In the latest trading session, 2.78 million CNH Industrial N.V. (NYSE:CNHI) shares changed hands as the company’s beta touched 1.63. With the company’s most recent per share price at $12.71 changed hands at -$0.66 or -4.94% at last look, the market valuation stands at $17.42B. CNHI’s current price is a discount, trading about -41.46% off its 52-week high of $17.98. The share price had its 52-week low at $10.89, which suggests the last value was 14.32% up since then. When we look at CNH Industrial N.V.’s average trading volume, we note the 10-day average is 14.45 million shares, with the 3-month average coming to 7.62 million.
Analysts gave the CNH Industrial N.V. (CNHI) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 22 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 11 recommended CNHI as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. CNH Industrial N.V.’s EPS for the current quarter is expected to be $0.45.
CNH Industrial N.V. (NYSE:CNHI) trade information
Instantly CNHI was in red as seen in intraday trades today. With action -5.99%, the performance over the past five days has been red. The drop to weekly highs of 13.63 on Monday, 09/18/23 subtracted -4.94% to the stock’s daily price. The company’s shares are showing year-to-date downside of -20.86%, with the 5-day performance at -5.99% in the red. However, in the 30-day time frame, CNH Industrial N.V. (NYSE:CNHI) is -2.61% down. Looking at the short shares, we see there were 13.68 million shares sold at short interest cover period of 3.18 days.
The consensus price target for the stock as assigned by Wall Street analysts is $18.68, meaning bulls need an upside of 31.96% from its recent market value. According to analyst projections, CNHI’s forecast low is $14.00 with $31.00 as the target high. To hit the forecast high, the stock’s price needs a -143.9% plunge from its current level, while the stock would need to soar -10.15% for it to hit the projected low.
CNH Industrial N.V. (CNHI) estimates and forecasts
Data shows that the CNH Industrial N.V. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -9.99% over the past 6 months, a 21.92% in annual growth rate that is considerably higher than the industry average of 3.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for CNH Industrial N.V. will rise 9.80%, while the growth in revenue is estimated to hit 30.60% for the next quarter. Year-over-year growth is forecast to reach 2.00% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $6.04 billion. 9 analysts are of the opinion that CNH Industrial N.V.’s revenue for the quarter ending Dec 2023 will be $6.95 billion. The company’s revenue for the corresponding quarters a year ago was $5.2 billion and $6.94 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.10%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 38.30%. The 2023 estimates are for CNH Industrial N.V. earnings to increase by 14.90%, but the outlook for the next 5-year period is at 9.10% per year.
CNH Industrial N.V. is expected to release its next quarterly earnings report in October. The 3.13% annual yield figure for the share gives it an annual dividend of 0.40. It is important to note, however, that the 3.13% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
CNH Industrial N.V. (NYSE:CNHI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 27.25% of CNH Industrial N.V. shares while 54.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.35%. There are 54.82% institutions holding the CNH Industrial N.V. stock share, with Harris Associates L.P. the top institutional holder. As of Jun 29, 2023, the company held 8.45% of the shares, roughly 112.76 million CNHI shares worth $1.62 billion.
Amundi holds the second largest percentage of outstanding shares, with 2.86% or 38.12 million shares worth $549.0 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Oakmark International Fund and Artisan International Value Fund. With 39.98 million shares estimated at $575.69 million under it, the former controlled 3.00% of total outstanding shares. On the other hand, Artisan International Value Fund held about 1.82% of the shares, roughly 24.26 million shares worth around $349.41 million.