CNH Industrial NV (CNH) shares projected to rise by 74.86%

At the time of writing, CNH Industrial NV [CNH] stock is trading at $10.58, up 3.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CNH shares have gain 11.72% over the last week, with a monthly amount glided 1.73%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Citigroup started tracking the stock with Buy rating on June 26, 2024, and set its price target to $16. On April 22, 2024, downgrade downgraded it’s rating to Neutral. Truist started tracking the stock assigning a Buy rating and suggested a price target of $18 on March 14, 2024. DA Davidson initiated its recommendation with a Neutral and recommended $13 as its price target on January 23, 2024. Goldman upgraded its rating to Buy for this stock on January 17, 2024, but kept the price target unchanged to $19. In a note dated January 08, 2024, Morgan Stanley initiated an Equal-Weight rating.

For the past year, the stock price of CNH Industrial NV fluctuated between $9.42 and $15.74. Currently, Wall Street analysts expect the stock to reach $18.5 within the next 12 months. CNH Industrial NV [NYSE: CNH] shares were valued at $10.58 at the most recent close of the market. An investor can expect a potential return of 74.86% based on the average CNH price forecast.

Analyzing the CNH fundamentals

According to CNH Industrial NV [NYSE:CNH], the company’s sales were 24.17B for trailing twelve months, which represents an -9.81% plunge. Gross Profit Margin for this corporation currently stands at None% with Operating Profit Margin at None%, Pretax Profit Margin comes in at None%, and Net Profit Margin reading is None%. To continue investigating profitability, this company’s Return on Assets is posted at None, Equity is None and Total Capital is None. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at None.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.33 points at the first support level, and at 10.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.72, and for the 2nd resistance point, it is at 10.85.

Ratios To Look Out For

It is important to note that CNH Industrial NV [NYSE:CNH] has a current ratio of 6.30. Also, the Quick Ratio is 5.17, while the Cash Ratio stands at None. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 6.16.

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