CNH Industrial (CNHI) Shares Gap Up to $13.00

CNH Industrial NV (NYSE:CNHI) gapped up prior to trading on Monday . The stock had previously closed at $12.66, but opened at $13.00. CNH Industrial shares last traded at $13.30, with a volume of 2419096 shares traded.

Several equities research analysts have issued reports on CNHI shares. Zacks Investment Research upgraded CNH Industrial from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Tuesday, October 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $13.40 price objective (up from $12.00) on shares of CNH Industrial in a research report on Monday, November 13th. Deutsche Bank reaffirmed a “buy” rating and set a $13.20 price objective (up from $12.80) on shares of CNH Industrial in a research report on Monday, October 9th. BidaskClub cut CNH Industrial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Evercore ISI raised CNH Industrial from an “in-line” rating to an “outperform” rating in a research report on Monday, November 6th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $13.37.

The company has a quick ratio of 4.18, a current ratio of 5.42 and a debt-to-equity ratio of 5.73. The firm has a market cap of $18,130.00, a PE ratio of 27.08 and a beta of 0.71.

CNH Industrial (NYSE:CNHI) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. The company had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. CNH Industrial’s revenue for the quarter was up 15.3% compared to the same quarter last year. equities analysts predict that CNH Industrial NV will post 0.47 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC boosted its position in CNH Industrial by 0.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 31,850,459 shares of the company’s stock valued at $382,524,000 after purchasing an additional 101,920 shares during the last quarter. Vanguard Group Inc. boosted its position in CNH Industrial by 9.8% during the second quarter. Vanguard Group Inc. now owns 24,176,853 shares of the company’s stock valued at $275,133,000 after purchasing an additional 2,164,105 shares during the last quarter. AXA boosted its position in CNH Industrial by 0.5% during the third quarter. AXA now owns 15,801,602 shares of the company’s stock valued at $189,777,000 after purchasing an additional 83,060 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in CNH Industrial by 7.4% during the third quarter. Gamco Investors INC. ET AL now owns 10,098,387 shares of the company’s stock valued at $121,282,000 after purchasing an additional 698,600 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of CNH Industrial by 51.7% in the second quarter. TIAA CREF Investment Management LLC now owns 5,986,648 shares of the company’s stock valued at $68,128,000 after buying an additional 2,040,505 shares during the last quarter. 18.18% of the stock is owned by hedge funds and other institutional investors.

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About CNH Industrial

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

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