CNH Industrial N.V. (NYSE:CNH – Get Free Report) shares were down 5.4% on Friday. The company traded as low as $11.47 and last traded at $11.47. Approximately 11,976,539 shares were traded during trading, a decline of 22% from the average session volume of 15,435,762 shares. The stock had previously closed at $12.13.
Analyst Ratings Changes
CNH has been the topic of several recent research reports. Citigroup boosted their target price on CNH Industrial from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Truist Financial lifted their price target on CNH Industrial from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird upgraded shares of CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price objective for the company in a research report on Monday, August 31st. Weiss Ratings raised shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Finally, BMO Capital Markets increased their price target on shares of CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.30.
Check Out Our Latest Research Report on CNH Industrial
CNH Industrial Price Performance
CNH Industrial (NYSE:CNH – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.77 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%.The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. On average, sell-side analysts predict that CNH Industrial N.V. will post 0.45 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CNH Industrial
Institutional investors and hedge funds have recently made changes to their positions in the stock. Riversedge Advisors LLC acquired a new stake in CNH Industrial in the third quarter valued at approximately $153,000. Legacy Wealth Asset Management LLC purchased a new stake in shares of CNH Industrial during the 3rd quarter worth $907,000. LifeGoal Investments LLC purchased a new stake in shares of CNH Industrial during the 3rd quarter worth $206,000. GAMMA Investing LLC grew its stake in shares of CNH Industrial by 39.5% during the third quarter. GAMMA Investing LLC now owns 15,170 shares of the company’s stock worth $195,000 after purchasing an additional 4,296 shares in the last quarter. Finally, Everhart Financial Group Inc. raised its stake in CNH Industrial by 39.7% in the third quarter. Everhart Financial Group Inc. now owns 14,691 shares of the company’s stock valued at $189,000 after buying an additional 4,176 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.
CNH Industrial Company Profile
CNH Industrial N.V. is a global manufacturer of agriculture and construction equipment. The company develops, produces and sells machinery, technologies and services used in farming, road building, infrastructure development and related industries.
Its agriculture business offers tractors, combines, harvesting equipment, planting and seeding machinery, hay and forage equipment, sprayers and precision-agriculture technologies. Its construction portfolio includes excavators, loaders, dozers, compactors, graders and other equipment.
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