CNH Industrial (CNHI) Sets New 12-Month Low at $9.66

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CNH Industrial NV (NYSE:CNHI) reached a new 52-week low during trading on Monday . The company traded as low as $9.66 and last traded at $9.67, with a volume of 842509 shares trading hands. The stock had previously closed at $9.84.

A number of equities research analysts have commented on the company. Bank of America lowered CNH Industrial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $14.00 to $12.50 in a research report on Wednesday, October 17th. Zacks Investment Research downgraded CNH Industrial from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. ValuEngine raised CNH Industrial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Deutsche Bank began coverage on CNH Industrial in a research note on Wednesday, September 5th. They issued a “hold” rating and a $158.00 price objective on the stock. Finally, TheStreet raised CNH Industrial from a “d+” rating to a “c” rating in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. CNH Industrial currently has an average rating of “Hold” and an average price target of $28.70.

The stock has a market capitalization of $13.41 billion, a PE ratio of 20.10 and a beta of 1.22. The company has a quick ratio of 4.21, a current ratio of 5.51 and a debt-to-equity ratio of 5.06.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Wednesday, November 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $7.04 billion. CNH Industrial had a return on equity of 22.36% and a net margin of 2.59%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, analysts forecast that CNH Industrial NV will post 0.73 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its position in shares of CNH Industrial by 4.8% in the second quarter. Van ECK Associates Corp now owns 2,713,097 shares of the company’s stock worth $28,569,000 after buying an additional 124,733 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in CNH Industrial by 24.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,294 shares of the company’s stock valued at $248,000 after purchasing an additional 4,623 shares in the last quarter. Navellier & Associates Inc raised its position in CNH Industrial by 5.6% during the second quarter. Navellier & Associates Inc now owns 321,660 shares of the company’s stock valued at $3,387,000 after purchasing an additional 17,082 shares in the last quarter. Gamco Investors INC. ET AL raised its position in CNH Industrial by 5.3% during the second quarter. Gamco Investors INC. ET AL now owns 11,522,773 shares of the company’s stock valued at $121,335,000 after purchasing an additional 583,833 shares in the last quarter. Finally, Aperio Group LLC raised its position in CNH Industrial by 20.3% during the third quarter. Aperio Group LLC now owns 657,129 shares of the company’s stock valued at $7,892,000 after purchasing an additional 111,068 shares in the last quarter. Institutional investors own 19.09% 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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