CNH Industrial (NYSE:CNHI) Sees Strong Trading Volume

Shares of CNH Industrial (NYSE:CNHI) saw unusually-high trading volume on Thursday . Approximately 73,429 shares were traded during trading, a decline of 97% from the previous session’s volume of 2,696,999 shares.The stock last traded at $16.15 and had previously closed at $16.14.

CNHI has been the topic of a number of recent research reports. Oppenheimer reaffirmed a “hold” rating on shares of CNH Industrial in a research report on Monday, June 21st. Zacks Investment Research downgraded CNH Industrial from a “strong-buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Friday, July 16th. Finally, Evercore ISI lowered their price target on CNH Industrial from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CNH Industrial has an average rating of “Hold” and a consensus price target of $17.29.

The company has a debt-to-equity ratio of 4.07, a current ratio of 4.97 and a quick ratio of 3.92. The firm has a market cap of $22.10 billion, a price-to-earnings ratio of 70.17 and a beta of 1.72. The firm has a fifty day simple moving average of $16.62 and a two-hundred day simple moving average of $16.44.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Friday, July 30th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.15. CNH Industrial had a return on equity of 29.43% and a net margin of 1.02%. The firm had revenue of $8.91 billion during the quarter, compared to analysts’ expectations of $7.73 billion. During the same period last year, the business posted ($0.07) earnings per share. The company’s revenue for the quarter was up 59.8% compared to the same quarter last year. Equities analysts anticipate that CNH Industrial will post 1.32 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. FNY Investment Advisers LLC raised its stake in shares of CNH Industrial by 445.0% in the third quarter. FNY Investment Advisers LLC now owns 118,817 shares of the company’s stock worth $1,973,000 after purchasing an additional 97,017 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of CNH Industrial in the second quarter worth about $255,000. Parametric Portfolio Associates LLC raised its stake in shares of CNH Industrial by 17.2% in the second quarter. Parametric Portfolio Associates LLC now owns 164,976 shares of the company’s stock worth $2,758,000 after purchasing an additional 24,159 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of CNH Industrial in the second quarter worth about $252,000. Finally, Wells Fargo & Company MN raised its stake in shares of CNH Industrial by 69.1% in the second quarter. Wells Fargo & Company MN now owns 363,898 shares of the company’s stock worth $6,074,000 after purchasing an additional 148,665 shares during the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

CNH Industrial Company Profile (NYSE:CNHI)

CNH Industrial NV designs, produces and sells agricultural equipment and commercial vehicles. It operates through the following business segments: Heavy construction equipment and Light construction equipment. The Heavy construction equipment segment includes general construction equipment such as large wheel loaders and excavators, and road building and site preparation equipment such as graders, compactors and dozers.

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