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.

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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.