CNH Industrial (NYSE:CNH) Shares Break Below Two Hundred Day Moving Average – Time to Sell?

Shares of CNH Industrial N.V. (NYSE:CNH) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $11.35 and traded as low as $11.12. CNH Industrial shares last traded at $11.2630, with a volume of 12,924,551 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CNH. Sanford C. Bernstein restated a “market perform” rating on shares of CNH Industrial in a report on Tuesday, August 4th. BMO Capital Markets increased their price target on CNH Industrial from $11.00 to $12.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of CNH Industrial from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, October 8th. Truist Financial boosted their price objective on shares of CNH Industrial from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Finally, Weiss Ratings upgraded shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.39.

CNH Industrial Trading Up 2.8%

The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 46.26 and a beta of 1.23. The business has a fifty day moving average price of $12.55 and a 200 day moving average price of $11.35. The company has a debt-to-equity ratio of 3.33, a current ratio of 12.23 and a quick ratio of 10.16.

Institutional Trading of CNH Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in shares of CNH Industrial by 29.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,231,637 shares of the company’s stock worth $80,096,000 after purchasing an additional 1,421,385 shares during the period. Fifth Third Bancorp lifted its stake in shares of CNH Industrial by 41.4% in the third quarter. Fifth Third Bancorp now owns 7,960 shares of the company’s stock valued at $102,000 after buying an additional 2,330 shares during the period. Ritholtz Wealth Management acquired a new stake in CNH Industrial during the third quarter worth about $216,000. Joel Isaacson & Co. LLC grew its position in CNH Industrial by 18.3% during the third quarter. Joel Isaacson & Co. LLC now owns 14,904 shares of the company’s stock worth $192,000 after buying an additional 2,304 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in CNH Industrial during the third quarter worth about $315,000. 59.88% of the stock is currently owned by institutional investors and hedge funds.

About CNH Industrial

CNH Industrial is a global manufacturer of agricultural and construction equipment. Its agricultural brands include Case IH, New Holland Agriculture and STEYR, which offer products such as tractors, combines, harvesters, sprayers and hay tools. Its construction equipment brands include CASE Construction Equipment and New Holland Construction, with machinery such as excavators, loaders and graders.

The company also provides parts, equipment support and precision technology designed to help customers manage machinery and improve productivity.