CNH Industrial (NYSE:CNH) Sets New 12-Month High – Time to Buy?

CNH Industrial N.V. (NYSE:CNH) hit a new 52-week high on Tuesday . The company traded as high as $14.46 and last traded at $14.0230, with a volume of 26022660 shares. The stock had previously closed at $14.40.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated a “market perform” rating on shares of CNH Industrial in a research report on Tuesday, August 4th. Citigroup boosted their price objective on shares of CNH Industrial from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. BMO Capital Markets upped their price objective on CNH Industrial from $11.00 to $12.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price objective on CNH Industrial from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Finally, 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. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CNH Industrial has a consensus rating of “Hold” and an average price target of $13.10.

CNH Industrial Stock Up 2.2%

The company has a market cap of $17.20 billion, a P/E ratio of 55.58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.17. The company has a current ratio of 12.23, a quick ratio of 10.16 and a debt-to-equity ratio of 3.33. The firm’s 50 day moving average price is $11.21 and its 200-day moving average price is $10.97.

CNH Industrial (NYSE:CNH) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. CNH Industrial had a net margin of 1.71% and a return on equity of 6.78%. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.77 billion. During the same period in the previous year, the firm posted $0.17 earnings per share. CNH Industrial’s revenue for the quarter was up 2.0% compared to the same quarter last year. CNH Industrial has set its FY 2026 guidance at 0.410-0.460 EPS. As a group, equities research analysts expect that CNH Industrial N.V. will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Pension Service bought a new stake in CNH Industrial during the 4th quarter worth approximately $2,620,000. Sei Investments Co. raised its holdings in CNH Industrial by 61.3% during the 1st quarter. Sei Investments Co. now owns 4,666,201 shares of the company’s stock worth $51,330,000 after buying an additional 1,774,178 shares during the period. BNP Paribas Financial Markets lifted its stake in CNH Industrial by 5.3% in the fourth quarter. BNP Paribas Financial Markets now owns 7,108,081 shares of the company’s stock valued at $65,537,000 after buying an additional 360,898 shares in the last quarter. Gabelli Funds LLC lifted its stake in CNH Industrial by 1.4% in the fourth quarter. Gabelli Funds LLC now owns 7,064,650 shares of the company’s stock valued at $65,136,000 after buying an additional 97,505 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of CNH Industrial by 97.0% in the fourth quarter. Handelsbanken Fonder AB now owns 1,641,887 shares of the company’s stock valued at $15,138,000 after buying an additional 808,639 shares during the period. 59.88% of the stock is currently owned by institutional investors.

About CNH Industrial

CNH Industrial N.V. (NYSE:CNH) is a global manufacturer of agricultural and construction equipment. The company develops, produces and sells machinery, technology and related services for farming, infrastructure development, road building and other industrial applications.

Its agricultural portfolio includes tractors, combines, harvesters, seeding and planting equipment, hay and forage machinery, sprayers and precision-agriculture technologies. Key agricultural brands include Case IH, New Holland Agriculture and STEYR, while the company’s precision-technology offerings include products and solutions associated with Raven Industries.

CNH’s construction business offers equipment such as excavators, wheel loaders, dozers, graders, skid steers and compact track loaders through brands including CASE Construction Equipment and New Holland Construction.