Breaking: Does CNH Industrial NV Have More Gas After Making 52-Week High?

Breaking: Does CNH Industrial NV Have More Gas After Making 52 Week High?

The stock of CNH Industrial NV (NYSE:CNHI) hit a new 52-week high and has $8.81 target or 8.00% above today’s $8.16 share price. The 6 months bullish chart indicates low risk for the $10.95 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $8.81 price target is reached, the company will be worth $876.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 369,631 shares traded hands. CNH Industrial NV (NYSE:CNHI) has risen 7.11% since April 20, 2016 and is uptrending. It has outperformed by 2.56% the S&P500.

CNH Industrial NV (NYSE:CNHI) Ratings Coverage

Out of 8 analysts covering CNH Industrial (NYSE:CNHI), 1 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 13% are positive. $9.5 is the highest target while $5 is the lowest. The $6.71 average target is -17.77% below today’s ($8.16) stock price. CNH Industrial has been the topic of 16 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, July 15, the company rating was maintained by Citigroup. On Wednesday, October 12 the stock rating was maintained by Barclays Capital with “Underweight”. Barclays Capital initiated the shares of CNHI in a report on Friday, September 25 with “Underweight” rating. Deutsche Bank maintained it with “Sell” rating and $6.37 target price in Wednesday, October 12 report. The rating was upgraded by Bank of America to “Buy” on Monday, April 18. The stock of CNH Industrial NV (NYSE:CNHI) earned “Underweight” rating by Barclays Capital on Monday, May 2. Credit Suisse initiated the stock with “Underperform” rating in Monday, January 18 report. Credit Suisse initiated CNH Industrial NV (NYSE:CNHI) on Friday, January 15 with “Underperform” rating. JP Morgan downgraded CNH Industrial NV (NYSE:CNHI) rating on Monday, November 16. JP Morgan has “Underperform” rating and $5 price target. Deutsche Bank initiated the shares of CNHI in a report on Wednesday, September 7 with “Sell” rating.

According to Zacks Investment Research, “CNH Industrial NV designs, produces and sells trucks, commercial vehicles, buses, special vehicles, agricultural and construction equipment, in addition to engines and transmissions for those vehicles and engines for marine application. CNH Industrial NV is based in Amsterdam, the Netherlands.”

More important recent CNH Industrial NV (NYSE:CNHI) news were published by: Prnewswire.com which released: “CNH Industrial N.V. announces notes offering” on August 04, 2016, also Seekingalpha.com published article titled: “CNH Industrial NV (CNHI) Q3 2016 Results – Earnings Call Transcript”, Streetinsider.com published: “CNH Industrial N.V. (CNHI) Announces Acquisition of Kongskilde Agriculture” on October 31, 2016. More interesting news about CNH Industrial NV (NYSE:CNHI) was released by: Seekingalpha.com and their article: “CNH Industrial NV (CNHI) Richard J. Tobin on Q2 2016 Results – Earnings Call …” with publication date: July 26, 2016.

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