CNH Industrial NV (NYSE: CNHI) is 4.52% higher on its value in year-to-date trading and has touched a low of $9.77 and a high of $15.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNHI stock was last observed hovering at around $12.85 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $12.73, the stock is 5.02% and 5.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.87 million and changing -0.93% at the moment leaves the stock 1.68% off its SMA200. CNHI registered -12.51% loss for a year compared to 6-month loss of 2.00%. The firm has a 50-day simple moving average (SMA 50) of $1.59 and a 200-day simple moving average (SMA200) of $8.49.
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The stock witnessed a 6.71% gain in the last 1 month and extending the period to 3 months gives it a 9.08%, and is 3.16% up 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 2.03% over the week and 2.47% over the month.
CNH Industrial NV (CNHI) has around 40220 employees, a market worth around $15.99B and $24.69B in sales. Current P/E ratio is 7.24 and Fwd P/E is 7.90. Profit margin for the company is 9.60%. Distance from 52-week low is 30.30% and -19.12% from its 52-week high. The company has generated returns on investments over the last 12 months (9.81%).
CNH Industrial NV quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $4.46B over the same period.The EPS is expected to shrink by -8.32% this year, but quarterly earnings will post -13.00% year-over-year. Quarterly sales are estimated to shrink -12.20% in year-over-year returns.
CNH Industrial NV (CNHI) Top Institutional Holders
666 institutions hold shares in CNH Industrial NV (CNHI), with institutional investors hold 94.17% of the company’s shares. The shares outstanding are 1.29B, and float is at 845.46M with Short Float at 3.58%. Institutions hold 66.25% 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.
