CNH Industrial share price on November 26, 2025
CNH Industrial N.V. (NYSE: CNH) traded lower on Wednesday, giving back part of its recent rebound as fresh sector worries offset a string of supportive headlines.
According to exchange data, CNH shares closed at $9.47 on November 26, 2025, down about 2.6% on the day. The stock traded between $9.36 and $9.60 with volume of roughly 12.5 million shares, slightly below its recent average in the mid‑teens millions. [1]
Over the past year, CNH has slipped roughly 20–23%, leaving the stock close to its 52‑week low near $9.00 and well below the 52‑week high around $14.27. [2]
That weak price action comes despite the company remaining firmly investment‑grade, continuing to launch new machines under its Case IH and New Holland brands, and still carrying a “Buy / Moderate Buy” consensus rating on Wall Street. [3]
1. Fresh November 26 news that matters for CNH stock
1.1 Swiss National Bank and insiders add to CNH positions
A new report from MarketBeat on November 26, 2025 highlights that the Swiss National Bank (SNB) has increased its stake in CNH Industrial by 7.3% in the latest reported quarter. SNB now holds about 2.64 million CNH shares, roughly 0.21% of the company, valued at around $34.3 million at the time of the filing. [4]
The same article notes notable insider buying:
- Suzanne Heywood, a director and key figure in the company’s controlling shareholder Exor group, bought 52,522 shares at an average price of $9.52 (about $500,000).
- Director Vagn O. Sørensen acquired 10,385 shares at an average price of $9.62, spending just under $100,000.
In total, insiders acquired roughly 73,000 CNH shares in the latest quarter, with corporate insiders owning about 1% of the stock. [5]
For equity investors, this combination of institutional accumulation and board‑level insider purchases is often read as a vote of confidence in the medium‑term story, even if it does not guarantee short‑term price gains.
MarketBeat also reiterates that analysts’ consensus rating on CNH is “Moderate Buy”, with an average price target around $13.7 per share – implying upside of roughly 40–45% versus today’s sub‑$10 price level. [6]
1.2 Zacks: Farm equipment industry still in a tough part of the cycle
A Zacks article published on November 26, 2025, “2 Farm Equipment Stocks Worth Watching Amid Industry Challenges”, doesn’t single out CNH as a top pick but provides important industry context for its stock. [7]
Key points from the report:
- The Manufacturing – Farm Equipment group is stuck in a difficult near‑term environment, with weak commodity prices and rising production costs pressuring farmers’ cash flows and delaying equipment purchases.
- Despite this, the article highlights that long‑term demand for agricultural machinery is supported by population growth, food security concerns and labor shortages, which drive increasing mechanization worldwide.
- CNH Industrial, alongside Deere and Kubota, is referenced as one of the three largest global agricultural equipment manufacturers, underlining its strategic position in the sector. [8]
Zacks’ industry ranking places farm equipment in the bottom 10% of all industries it tracks, reflecting muted near‑term prospects even for strong franchises like CNH. [9]
For CNH shareholders, that helps explain why a business with globally recognized brands and ongoing innovation is still trading close to its lows: the cycle is working against it.
1.3 Deere’s weak outlook weighs on the whole farm machinery space
Today’s move in CNH also has a clear read‑across from Deere & Co.
Deere’s new profit outlook for the coming fiscal year, released on November 26, 2025, fell short of Wall Street expectations, reinforcing the view that a farm recovery remains elusive as lower crop prices and cautious farmers weigh on demand. [10]
Deere is widely seen as the bellwether for the sector. When it warns on demand, investors frequently mark down peers like CNH Industrial as well. Today’s ~2.6% drop in CNH fits that pattern, coming despite company‑specific positives such as insider buying and balance‑sheet moves.
1.4 Refinancing and redeeming debt: 2033 bonds close, 2026 notes to be called
Although the announcements are a few days old, CNH’s latest debt management steps remain front‑of‑mind for the market this week because:
- The closing of a new long‑dated bond is expected on November 26, 2025. [11]
€500 million notes due 2033
On November 20, 2025, CNH announced it had successfully priced €500 million of 3.625% notes due January 26, 2033 under its Euro Medium Term Note Programme. The issue was priced at 98.984% of par, with net proceeds earmarked for general corporate purposes, including debt repayment. The notes are to be listed on the Global Exchange Market of Euronext Dublin, and the company guided that closing was expected on November 26. [12]
Redemption of 1.875% notes due 2026
Two business days later, on November 24, 2025, CNH announced that its subsidiary CNH Industrial Finance Europe S.A. will redeem all outstanding 1.875% notes due January 19, 2026 on December 29, 2025, at par plus accrued interest. [13]
Taken together, these moves:
- Extend CNH’s debt maturity profile (adding a 2033 line),
- Remove a 2026 maturity overhang, and
- Signal that the company still enjoys good access to euro debt markets despite the tougher cycle and a recent credit rating downgrade at its captive finance arm (see section 2).
