In yesterday’s Wall Street session, CNH Industrial N.V. (NYSE:CNHI) shares traded at $14.00, down -0.07% from the previous session.
As of this writing, 24 analysts cover CNH Industrial N.V. (NYSE:CNHI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $31.00 and a low of $16.51, we find $19.57. Given the previous closing price of $14.01, this indicates a potential upside of 39.69 percent. CNHI stock price is now -2.81% away from the 50-day moving average and -3.26% away from the 200-day moving average. The market capitalization of the company currently stands at $19.04B.
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There are 10 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $19.89 as their price target over the next twelve months.
A total of 27.15% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CNHI stock. A new stake in CNH Industrial N.V. shares was purchased by PERPETUAL LTD during the first quarter worth $362,775,000. HRT FINANCIAL LP invested $76,575,000 in shares of CNHI during the first quarter. In the first quarter, VIKING GLOBAL INVESTORS LP acquired a new stake in CNH Industrial N.V. valued at approximately $39,585,000. DAVIDSON KEMPNER PARTNERS acquired a new stake in CNHI for approximately $33,083,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in CNHI valued at around $28,257,000 in the second quarter. In total, there are 673 active investors with 50.40% ownership of the company’s stock.
Friday morning saw CNH Industrial N.V. (NYSE: CNHI) opened at $14.42. During the past 12 months, CNH Industrial N.V. has had a low of $10.60 and a high of $17.98. According to the stock market information, the enterprise value for the company is $37.81B, which is based on a 8.75 price-to-earnings ratio, a 0.93 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for CNHI is $14.36 and a two-hundred day moving average price translates $14.48 for the stock.
The latest earnings results from CNH Industrial N.V. (NYSE: CNHI) was released for Mar, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.32 by 0.03. This compares to $0.25 EPS in the same period last year. The net profit margin was 9.00% and return on equity was 33.00% for CNHI. The company reported revenue of $5.34 billion for the quarter, compared to $4.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.01 percent. For the current quarter, analysts expect CNHI to generate $6.53B in revenue.
In terms of dividend payout ratio, CNHI is presently at 23.80%.
CNH Industrial N.V.(CNHI) Company Profile
CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through three segments: Agriculture, Construction, and Financial. The Agriculture segment provides farm machinery and implements that include two-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 under the New Holland Agriculture, Case IH, STEYR, Miller, Kongskilde, Överum, K-Line, and JF brands. The Construction segment offers excavators, crawler dozers, graders, wheel and backhoe loaders, and skid steer and compact track loaders under the CASE Construction and New Holland Construction brands. 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; wholesale financing, which primarily consists of floor plan financing; and trade receivables factoring services. The company was founded in 1842 and is headquartered in London, the United Kingdom.
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