of research reports. Zacks Investment Research upgraded CNH Industrial from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, April 9th. ValuEngine lowered CNH Industrial from a “hold” rating to a “sell” rating in a research note on Tuesday. OTR Global upgraded CNH Industrial to a “positive” rating in a research note on Friday, January 18th. Finally, TheStreet upgraded CNH Industrial from a “c” rating to a “b” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. CNH Industrial presently has an average rating of “Hold” and a consensus target price of $12.92.

The company has a market cap of $12.41 billion, a price-to-earnings ratio of 11.20 and a beta of 1.12. The company has a debt-to-equity ratio of 4.42, a current ratio of 5.33 and a quick ratio of 4.03.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. CNH Industrial had a return on equity of 23.01% and a net margin of 3.84%. The company had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that CNH Industrial NV will post 0.87 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CNHI. Penserra Capital Management LLC bought a new position in CNH Industrial in the fourth quarter valued at about $35,000. Cresset Asset Management LLC bought a new position in CNH Industrial in the first quarter valued at about $45,000. Neuburgh Advisers LLC boosted its holdings in CNH Industrial by 1,064.3% in the fourth quarter. Neuburgh Advisers LLC now owns 7,824 shares of the company’s stock valued at $70,000 after acquiring an additional 7,152 shares during the last quarter. Quadrant Capital Group LLC bought a new position in CNH Industrial in the fourth quarter valued at about $73,000. Finally, Ellington Management Group LLC bought a new position in CNH Industrial in the first quarter valued at about $108,000. Institutional investors own 18.80% of the company’s stock.

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CNH Industrial Company Profile (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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