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Buy, Sell Or Hold CNH Industrial NV (NYSE:CNHI) At $11.95?

In recent trading session, CNH Industrial NV (NYSE:CNHI) saw 3.92 million shares changing hands at last check today with its beta currently measuring 1.66. Company’s recent per share price level of $11.95 trading at -$0.23 or -1.89% at last check today assigns it a market valuation of $15.90B. That most recent trading price of CNHI’s stock is at a discount of -42.76% from its 52-week high price of $17.06 and is indicating a premium of 18.24% from its 52-week low price of $9.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.01 million shares which gives us an average trading volume of 15.81 million if we extend that period to 3-months.

CNH Industrial NV (NYSE:CNHI) trade information

Upright in the red during last session for losing -1.89%, in the last five days CNHI remained trading in the red while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $11.95 price level, adding 4.93% to its value on the day. CNH Industrial NV’s shares saw a change of -1.89% in year-to-date performance and have moved -2.69% in past 5-day. CNH Industrial NV (NYSE:CNHI) showed a performance of 1.10% in past 30-days. Number of shares sold short was 30.23 million shares which calculate 1.85 days to cover the short interests.

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CNH Industrial NV (CNHI) estimates and forecasts

Statistics highlight that CNH Industrial NV is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -14.52% of value to its shares in past 6 months, showing an annual growth rate of 16.44% while that of industry is 1.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 19.40% in the current quarter and calculating -3.10% decrease in the next quarter. This year revenue growth is estimated to rise 0.20% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $6.66 billion for the same. And 4 analysts are in estimates of company making revenue of $4.74 billion in the next quarter that will end on Mar 2024. Company posted $6.94 billion and $5.08 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -4.10% while estimating it to be -6.70% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 49.57% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 17.90% while estimates for its earnings growth in next 5 years are of 7.40%.

CNHI Dividends

CNH Industrial NV is more likely to be releasing its next quarterly report on February 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

CNH Industrial NV (NYSE:CNHI)’s Major holders

Insiders are in possession of 27.22% of company’s total shares while institution are holding 49.27 percent of that, with stock having share float percentage of 67.70%. Investors also watch the number of corporate investors in a company very closely, which is 49.27% institutions for CNH Industrial NV that are currently holding shares of the company. Harris Associates L.P. is the top institutional holder at CNHI for having 112.76 million shares of worth $1.62 billion. And as of Jun 29, 2023, it was holding 8.45% of the company’s outstanding shares.

The second largest institutional holder is Amundi, which was holding about 38.12 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 2.86% of outstanding shares, having a total worth of $549.0 million.

On the other hand, Oakmark International Fund and Artisan International Value Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 39.98 million shares of worth $575.69 million or 3.00% of the total outstanding shares. The later fund manager was in possession of 24.26 million shares on Jun 29, 2023, making its stake of worth around $349.41 million in the company or a holder of 1.82% of company’s stock.

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