Stocks of CNH Industrial N.V. (NYSE:CNHI) traded higher last session on Wall Street, up 0.79% to $14.04.
According to the data, CNH Industrial N.V. (NYSE:CNHI) has 22 analysts covering its stock. 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 $15.50, we find $18.00. Given the previous closing price of $13.93, this indicates a potential upside of 29.22 percent. CNHI stock price is now -2.16% away from the 50-day moving average and -6.68% away from the 200-day moving average. The market capitalization of the company currently stands at $19.18B.
A total of 9 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $19.21 as their price target over the next twelve months.
With the price target of $31, Berenberg recently initiated with Buy rating for CNH Industrial N.V. (NYSE: CNHI).
Insiders disposed of 448,262 shares of company stock worth roughly $6.29 million over the past 1 year. A total of 27.25% 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 HRT FINANCIAL LP during the first quarter worth $76,794,000. VIKING GLOBAL INVESTORS LP invested $39,698,000 in shares of CNHI during the first quarter. In the first quarter, DAVIDSON KEMPNER PARTNERS acquired a new stake in CNH Industrial N.V. valued at approximately $33,177,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in CNHI for approximately $28,338,000. RHUMBLINE ADVISERS purchased a new stake in CNHI valued at around $14,676,000 in the second quarter. In total, there are 688 active investors with 54.82% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $13.92 for CNH Industrial N.V. (NYSE: CNHI). During the past 12 months, CNH Industrial N.V. has had a low of $10.89 and a high of $17.98. According to the stock market information, the enterprise value for the company is $40.61B, which is based on a 8.17 price-to-earnings ratio, a 0.90 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 $15.05 for the stock.
The latest earnings results from CNH Industrial N.V. (NYSE: CNHI) was released for Jun, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $0.47, beating analysts’ expectations of $0.44 by 0.03. This compares to $0.41 EPS in the same period last year. The net profit margin was 9.40% and return on equity was 33.20% for CNHI. The company reported revenue of $6.57 billion for the quarter, compared to $6.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.97 percent. For the current quarter, analysts expect CNHI to generate $5.57B in revenue.
In terms of dividend payout ratio, CNHI is presently at 22.10%.
CNH Industrial N.V.(CNHI) Company Profile
CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services. The Agriculture segment designs, manufactures, and distributes farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, combines, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, and material handling equipment. This segment sells its agricultural equipment under the New Holland Agriculture and Case IH brands. The Construction segment designs, manufactures, and distributes construction equipment comprising excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, and compact track loaders under the CASE Construction Equipment, New Holland Construction, and Eurocomach brands. The Financial Services segment offers retail note and lease financing to end-use customers for the purchase of new and used agricultural and construction equipment and components, as well as revolving charge account financing and other financial services. It also provides wholesale financing to CNH Industrial brand dealers and distributors; and trade receivables factoring services to CNH Industrial companies, as well as financial services to Iveco Group companies in the North America, South America, and Asia Pacific regions. The company was founded in 1842 and is headquartered in London, the United Kingdom.
