For CNH Industrial NV [CNHI], Analyst sees a rise to $13. What next?

CNH Industrial NV [NYSE: CNHI] loss -1.72% or -0.21 points to close at $12.01 with a heavy trading volume of 8163229 shares. The company report on February 23, 2024 at 4:10 PM that CNH Expands Sustainable Innovation Through Investment in AI Company Bem Agro.

CNH continues to strengthen its tech stack with Ag Tech solutions that make farming easier, more efficient, and more sustainable for farmers around the globe. CNH Ventures, the investment arm of the company, has taken a minority stake in Bem Agro – a Brazilian startup and existing supplier to CNH.

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Bem Agro uses AI to convert any type of aerial field image – including those taken from machines, drones and satellites – into Agronomic Mapping Reports. These reports provide vital data that enables farmers to make better decisions about optimizing field operations, allocating resources and increasing yield, while driving improved machine performance, greater productivity and reduced running costs.

The daily chart for CNHI points out that the company has recorded -6.61% loss over the past six months.

If we look at the average trading volume of 15.95M shares, CNHI reached to a volume of 8163229 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about CNH Industrial NV [CNHI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNHI shares is $15.20 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 2.22. 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.

DA Davidson have made an estimate for CNH Industrial NV shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 23, 2024. The new note on the price target was released on January 17, 2024, representing the official price target for CNH Industrial NV stock.

The Average True Range (ATR) for CNH Industrial NV is set at 0.33, with the Price to Sales ratio for CNHI stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 2.00, with the Price to Cash per share for the same quarter was set at 3.79.

Trading performance analysis for CNHI stock

CNH Industrial NV [CNHI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.15. With this latest performance, CNHI shares gained by 0.59% in over the last four-week period, additionally sinking by -6.61% over the last 6 months – not to mention a drop of -28.60% 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 49.33, with the RSI for the last a single of trading hit 47.41, and the three-weeks RSI is set at 50.63 for CNH Industrial NV [CNHI]. The present Moving Average for the last 50 days of trading for this stock 11.96, while it was recorded at 12.01 for the last single week of trading, and 12.66 for the last 200 days.

CNH Industrial NV [CNHI]: A deeper dive into fundamental analysis

CNH Industrial NV’s liquidity data is similarly interesting compelling, with a Quick Ratio of 203.25 and a Current Ratio set at 241.23.

CNH Industrial NV [CNHI]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, CNH Industrial NV posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.30%. 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 NV go to 7.40%.

An analysis of Institutional ownership at CNH Industrial NV [CNHI]

The top three institutional holders of CNHI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CNHI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CNHI stock with ownership which is approximately 5.8325%.