CNH Industrial NV (NYSE:CNHI) Short Interest Up 6.4% in November
CNH Industrial NV (NYSE:CNHI) was the recipient of a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 9,780,000 shares, an increase of 6.4% from the November 14th total of 9,190,000 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,960,000 shares, the days-to-cover ratio is currently 5.0 days.
Shares of CNHI traded up $0.18 during mid-day trading on Friday, reaching $10.91. 1,610,351 shares of the company’s stock traded hands, compared to its average volume of 1,820,769. The company has a debt-to-equity ratio of 3.90, a quick ratio of 4.46 and a current ratio of 6.03. The business’s 50-day moving average price is $10.93 and its 200-day moving average price is $10.23. The stock has a market capitalization of $14.24 billion, a P/E ratio of 12.23 and a beta of 1.36. CNH Industrial has a 12 month low of $8.41 and a 12 month high of $11.99.
CNH Industrial (NYSE:CNHI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.50 billion. CNH Industrial had a return on equity of 21.02% and a net margin of 5.46%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Equities research analysts anticipate that CNH Industrial will post 0.85 EPS for the current year.
CNHI has been the topic of several analyst reports. UBS Group increased their target price on CNH Industrial from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. ValuEngine lowered shares of CNH Industrial from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Stephens set a $10.00 price objective on shares of CNH Industrial and gave the stock a “hold” rating in a report on Thursday, August 29th. Finally, Morgan Stanley raised shares of CNH Industrial from an “equal weight” rating to an “overweight” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. CNH Industrial has a consensus rating of “Hold” and an average price target of $11.50.
CNH Industrial Company Profile
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company operates in five segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
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