Shares of CNH Industrial NV (NYSE:CNHI) gapped down before the market opened on Wednesday . The stock had previously closed at $9.19, but opened at $9.19. CNH Industrial shares last traded at $9.63, with a volume of 57,307 shares.

A number of analysts have weighed in on the stock. Deutsche Bank raised shares of CNH Industrial from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a report on Tuesday, June 18th. TheStreet raised shares of CNH Industrial from a “c” rating to a “b” rating in a report on Wednesday, May 15th. ValuEngine cut shares of CNH Industrial from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Stephens assumed coverage on shares of CNH Industrial in a report on Wednesday, August 14th. They set an “equal weight” rating and a $10.00 price objective on the stock. Finally, Morgan Stanley raised shares of CNH Industrial from an “equal weight” rating to an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.13.

The business’s fifty day moving average price is $9.92 and its 200 day moving average price is $10.14. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 11.93 and a beta of 1.35. The company has a current ratio of 5.34, a quick ratio of 4.01 and a debt-to-equity ratio of 4.44.

CNH Industrial (NYSE:CNHI) last announced its earnings results on Thursday, August 1st. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.80 billion. CNH Industrial had a net margin of 3.97% and a return on equity of 22.56%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. As a group, sell-side analysts forecast that CNH Industrial NV will post 0.85 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Neuburgh Advisers LLC grew its position in CNH Industrial by 17.8% in the 2nd quarter. Neuburgh Advisers LLC now owns 9,216 shares of the company’s stock valued at $95,000 after buying an additional 1,392 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in CNH Industrial by 0.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 581,548 shares of the company’s stock valued at $5,972,000 after buying an additional 1,570 shares during the last quarter. Riverhead Capital Management LLC grew its position in CNH Industrial by 18.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,200 shares of the company’s stock valued at $105,000 after buying an additional 1,600 shares during the last quarter. Greenleaf Trust grew its position in CNH Industrial by 13.0% in the 2nd quarter. Greenleaf Trust now owns 14,571 shares of the company’s stock valued at $150,000 after buying an additional 1,680 shares during the last quarter. Finally, Glen Harbor Capital Management LLC grew its position in CNH Industrial by 17.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 12,672 shares of the company’s stock valued at $130,000 after buying an additional 1,914 shares during the last quarter. 20.44% of the stock is currently owned by institutional investors and hedge funds.

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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