CNH Industrial NV (CNH) Shares Gap Down to $10.535 on Nov 8

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Nov 08, 2024

Shares of CNH Industrial NV (CNH, Financial) fell 9.42% in mid-day trading on Nov 8. The stock reached an intraday low of $10.31, before recovering slightly to $10.54, down from its previous close of $11.63. This places CNH 20.79% below its 52-week high of $13.30 and 13.52% above its 52-week low of $9.28. Trading volume was 7,928,022 shares, 60.8% of the average daily volume of 13,047,835.

Wall Street Analysts Forecast

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Based on the one-year price targets offered by 15 analysts, the average target price for CNH Industrial NV (CNH, Financial) is $14.96 with a high estimate of $17.80 and a low estimate of $12.00. The average target implies an upside of 42.05% from the current price of $10.54. More detailed estimate data can be found on the CNH Industrial NV (CNH) Forecast page.

Based on the consensus recommendation from 18 brokerage firms, CNH Industrial NV's (CNH, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

Based on GuruFocus estimates, the estimated GF Value for CNH Industrial NV (CNH, Financial) in one year is $13.47, suggesting a upside of 27.86% from the current price of $10.535. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CNH Industrial NV (CNH) Summary page.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.