What’s in CNH Industrial NV (CNHI) After Making 52-Week High?

June 19, 2017 - By Marie Mckinney

The stock of CNH Industrial NV (NYSE:CNHI) hit a new 52-week high and has $12.79 target or 9.00 % above today’s $11.73 share price. The 5 months bullish chart indicates low risk for the $16.07B company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $12.79 price target is reached, the company will be worth $1.45B 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 711,422 shares traded. CNH Industrial NV (NYSE:CNHI) has risen 66.12% since June 19, 2016 and is uptrending. It has outperformed by 49.42% the S&P500.

Analysts expect CNH Industrial NV (NYSE:CNHI) to report $0.16 EPS on July, 25.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.16 EPS. CNHI’s profit would be $219.20 million giving it 18.33 P/E if the $0.16 EPS is correct. After having $0.04 EPS previously, CNH Industrial NV’s analysts see 300.00 % EPS growth.

CNH Industrial NV (NYSE:CNHI) Ratings Coverage

Among 11 analysts covering CNH Industrial (NYSE:CNHI), 0 have Buy rating, 3 Sell and 8 Hold. Therefore 0 are positive. CNH Industrial had 24 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 11. JP Morgan upgraded the shares of CNHI in report on Monday, May 1 to “Neutral” rating. Deutsche Bank maintained CNH Industrial NV (NYSE:CNHI) on Wednesday, October 12 with “Sell” rating. The firm earned “Neutral” rating on Friday, July 15 by Citigroup. The rating was initiated by Credit Suisse on Friday, January 15 with “Underperform”. The rating was downgraded by JP Morgan to “Underperform” on Monday, November 16. The stock has “Hold” rating by Deutsche Bank on Wednesday, February 1. The stock of CNH Industrial NV (NYSE:CNHI) earned “Hold” rating by Deutsche Bank on Tuesday, February 7. On Monday, January 18 the stock rating was initiated by Credit Suisse with “Underperform”. Deutsche Bank initiated it with “Sell” rating and $6.38 target in Wednesday, September 7 report.

More notable recent CNH Industrial NV (NYSE:CNHI) news were published by: Prnewswire.com which released: “CNH Industrial commemorated Case IH Agriculture and CASE Construction …” on June 07, 2017, also Prnewswire.com with their article: “CNH Industrial presenta su proyecto para la gestión sostenible del agua en …” published on June 13, 2017, Bloomberg.com published: “Deere Puts a $15 Billion Rival in the Headlights” on June 06, 2017. More interesting news about CNH Industrial NV (NYSE:CNHI) were released by: Prnewswire.com and their article: “CNH Industrial NV to renew common shares buyback program” published on June 05, 2017 as well as Prnewswire.com‘s news article titled: “CNH Industrial announces the closing of its notes offering of Euro 500000000 …” with publication date: May 23, 2017.

CNH Industrial N.V. is a capital goods company. The company has market cap of $16.07 billion. The Firm is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications. It has a 52.26 P/E ratio.

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