CNH Industrial N.V. (NYSE:CNHI):
Fitch Ratings assigns CNH Industrial a Long-Term Investment Grade Rating.
In the market the company is trading down since yesterday’s close of 12.02.
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. It also offers specialty vehicles for firefighting, defense, and other uses; engines, transmissions, and axles for its vehicles. The Agricultural Equipment segment provides farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, and material handling equipment. This segment offers its products under the New Holland Agriculture, Case IH Agriculture, Steyr, and Miller brand names. The Construction Equipment segment offers excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, and telehandlers, under the New Holland Construction and Case Construction brand names. The Commercial Vehicles segment provides light, medium, and heavy vehicles for the transportation and distribution of goods under the Iveco brand name; commuter buses and touring coaches under the Iveco Bus and Heuliez Bus brand names; quarry and mining equipment under the Iveco Astra name; and firefighting vehicles under the Magirus brand name, as well as vehicles for civil defense and peace-keeping missions under the Iveco Defence Vehicles brand name. The Powertrain segment offers propulsion and transmission systems and axles for on-and off-road applications, as well as engines for marine application and power generation through the FPT Industrial brand. The Financial Services segment provides and administers retail financing to customers for the purchase or lease of new and used industrial equipment or vehicles, and other equipment; and wholesale financing, which consists primarily of floor plan financing to CNH Industrial dealers. CNH Industrial N.V. is based in London, the United Kingdom..
Company shares last traded at $11.98 slightly over $11.84, the stock’s 50 day moving average and just above the 200 day moving average of $11.35. The 50 day moving average went up $0.14 or +1.20% and the 200 day average moved up $0.63.
The company’s P/E ratio is 38.65 and the market cap of the company is 16.34B. As of the last earnings report the EPS was $0.31 and is projected to be $0.46 for the current year with 1,364,122,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.15 with next year’s EPS anticipated to be $0.57.
Investors are a little more bearish on shares of the company recently as evidenced by the motion in short interest. The stock saw a rise in short interest of 12.22% between September 15, 2017 and September 29, 2017. Short interest grew from 7,446,865 to 8,356,595 over that period. Days to cover increased 6.0 to 14.0 and the short interest percentage is 0.01% as of September 29.