CNH Industrial NV (NYSE:CNHI) saw a downside of -0.41% to close Monday at $12.24 after subtracting -$0.05 on the day. The 5-day average trading volume is 5,979,260 shares of the company’s common stock. It has gained $13.20 in the past week and touched a new high 2 times within the past 5 days. An average of 9,687,426 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,746,538.
CNHI’s 1-month performance is -4.82% or -$0.76 on its low of $12.01 reached on 09/25/23. 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 -23.79% or -$3.82 and has reached a new high 9 times. However, the current price is down -31.92% 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 0.66 while the price-to-book (PB) in the most recent quarter is 2.18.
CNH Industrial NV’s quick ratio for the period ended June 29 was 4.22, with the current ratio over the same period at 5.27. 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 3.35. In terms of profitability, the gross margin trailing 12 months is 31.22%. The trailing 12-month EBITDA margin is 20.77% while for the period ending June 29, CNH Industrial NV’s operating margin was 19.73%. 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 $0.45 per share in earnings in its latest quarter, but it posted $0.49, representing a 8.90% 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 NV (CNHI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 24.37% to suggest the stock is trending oversold, with historical volatility in this time period at 33.10%.
The stock’s 5-day moving average is $12.53, reflecting a -8.45% or -$1.13 change from its current price. CNHI is currently trading -5.85% above its 20-day SMA, -13.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -18.18% and SMA200 by-24.30%.
Stochastic %K and %D was 4.82% and 4.95% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 29.43%, while the 14-day stochastic is at 11.73% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at -0.57 and -0.83 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for CNH Industrial NV (NYSE: CNHI), Evercore ISI downgraded it to an In-line rating. They previously had an Outperform rating on the stock. 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 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 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 $14.00 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 NV (CNHI) stock is $18.68.