For equity holders, a smooth funding profile reduces refinancing risk—important in a capital‑intensive, cyclical business like agricultural machinery.
1.5 New Case IH and New Holland machines highlight product momentum
Several trade‑press stories dated November 26, 2025 focus on new equipment launches from CNH’s core agricultural brands:
- Case IH unveiled a “power and precision” line‑up for the LAMMA 2026 show, centered on the latest Optum tractors designed to deliver high horsepower in a compact, versatile package. The announcement, from Basildon and dated November 26, underscores CNH’s push into more efficient, technology‑rich tractors for European farmers. [14]
- New Holland Agriculture detailed upgrades to its Braud 9.80N grape harvester and related narrow‑vineyard straddle tractors, including a new front axle to improve terrain compensation and stability in tight rows—aimed squarely at high‑value vineyard operations. [15]
These launches build on earlier November headlines that CNH’s Case IH and New Holland brands secured multiple “Farm Machine of the Year 2026” awards. [16]
While such product news doesn’t always move the stock immediately, it:
- Reinforces CNH’s innovation narrative,
- Supports the long‑term precision agriculture theme highlighted by Zacks, [17]
- And can help the company defend margins when farmers eventually re‑enter the replacement cycle.
1.6 ESG and geopolitical risk: CNH appears on West Bank activity list
A separate Dutch press report published November 26, 2025 may catch the eye of ESG‑focused investors. The European‑Palestinian NGO coalition Don’t Buy Into Occupation (DBIO) released its annual list of companies still involved in business activity in the Israeli‑occupied West Bank. The list includes CNH Industrial, alongside other well‑known European firms such as Booking.com. [18]
The article doesn’t detail the precise nature or scale of CNH’s operations in the region, but inclusion on such lists can:
- Increase reputational risk,
- Invite shareholder questions around human‑rights policies, and
- Potentially feed into ESG screens used by institutional investors.
So far there is no sign of a direct market reaction to this story, but it represents a non‑financial risk factor that some investors will monitor.
1.7 Market‑research spotlight: Telehandler demand
A new market‑research report released on November 26, 2025, covering the global telehandler market through 2032, names CNH Industrial among the key players expected to benefit from growth in the segment. [19]
Telehandlers are important bridging products between CNH’s agricultural and construction businesses. While the report is more promotional than fundamental, it reinforces the idea that CNH is well‑placed in several adjacent equipment niches, not just row‑crop tractors and combines.
2. How today’s headlines fit into CNH’s 2025 story
2.1 Q3 2025 results and guidance cut still hang over the stock
Much of the pressure on CNH shares predates today’s trading session and stems from the company’s third‑quarter 2025 results, released on November 7.
Key takeaways from CNH’s Q3 report and subsequent coverage: [20]
- Revenue of about $4.4 billion fell roughly 5% year‑on‑year, as CNH deliberately scaled back production of tractors and combines to avoid a glut at dealers facing soft demand.
- Adjusted profit came in below analyst expectations, and the company cut its full‑year 2025 earnings guidance, trimming expected adjusted EPS to roughly $0.44–$0.50 from a prior $0.50–$0.70 range.
- Management highlighted sluggish farm machinery demand, dealers working through elevated inventory, and the impact of expanded U.S. steel and aluminum tariffs as key headwinds. [21]
- The stock fell more than 7% on the day of the announcement, and has remained under pressure since, with heavy trading volumes around the results. [22]
Today’s move therefore comes against a backdrop where investors are already cautious about the 2025–26 earnings trajectory.
2.2 Credit rating pressure at the captive finance arm
On November 17, 2025, Fitch Ratings downgraded CNH Industrial Capital LLC and its Canadian unit from ‘BBB+’ to ‘BBB’ on their long‑term issuer and senior unsecured ratings, while affirming short‑term ratings at ‘F2’ and keeping the outlook stable. [23]
Fitch cited:
- The cyclical nature of agricultural and construction lending,
- Higher leverage at the finance arm, and
- The weaker operating environment for CNH’s core markets.
The downgrade keeps CNH’s finance arm comfortably investment‑grade, but it increases the cost of funding at the margin and underscores why CNH is actively refinancing and extending its debt maturities in late 2025 via the new 2033 euro bond and the redemption of 2026 notes.
