Why CNH Industrial NV (CNHI) Stock Could See Much Higher Prices Ahead

CNH Industrial NV (NYSE: CNHI) is -0.74% lower on its value in year-to-date trading and has touched a low of $9.77 and a high of $17.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNHI stock was last observed hovering at around $12.18 in the last trading session, with the day’s loss setting it -0.09%.

Currently trading at $12.09, the stock is 1.44% and 3.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.23 million and changing -0.74% at the moment leaves the stock -5.26% off its SMA200. CNHI registered -24.58% loss for a year compared to 6-month loss of -13.52%. The firm has a 50-day simple moving average (SMA 50) of $1.52 and a 200-day simple moving average (SMA200) of $8.25.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

The stock witnessed a 2.28% gain in the last 1 month and extending the period to 3 months gives it a 17.95%, and is -1.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.41% over the week and 2.18% over the month.

CNH Industrial NV (CNHI) has around Apr 24 2023 employees, a market worth around $16.09B and $24.85B in sales. Current P/E ratio is 6.99 and Fwd P/E is 7.91. Profit margin for the company is 9.45%. Distance from 52-week low is 23.75% and -29.11% from its 52-week high. The company has generated returns on investments over the last 12 months (7.12%).

CNH Industrial NV quarterly earnings per share for the current quarter are estimated at $0.43 with sales reaching $6.66B over the same period.The EPS is expected to grow by 17.48% this year, but quarterly earnings will post 0.20% year-over-year. Quarterly sales are estimated to shrink -4.10% in year-over-year returns.

CNH Industrial NV (CNHI) Top Institutional Holders

661 institutions hold shares in CNH Industrial NV (CNHI), with institutional investors hold 67.62% of the company’s shares. The shares outstanding are 1.34B, and float is at 895.42M with Short Float at 3.18%. Institutions hold 49.32% of the Float.

The top institutional shareholder in the company is Harris Associates L.P. with over 112.76 million shares valued at $1.62 billion. The investor’s holdings represent 8.45% of the CNHI Shares outstanding. As of Jun 29, 2023, the second largest holder is Amundi with 38.12 million shares valued at $549.0 million to account for 2.86% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 36.93 million shares representing 2.77% and valued at over $531.77 million, while Bank of Italy holds 1.66% of the shares totaling 22.11 million with a market value of $267.5 million.

CNH Industrial NV (CNHI) Insider Activity

A total of 0 insider transactions have happened at CNH Industrial NV (CNHI) in the last six months, with sales accounting for 0 and purchases happening 0 times.

CNH Industrial NV (CNHI): Who are the competitors?

The company’s main competitors (and peers) include Caterpillar Inc. (CAT) that is trading 27.81% up over the past 12 months. AGCO Corp. (AGCO) that is -16.75% lower over the same period.