CNH Industrial N.V. (NYSE:CNHI) saw an upside of 0.46% to close Monday at $13.11 after adding $0.06 on the day. The 5-day average trading volume is 4,178,280 shares of the company’s common stock. It has gained $13.65 in the past week and touched a new high 1 time within the past 5 days. An average of 5,165,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,691,416.
CNHI’s 1-month performance is -14.59% or -$2.24 on its low of $12.88 reached on 08/18/23. The company’s shares have touched a 52-week low of $10.89 and high of $17.98, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, CNHI has lost -18.37% or -$2.95 and has reached a new high 9 times. However, the current price is down -27.09% from the 52-week high price.
Valuation Metrics
CNHI stock has a beta of 1.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.73 while the price-to-book (PB) in the most recent quarter is 2.34.
As well, the company’s long term debt to equity for the quarter ending June 29 was 3.32, while the total debt to equity was 3.32. In terms of profitability, the gross margin trailing 12 months is 30.40%. The trailing 12-month EBITDA margin is 20.77% while for the period ending June 29, CNH Industrial N.V.’s operating margin was 18.60%. The firm’s gross profit as reported stood at $6.75 billion against revenue of $23.55 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -144.05% to $706.0 million, while revenue of $482.0 million was 31.73% off the previous quarter. Analysts expected CNHI to announce $0.44 per share in earnings in its latest quarter, but it posted $0.48, representing a 9.10% surprise. EBITDA for the quarter stood at more than $1.49 billion. CNHI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 35.11 billion, with total debt at $25.17 billion. Shareholders hold equity totaling $1.33 billion.
Let’s look briefly at CNH Industrial N.V. (CNHI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 20.97% to suggest the stock is trending oversold, with historical volatility in this time period at 18.03%.
The stock’s 5-day moving average is $13.14, reflecting a -4.59% or -$0.63 change from its current price. CNHI is currently trading -16.12% above its 20-day SMA, -11.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.41% and SMA200 by+1.79%.
Stochastic %K and %D was 8.69% and 5.38% and the average true range (ATR) pointed at 0.29. The RSI (14) points at 28.40%, while the 14-day stochastic is at 13.61% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at -0.38 and -0.59 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CNH Industrial N.V. (NYSE: CNHI), Berenberg launched coverage with a Buy rating. Analysts offering their rating for CNHI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CNHI as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 10 have offered a “buy” rating.
What is CNHI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.50 and a high of $31.00, with their median price target at $18.00. Looking at these predictions, the average price target given by analysts is for CNH Industrial N.V. (CNHI) stock is $19.09.
