why CNH Industrial NV [CNH] is a Good Choice for Investors After New Price Target of $14.87

CNH Industrial NV [NYSE: CNH] loss -0.38% on the last trading session, reaching $10.56 price per share at the time.

If compared to the average trading volume of 9.92M shares, CNH reached a trading volume of 19320211 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNH shares is $14.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNH stock is a recommendation set at 2.24. 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.

BofA Securities have made an estimate for CNH Industrial NV shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 22, 2024. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on March 14, 2024, representing the official price target for CNH Industrial NV stock. Previously, the target price had yet another raise to $13, while DA Davidson analysts kept a Neutral rating on CNH stock.

The Average True Range (ATR) for CNH Industrial NV is set at 0.31, with the Price to Sales ratio for CNH stock in the period of the last 12 months amounting to 0.55. The Price to Book ratio for the last quarter was 1.68, with the Price to Cash per share for the same quarter was set at 3.15.

Trading performance analysis for CNH stock

CNH Industrial NV [CNH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.12. With this latest performance, CNH shares dropped by -6.80% in over the last four-week period, additionally sinking by -1.22% over the last 6 months – not to mention a drop of -17.69% 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 CNH stock in for the last two-week period is set at 31.93, with the RSI for the last a single of trading hit 27.99, and the three-weeks RSI is set at 35.07 for CNH Industrial NV [CNH]. The present Moving Average for the last 50 days of trading for this stock 11.92, while it was recorded at 10.59 for the last single week of trading, and 11.90 for the last 200 days.

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

CNH Industrial NV’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.17 and a Current Ratio set at 6.30.

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

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 CNH. 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 [CNH]

The top three institutional holders of CNH stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CNH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CNH stock with ownership which is approximately 5.8386%.

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