why CNH Industrial N.V. [CNHI] is a Good Choice for Investors After New Price Target of $15.34

CNH Industrial N.V. [NYSE: CNHI] stock went on a downward path that fall over -1.12% on Wednesday, amounting to a one-week price decrease of less than -5.88%. The company report on October 12, 2022 that CNH Industrial: Periodic Report on the Buyback Program.


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London, October 12, 2022.

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that under a first tranche of $50 million share buyback (the “Tranche”) in the framework of its $300 million common share buyback program, the Company completed transactions during the period October 3 – October 7, reported in aggregate, based on automatic orders placed with the Company’s broker (who has made its trading decisions as to the timing of the purchases independently of the Company and on the basis of instructions given before the commencement of the Company’s closed period under the applicable regulations) as follows:.

Over the last 12 months, CNHI stock dropped by -18.52%. The one-year CNH Industrial N.V. stock forecast points to a potential upside of 24.9. The average equity rating for CNHI stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $16.20 billion, with 1.35 billion shares outstanding and 994.79 million shares in the current float. Compared to the average trading volume of 3.33M shares, CNHI stock reached a trading volume of 3541207 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on CNH Industrial N.V. [CNHI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNHI shares is $15.34 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNHI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for CNH Industrial N.V. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 28, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on February 18, 2022, representing the official price target for CNH Industrial N.V. stock. Previously, the target price had yet another raise to $19, while Barclays analysts kept a Overweight rating on CNHI stock.

The Average True Range (ATR) for CNH Industrial N.V. is set at 0.40, with the Price to Sales ratio for CNHI stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 2.70, with the Price to Cash per share for the same quarter was set at 2.03. Price to Free Cash Flow for CNHI in the course of the last twelve months was 33.55.

CNHI Stock Performance Analysis:

CNH Industrial N.V. [CNHI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.88. With this latest performance, CNHI shares dropped by -6.11% in over the last four-week period, additionally sinking by -25.10% over the last 6 months – not to mention a drop of -18.52% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNHI stock in for the last two-week period is set at 44.78, with the RSI for the last a single of trading hit 43.39, and the three-weeks RSI is set at 45.44 for CNH Industrial N.V. [CNHI]. The present Moving Average for the last 50 days of trading for this stock 12.20, while it was recorded at 11.78 for the last single week of trading, and 13.95 for the last 200 days.

Insight into CNH Industrial N.V. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and CNH Industrial N.V. [CNHI] shares currently have an operating margin of +11.49 and a Gross Margin at +21.67. CNH Industrial N.V.’s Net Margin is presently recorded at +5.15.

Return on Equity for this stock inclined to 29.49, with Return on Assets sitting at 3.51.

CNHI Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNHI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CNH Industrial N.V. go to 9.00%.

CNH Industrial N.V. [CNHI] Insider Position Details

There are presently around $6,136 million, or 51.09% of CNHI stock, in the hands of institutional investors. The top three institutional holders of CNHI stocks are: HARRIS ASSOCIATES L P with ownership of 96,534,929, which is approximately 4.568% of the company’s market cap and around 27.09% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 42,964,699 shares of the stock with an approximate value of $494.95 million in CNHI stocks shares; and AMUNDI, currently with $422.79 million in CNHI stock with ownership of nearly -10.309% of the company’s market capitalization.

Positions in CNH Industrial N.V. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 139 institutional holders increased their position in CNH Industrial N.V. [NYSE:CNHI] by around 74,445,742 shares. Additionally, 149 investors decreased positions by around 56,250,144 shares, while 41 investors held positions by with 401,947,193 shares. The mentioned changes placed institutional holdings at 532,643,079 shares, according to the latest SEC report filing. CNHI stock had 37 new institutional investments in for a total of 5,873,850 shares, while 55 institutional investors sold positions of 10,694,115 shares during the same period.

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