CNH Industrial (NYSE:CNHI) Shares Gap Down to $13.37

CNH Industrial (NYSE:CNHI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.37, but opened at $13.00. CNH Industrial shares last traded at $12.92, with a volume of 1,627,495 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein downgraded shares of CNH Industrial from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $17.31 to $15.11 in a research note on Monday, September 4th. Citigroup lowered their target price on CNH Industrial from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, July 18th. Oppenheimer cut their price target on CNH Industrial from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday, July 31st. Finally, StockNews.com started coverage on CNH Industrial in a research note on Saturday, August 19th. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.02.

CNH Industrial Price Performance

The company has a market capitalization of $16.99 billion, a P/E ratio of 7.82 and a beta of 1.63. The company has a debt-to-equity ratio of 3.28, a current ratio of 7.47 and a quick ratio of 5.99. The company has a fifty day moving average price of $14.06 and a 200 day moving average price of $14.23.

CNH Industrial (NYSE:CNHI) last posted its earnings results on Friday, July 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. CNH Industrial had a return on equity of 31.51% and a net margin of 9.44%. The company had revenue of $6.57 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the business posted $0.43 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that CNH Industrial will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CNHI. Raymond James & Associates increased its stake in CNH Industrial by 156.2% during the 1st quarter. Raymond James & Associates now owns 161,166 shares of the company’s stock valued at $2,556,000 after buying an additional 98,266 shares during the period. BlackRock Inc. grew its stake in shares of CNH Industrial by 113.2% in the 1st quarter. BlackRock Inc. now owns 4,073,190 shares of the company’s stock worth $64,601,000 after purchasing an additional 2,162,593 shares during the last quarter. Sei Investments Co. bought a new stake in shares of CNH Industrial in the 1st quarter worth approximately $7,668,000. Canada Pension Plan Investment Board lifted its stake in CNH Industrial by 0.8% during the first quarter. Canada Pension Plan Investment Board now owns 703,293 shares of the company’s stock valued at $11,264,000 after purchasing an additional 5,669 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in CNH Industrial by 1.8% in the first quarter. Vanguard Group Inc. now owns 33,478,435 shares of the company’s stock worth $530,969,000 after buying an additional 577,993 shares during the last quarter. Institutional investors own 39.93% of the company’s stock.

About CNH Industrial

CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services.