Is CNH Industrial N.V. (CNHI)’s Fuel Running Low? The Stock Reaches 52-Week High Today

January 21, 2018 - By Marguerite Chambers

The stock of CNH Industrial N.V. (NYSE:CNHI) hit a new 52-week high and has $15.84 target or 6.00 % above today’s $14.94 share price. The 9 months bullish chart indicates low risk for the $20.37B company. The 1-year high was reported on Jan, 21 by Barchart.com. If the $15.84 price target is reached, the company will be worth $1.22B 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.

The stock increased 0.54% or $0.08 during the last trading session, reaching $14.94. About 1.50 million shares traded. CNH Industrial N.V. (NYSE:CNHI) has risen 66.12% since January 21, 2017 and is uptrending. It has outperformed by 49.42% the S&P500.

Analysts await CNH Industrial N.V. (NYSE:CNHI) to report earnings on January, 30. They expect $0.13 earnings per share, down 7.14 % or $0.01 from last year’s $0.14 per share. CNHI’s profit will be $177.28M for 28.73 P/E if the $0.13 EPS becomes a reality. After $0.11 actual earnings per share reported by CNH Industrial N.V. for the previous quarter, Wall Street now forecasts 18.18 % EPS growth.

CNH Industrial N.V. (NYSE:CNHI) Ratings Coverage

Among 14 analysts covering CNH Industrial (NYSE:CNHI), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 43% are positive. CNH Industrial has $17.0 highest and $5 lowest target. $11.60’s average target is -22.36% below currents $14.94 stock price. CNH Industrial had 37 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, January 18 the stock rating was maintained by Seaport Global with “Buy”. Stifel Nicolaus maintained the shares of CNHI in report on Monday, November 13 with “Hold” rating. The firm has “Buy” rating by Barclays Capital given on Tuesday, December 12. Barclays Capital initiated the stock with “Underweight” rating in Friday, September 25 report. The rating was upgraded by Citigroup to “Buy” on Wednesday, November 29. The firm has “Buy” rating given on Monday, June 19 by Bank of America. The rating was upgraded by Deutsche Bank on Thursday, January 4 to “Buy”. The stock of CNH Industrial N.V. (NYSE:CNHI) has “Buy” rating given on Tuesday, January 2 by Seaport Global. The firm has “Hold” rating given on Wednesday, February 1 by Deutsche Bank. The firm earned “Hold” rating on Tuesday, February 7 by Deutsche Bank.

CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, and buses worldwide. The company has market cap of $20.37 billion. It also offers specialty vehicles for firefighting, defense, and other uses; engines, transmissions, and axles for its vehicles. It has a 46.69 P/E ratio. The Agricultural Equipment segment provides farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, and material handling equipment.

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