As of Wednesday close, CNH Industrial N.V.’s (NYSE:CNHI) stock was up $0.24, moving up 1.77 percent to $13.81. The average number of shares traded per day over the past five days has been 3,732,500 shares. 5 times new highs have been achieved over the past 5 days, with a $0.75 gain in that time frame. In the last twenty days, the average volume was 3,969,100, while in the previous 50 days, it was 6,423,014.
Since last month, CNHI stock retreated -5.15%. Shares of the company fell to $12.82 on 08/25/23, the lowest level in the past month. A 52-week high of $17.98 was reached on 02/01/23 after having rallying from a 52-week low of $10.89. Since the beginning of this year, CNHI’s stock price has dropped by -14.01% or -$2.25, and marked a new high 9 times. However, the stock has declined by -23.19% since its 52-week high.
Valuation Metrics
Right now, CNH Industrial N.V. (CNHI) has a P/E ratio of about 8.04. The stock’s beta is 1.64. Besides these, the trailing price-to-sales (P/S) ratio of 0.76, the price-to-book (PB) ratio of 2.46.
The latest dividend of $0.3861 per share was paid out, which is 25.68% more than last year’s $0.3072. On Saturday April 22 2023, a $0.0789 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.32, and the total debt-to-equity ratio was 3.32. On the profitability front, the trailing twelve-month gross margin is 30.40% percent. In the year ended June 29, EBITDA margin amounted to 20.77%, whereas operating margins totaled 18.60%. Based on annual data, CNHI earned $6.75 billion in gross profit and brought in $23.55 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.20%. Return on equity (ROE) for the past 12 months was 33.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CNHI’s revenue fell -409.03% to $5.34 billion during the quarter, while net income inched up to $6.57 billion. While analysts expected CNH Industrial N.V. to report $0.48 quarterly earnings, the actual figure was $0.52 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated $1.49 billion in EBITDA. The liabilities of CNH Industrial N.V. were 35.11 billion at the end of its most recent quarter ended June 29, and its total debt was $25.17 billion. The value of shareholders’ equity is $1.33 billion.
Technical Picture
This quick technical analysis looks at CNH Industrial N.V.’s (CNHI) price momentum. With a historical volatility rate of 21.79%, the RSI 9-day stood at 60.31% on 30 August.
With respect to its five-day moving average, the current CNH Industrial N.V. price is up by +5.74% percent or $0.75. At present, CNHI shares trade -4.16% below its 20-day simple moving average and -0.36% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.43% below its SMA50 and -6.44% below its SMA200.
Stochastic coefficient K was 57.77% and Stochastic coefficient D was 35.66%, while ATR was 0.28. Given the Stochastic reading of 86.03% for the 14-day period, the RSI (14) reading has been calculated as 52.26%. As of today, the MACD Oscillator reading stands at 0.37, while the 14-day reading stands at 0.28.
Analyst Ratings
Berenberg launched its rating on CNH Industrial N.V. (NYSE: CNHI) to a Buy in a note to investors on January 27, 2023. CNH Industrial N.V. (CNHI) has been rated Overweight by analysts. According to 0 brokerage firms, CNHI is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate CNH Industrial N.V. stock as buy, with 10 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $15.50 – $31.00. Based on these forecasts, analysts predict CNH Industrial N.V. (CNHI) will achieve an average price target of $19.09.
