CNH Industrial N.V. (NYSE:CNHI) traded at $15.66 at close of the session on Tuesday, 11/22/22, made an upward move of 2.29% on its previous day’s price.
Looking at the stock we see that its previous close was $15.31 and the beta (5Y monthly) reads 1.69 with the day’s price range being $15.445 – $15.66. The company has a trailing 12-month PE ratio of 12.22. In terms of its 52-week price range, CNHI has a high of $17.21 and a low of $10.60. The company’s stock has gained about 25.38% over that past 30 days.
CNH Industrial N.V. has a market cap of $20.86 billion. With its Forward Dividend at 0.30 and a yield of 1.93%, the company’s investors could be anxious for the CNHI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.32, with the EPS growth for the year raised at $1.35 for 2022 and $1.47 for next year. These figures represent 8.90% and 8.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.14 billion, with a low of $4.64 billion and a high of $5.33 billion. The median projection represents growth adding up to -26.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $20.75 billion, or -32.50% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CNHI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the CNH Industrial N.V. (CNHI) stock as a Hold, while 10 rate it as a Buy. 4 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CNHI stock currently stands at 1.67, and the current price level is 12.24% off its SMA20 and 23.09% from its 50-day simple moving average. The RSI (14) is pointing at 75.70 while the volatility over the past week is 1.54% and jumps to 2.29% over the past one month. The beta value is 1.67, while the average true range (ATR) is currently pointing at 0.40. The average price target for the stock over the next 12 months is $17.09, with the estimates having a low of $14.19 and a high of $19.55. These price ends are 9.39% and -24.84% off the current price level respectively, although investors could be excited at the prospect of a -8.56% if the CNHI share price touches on the median price of $17.00.
Let’s briefly compare CNH Industrial N.V. (CNHI) stock to its peers. We find that current price change of 2.29% and -0.44% over the past 12 months for CNHI competes that of Caterpillar Inc. (CAT), which has seen its stock price rise 2.19% in the last trading session and was 17.23% over the last one year. Another of its peers AGCO Corporation (AGCO) has gained 2.44% previous session, and was 9.36% up over the past year, while Deere & Company (DE) was also up 1.18% in the last session, while its price remained in the green at 19.30% over the same period. CNH Industrial N.V. has a P/E ratio of 12.22 compared to Caterpillar Inc.’s 17.33 and AGCO Corporation’s 11.27. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.
Coming back to CNH Industrial N.V. (NYSE:CNHI), we note that the average 3-month trading volume was 4.03 million, while that of the preceding 10-day period stands at 4.43 million. Current shares outstanding are 1.35 billion.
The insiders hold 27.09% of the company’s shares while institutions hold 51.57%. The data shows that short shares as of Oct 13, 2022, stood at 17.85 million at a short ratio of 4.51. This represents a 1.32% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 17.05 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -7.77% down in year-to-date price movement.