For equity investors, that credit action is part of the reason the share price has struggled to recover despite insider and central‑bank buying.
2.3 Valuation and analyst views after the pullback
Even after today’s decline, CNH Industrial still commands a mid‑teens to low‑20s P/E multiple on trailing earnings, depending on the data source, with a forward P/E around 20 and a market capitalization near $12 billion. [24]
Other key valuation and trading metrics:
- Dividend: About $0.25 per share annually, for a yield in the 2.5–2.7% range at current prices. [25]
- Average daily volume: Around 16–17 million shares, vs. about 12.5 million traded today. [26]
- Beta near 1.4, implying somewhat higher volatility than the broader equity market. [27]
Sell‑side sentiment is mixed but tilted positive:
- MarketBeat and other aggregators show a “Moderate Buy” / “Buy” consensus, with roughly one Strong Buy, multiple Buys, several Holds and one Sell, and an average target price around $13.7. [28]
- A fresh Seeking Alpha piece published this week argues that while CNH has made clear operational progress and reset costs, the stock already discounts much of the recovery, limiting near‑term upside unless the farm cycle improves faster than expected. [29]
In other words, valuation is no longer stretched, but the market still wants clearer signs that earnings and margins have bottomed.
3. What today’s developments could mean for CNH investors
This article is news and analysis, not investment advice. That said, here’s how many market participants may read today’s CNH headlines:
3.1 Signals of confidence vs. macro reality
- Positive signals:
- Swiss National Bank increasing its stake,
- Board‑level insider purchases, and
- Continued product innovation in Case IH and New Holland suggest that both sophisticated investors and management are willing to commit capital at roughly current prices. [30]
- Counter‑weight: Deere’s cautious outlook and Zacks’ low industry ranking remind the market that CNH still operates in a weak demand environment with limited near‑term visibility. [31]
The tug‑of‑war between those forces helps explain why the stock is drifting near its lows instead of responding more strongly to insider and institutional buying.
3.2 Balance sheet resilience matters more in this phase of the cycle
The November bond issue and 2026 note redemption show CNH using its investment‑grade status to push out maturities and tidy up near‑term obligations. [32]
Combined with:
- The still‑solid liquidity position described in recent filings, and
- The fact that the finance arm remains BBB‑rated and fully funded, [33]
many analysts see balance‑sheet risk as manageable, even if profitability stays under pressure into 2026.
3.3 Watch points going forward
Investors following CNH Industrial from here will likely focus on:
- Farm income and commodity trends
Any stabilization or rebound in farm incomes and crop prices could accelerate equipment replacement and support order books for CNH, Deere and peers. [34] - Margin recovery vs. pricing pressure
Q3 showed CNH willing to sacrifice volume to protect pricing and dealer health. The key question is whether mix, pricing and cost cuts can restore margins before the cycle turns sharply down. [35] - Credit ratings and funding costs
Further downgrades at CNH Industrial Capital or materially higher funding spreads could chip away at profitability and constrain future growth investments. [36] - ESG and geopolitical scrutiny
Inclusion on NGO lists related to West Bank activity may prompt more detailed disclosure requests from ESG‑oriented shareholders and could, over time, influence portfolio decisions at large institutions. [37] - Execution on innovation roadmap
Tech‑heavy machines, autonomy and precision farming systems remain central to CNH’s long‑term equity story. The company’s recent Tech Day and ongoing stream of product upgrades will be judged on whether they translate into pricing power and share gains once the cycle turns. [38]
4. Bottom line: CNH on November 26, 2025
On November 26, 2025, CNH Industrial’s stock sits near its 52‑week low, closing around $9.47 after a 2–3% daily drop, even as:
- A major central bank and company insiders add to their positions, [39]
- The company refinances its debt stack and prepares to call near‑term notes, [40]
- Case IH and New Holland continue to roll out new high‑spec machinery, [41]
- And analysts maintain a Buy‑leaning consensus with price targets well above the current quote. [42]
At the same time, weak farm demand, a recent guidance cut, and rating pressure at the finance arm—plus fresh caution from Deere—justify at least some of the market’s skepticism. [43]
For now, CNH Industrial looks like a stock where long‑term strategic positioning and supportive insider signals are in direct tension with a tough macro cycle and credit overhang—a setup that tends to keep volatility high and short‑term timing tricky.
This article is for informational purposes only and does not constitute investment, legal or tax advice. Always do your own research or consult a licensed financial advisor before making investment decisions.
References
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