CNH Industrial (NYSE:CNHI) Shares Gap Down to $12.31

CNH Industrial (NYSE:CNHI) shares gapped down prior to trading on Monday . The stock had previously closed at $12.31, but opened at $11.30. CNH Industrial shares last traded at $11.63, with a volume of 12,148,975 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CNHI shares. Evercore ISI boosted their target price on shares of CNH Industrial from $11.50 to $13.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 20th. StockNews.com downgraded CNH Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Oppenheimer reiterated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, April 16th. Truist Financial started coverage on CNH Industrial in a research note on Thursday, March 14th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Robert W. Baird boosted their price target on shares of CNH Industrial from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, CNH Industrial has an average rating of “Hold” and a consensus target price of $15.20.

CNH Industrial Price Performance

The company has a current ratio of 9.32, a quick ratio of 7.86 and a debt-to-equity ratio of 3.34. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 6.62 and a beta of 1.65. The stock has a fifty day moving average of $12.37 and a two-hundred day moving average of $11.74.

CNH Industrial (NYSE:CNHI) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.50 billion. CNH Industrial had a return on equity of 29.59% and a net margin of 9.60%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, equities research analysts forecast that CNH Industrial will post 1.56 earnings per share for the current year.

CNH Industrial Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.47 per share. This is an increase from CNH Industrial’s previous annual dividend of $0.39. The ex-dividend date is Friday, May 10th. This represents a yield of 3.71%.

Institutional Investors Weigh In On CNH Industrial

A number of institutional investors and hedge funds have recently made changes to their positions in CNHI. Salem Investment Counselors Inc. acquired a new stake in shares of CNH Industrial during the 1st quarter worth approximately $26,000. SRS Capital Advisors Inc. acquired a new stake in CNH Industrial during the 4th quarter worth $25,000. Alta Advisers Ltd bought a new stake in shares of CNH Industrial during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its stake in shares of CNH Industrial by 6,664.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,585 shares of the company’s stock valued at $44,000 after purchasing an additional 3,532 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of CNH Industrial in the 4th quarter worth $46,000. Institutional investors own 59.88% 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.