NEW YORK ( TheStreet) -- CNH Global (NYSE: CNH) hit a new 52-week high Wednesday as it traded at $53.88 compared with its previous 52-Week high of $53.87. CNH Global is changing hands at $53.82 with 409,345 shares traded as of 2:36 p.m. ET. Average volume has been 334,200 shares over the past 30 days. CNH Global has a market cap of $12.3 billion and is part of the industrial goods sector and industrial industry. Shares are up 8% year to date as of the close of trading on Tuesday.

CNH Global N.V. engages in engineering, manufacturing, marketing, and distributing agricultural and construction equipment worldwide. The company operates through three segments: Agricultural Equipment, Construction Equipment, and Financial Services. The company has a P/E ratio of 25, below the average industrial industry P/E ratio of 27.5 and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates CNH Global as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full CNH Global Ratings Report.

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