CNH Industrial (NYSE:CNHI) Shares Gap Down to $15.97

Shares of CNH Industrial (NYSE:CNHI) gapped down before the market opened on Monday . The stock had previously closed at $15.97, but opened at $15.21. CNH Industrial shares last traded at $15.30, with a volume of 61,154 shares trading hands.

A number of equities research analysts recently weighed in on the company. TheStreet raised CNH Industrial from a “d” rating to a “c-” rating in a research report on Wednesday, February 3rd. Deutsche Bank Aktiengesellschaft raised their price target on CNH Industrial from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, April 13th. Vertical Research raised CNH Industrial from a “hold” rating to a “buy” rating in a report on Thursday, February 4th. Zacks Investment Research raised CNH Industrial from a “sell” rating to a “strong-buy” rating and set a $18.00 price target for the company in a report on Thursday, April 15th. Finally, Citigroup began coverage on CNH Industrial in a report on Thursday, February 18th. They issued a “buy” rating and a $19.00 price target for the company. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $14.50.

The stock has a market capitalization of $20.17 billion, a PE ratio of -36.34 and a beta of 1.69. The company has a quick ratio of 4.82, a current ratio of 6.14 and a debt-to-equity ratio of 5.14. The firm has a 50 day moving average price of $15.52 and a 200-day moving average price of $12.58.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings data on Tuesday, February 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.15. The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $7.51 billion. CNH Industrial had a positive return on equity of 4.68% and a negative net margin of 2.15%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. Equities analysts expect that CNH Industrial will post 0.13 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Wednesday, May 5th. Investors of record on Tuesday, April 20th will be given a dividend of $0.131 per share. This is a boost from CNH Industrial’s previous annual dividend of $0.12. This represents a yield of 0.83%. The ex-dividend date of this dividend is Monday, April 19th.

Hedge funds have recently made changes to their positions in the stock. Liberty Wealth Management LLC purchased a new position in CNH Industrial during the fourth quarter valued at approximately $33,000. Bessemer Group Inc. purchased a new stake in shares of CNH Industrial in the fourth quarter valued at approximately $63,000. Sowell Financial Services LLC purchased a new stake in shares of CNH Industrial in the fourth quarter valued at approximately $80,000. Signaturefd LLC increased its position in shares of CNH Industrial by 67.4% in the fourth quarter. Signaturefd LLC now owns 6,373 shares of the company’s stock valued at $82,000 after buying an additional 2,566 shares in the last quarter. Finally, Capital Asset Advisory Services LLC purchased a new stake in shares of CNH Industrial in the fourth quarter valued at approximately $84,000. Institutional investors own 21.73% of the company’s stock.

About CNH Industrial (NYSE:CNHI)

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial.

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