In yesterday’s Wall Street session, CNH Industrial NV (NYSE:CNHI) shares traded at $12.10, down -1.39% from the previous session.
22 analysts cover CNH Industrial NV (NYSE:CNHI), according to research data. 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 $14.00, we find $18.00. Given the previous closing price of $12.27, this indicates a potential upside of 46.7 percent. CNHI stock price is now -11.40% away from the 50-day moving average and -18.23% away from the 200-day moving average. The market capitalization of the company currently stands at $16.15B.
The stock has received a hold rating from 11 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $18.62 as their price target over the next twelve months.
With the price target reduced from $16 to $14, Evercore ISI Downgraded its rating from Outperform to In-line for CNH Industrial NV (NYSE: CNHI).
Insiders disposed of 448,262 shares of company stock worth roughly $5.42 million over the past 1 year. A total of 30.23% 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 NV shares was purchased by GEODE CAPITAL MANAGEMENT, LLC during the first quarter worth $46,647,000. NUVEEN ASSET MANAGEMENT, LLC invested $33,652,000 in shares of CNHI during the first quarter. In the first quarter, D. E. SHAW & CO., INC. acquired a new stake in CNH Industrial NV valued at approximately $30,719,000. LIONTRUST INVESTMENT PARTNERS LLP acquired a new stake in CNHI for approximately $27,683,000. RHUMBLINE ADVISERS purchased a new stake in CNHI valued at around $12,648,000 in the second quarter. In total, there are 688 active investors with 44.50% ownership of the company’s stock.
On Friday morning CNH Industrial NV (NYSE: CNHI) stock kicked off with the opening price of $12.41. During the past 12 months, CNH Industrial NV has had a low of $10.96 and a high of $17.98. As of last week, the company has a debt-to-equity ratio of 3.35, a current ratio of 5.27, and a quick ratio of 4.22. According to the stock market information, the enterprise value for the company is $38.01B, which is based on a 7.02 price-to-earnings ratio, a 0.95 price-to-earnings-growth ratio, and a beta of 1.64. The fifty day moving average price for CNHI is $13.59 and a two-hundred day moving average price translates $14.78 for the stock.
The latest earnings results from CNH Industrial NV (NYSE: CNHI) was released for Jun, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.48 by 0.04. This compares to $0.41 EPS in the same period last year. The net profit margin was 9.44% and return on equity was 35.16% 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 $6.1B in revenue.
In terms of dividend payout ratio, CNHI is presently at 26.65%.
CNH Industrial NV(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.
