CNH Industrial NV (NYSE:CNH) Shares Plunges -6.35% In A Week – But Can It Keep Rising?

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In recent trading session, CNH Industrial NV (NYSE:CNH) saw 8.39 million shares changing hands at last check today with its beta currently measuring 1.55. Company’s recent per share price level of $10.55 trading at -$1.08 or -9.33% at last check today assigns it a market valuation of $13.22B. That most recent trading price of CNH’s stock is at a discount of -26.07% from its 52-week high price of $13.30 and is indicating a premium of 12.04% from its 52-week low price of $9.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.74 million shares which gives us an average trading volume of 11.12 million if we extend that period to 3-months.

For CNH Industrial NV (CNH), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.19. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.27 in the current quarter.

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CNH Industrial NV (NYSE:CNH) trade information

Upright in the red during last session for losing -9.33%, in the last five days CNH remained trading in the red while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $10.55 price level, adding 9.98% to its value on the day. CNH Industrial NV’s shares saw a change of -13.42% in year-to-date performance and have moved -6.35% in past 5-day. CNH Industrial NV (NYSE:CNH) showed a performance of -5.17% in past 30-days. Number of shares sold short was 49.03 million shares which calculate 3.17 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 14 to the stock, which implies a rise of 24.64% to its recent value today. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 19. It follows that stock’s current price would drop -4.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.27% for stock’s current value.

CNH Industrial NV (CNH) estimates and forecasts

Statistics highlight that CNH Industrial NV is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -8.46% of value to its shares in past 6 months, showing an annual growth rate of -21.76% while that of industry is -15.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -20.50% 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 4.58B for the same. And 8 analysts are in estimates of company making revenue of 5.19B in the next quarter. Company posted 5.91B and 6.79B of sales in current and next quarters respectively a year earlier.

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 17.48% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -23.52% while estimates for its earnings growth in next 5 years are of -8.55%.

CNH Dividends

CNH Industrial NV is more likely to be releasing its next quarterly report on 2024-Nov-08 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. With an annual yield of 4.46%, the share has a forward dividend of 0.47 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.93%.