CNH Industrial (NYSE:CNH) Hits New 12-Month High – Here’s Why

CNH Industrial N.V. (NYSE:CNH)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.31 and last traded at $13.3590, with a volume of 14354899 shares trading hands. The stock had previously closed at $12.50.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Evercore set a $12.25 target price on CNH Industrial in a report on Monday, May 11th. Citigroup boosted their price target on shares of CNH Industrial from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on shares of CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Truist Financial reiterated a “buy” rating and issued a $15.00 price objective (down from $16.00) on shares of CNH Industrial in a research report on Tuesday, August 4th. Finally, DA Davidson reiterated a “neutral” rating and set a $12.00 price target on shares of CNH Industrial in a research report on Wednesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, CNH Industrial presently has an average rating of “Hold” and an average target price of $12.72.

CNH Industrial Stock Performance

The company has a market cap of $16.37 billion, a P/E ratio of 52.86, a price-to-earnings-growth ratio of 2.08 and a beta of 1.17. The business has a 50 day moving average price of $10.86 and a two-hundred day moving average price of $10.92. The company has a debt-to-equity ratio of 3.33, a quick ratio of 10.16 and a current ratio of 12.23.

CNH Industrial (NYSE:CNH) last announced 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 firm had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.77 billion. CNH Industrial had a return on equity of 6.78% and a net margin of 1.71%.The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. On average, sell-side analysts anticipate that CNH Industrial N.V. will post 0.45 earnings per share for the current year.

Hedge Funds Weigh In On CNH Industrial

A number of hedge funds have recently modified their holdings of CNH. Corient Private Wealth LP increased its stake in shares of CNH Industrial by 146.3% during the second quarter. Corient Private Wealth LP now owns 148,264 shares of the company’s stock valued at $1,665,000 after buying an additional 88,077 shares during the period. California State Teachers Retirement System lifted its stake in CNH Industrial by 855.2% in the second quarter. California State Teachers Retirement System now owns 13,390,776 shares of the company’s stock worth $150,378,000 after acquiring an additional 11,988,857 shares during the period. Ameritas Advisory Services LLC purchased a new stake in CNH Industrial in the second quarter worth $104,000. Saudi Central Bank boosted its holdings in CNH Industrial by 88.7% in the second quarter. Saudi Central Bank now owns 60,785 shares of the company’s stock valued at $683,000 after acquiring an additional 28,581 shares in the last quarter. Finally, AlphaGrep UK Ltd bought a new stake in CNH Industrial in the second quarter valued at $130,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

CNH Industrial Company Profile

CNH Industrial N.V. is a global capital goods company specializing in the design, production and sale of agricultural and construction equipment, commercial vehicles and powertrain solutions. The firm operates through five core brands—Case IH and New Holland for agricultural machinery, Case and New Holland for construction equipment, Iveco for light, medium and heavy commercial vehicles, and FPT Industrial for engines and drivetrain components. Established in 2013 through the combination of Fiat Industrial and CNH Global, the company draws on a rich heritage of innovation dating back to pioneering landmarks in farm and construction machinery from the 19th century.

The company’s product portfolio encompasses tractors, combines, balers, excavators, backhoe loaders, trucks, vans and bespoke engines for marine, automotive and industrial markets.