CNH Industrial (NYSE:CNH) Stock Crosses Below 200-Day Moving Average – Here’s Why

CNH Industrial N.V. (NYSE:CNH) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-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 Ratings Changes

CNH has been the topic of several research analyst reports. Weiss Ratings raised shares of CNH Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. JPMorgan Chase & Co. upped their price target on shares of CNH Industrial from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, October 8th. Robert W. Baird upgraded shares of CNH Industrial from a “neutral” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday, August 31st. Citigroup raised their price objective on shares of CNH Industrial from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, BMO Capital Markets boosted their target price on CNH Industrial from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.39.

CNH Industrial Stock Down 3.8%

The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 45.05 and a beta of 1.23. The stock’s fifty day simple moving average is $12.55 and its two-hundred day simple moving average is $11.35.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.77 billion. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. On average, sell-side analysts anticipate that CNH Industrial N.V. will post 0.45 EPS for the current year.

Institutional Trading of CNH Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNH. Bessemer Group Inc. boosted its holdings in CNH Industrial by 4.0% during the first quarter. Bessemer Group Inc. now owns 29,415 shares of the company’s stock worth $323,000 after buying an additional 1,121 shares in the last quarter. Parallel Advisors LLC grew its position in CNH Industrial by 20.6% in the third quarter. Parallel Advisors LLC now owns 6,782 shares of the company’s stock worth $87,000 after buying an additional 1,158 shares during the last quarter. Sax Wealth Advisors LLC increased its holdings in shares of CNH Industrial by 8.4% in the third quarter. Sax Wealth Advisors LLC now owns 16,066 shares of the company’s stock valued at $206,000 after buying an additional 1,247 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of CNH Industrial by 6.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 22,490 shares of the company’s stock valued at $297,000 after buying an additional 1,289 shares in the last quarter. Finally, Cloverfields Capital Group LP increased its holdings in shares of CNH Industrial by 1.0% in the first quarter. Cloverfields Capital Group LP now owns 136,220 shares of the company’s stock valued at $1,498,000 after buying an additional 1,304 shares in the last quarter. 59.88% of the stock is owned by institutional investors and hedge funds.

About CNH Industrial

CNH Industrial N.V. (NYSE: CNH) is a global equipment, technology and services company focused primarily on agriculture and construction. The company develops, manufactures and distributes machinery and solutions used by farmers, contractors and other customers in industries that support food production, infrastructure and land management.

Its agriculture portfolio includes tractors, combines, harvesting equipment, hay and forage machinery, planting and seeding systems, crop protection equipment and precision-agriculture technologies.