CNHI Stock Summary and Trading Ideas (CNH Industrial N.V. Common Shares | NYSE:CNHI)

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations worldwide. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.

CNH Industrial N.V. Common Shares trades on the NYSE stock market under the symbol CNHI.

As of April 19, 2024, CNHI stock price declined to $12.31 with 6,033,313 million shares trading.

CNHI has a beta of 1.33, meaning it tends to be more sensitive to market movements. CNHI has a correlation of 0.28 to the broad based SPY ETF.

CNHI has a market cap of $15.33 billion. This is considered a Large Cap stock.

Last quarter CNH Industrial N.V. Common Shares reported $7 billion in Revenue and $.42 earnings per share. This beat revenue expectation by $132 million and met earnings estimates .

In the last 3 years, CNHI stock traded as high as $19.69 and as low as $9.77.

The top ETF exchange traded funds that CNHI belongs to (by Net Assets): VXF, VYM, IWR, IWD, MOO.

CNHI stock has underperformed the market in the last year with a return of -13.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CNHI shares. However, CNHI has outperformed the market in the last 3 month and 2 week periods, returning +5.7% and -4.0%, while SPY returned +3.0% and -4.5%, respectively. This indicates CNHI has been having a stronger performance recently.

CNHI support price is $12.17 and resistance is $12.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNHI stock will trade within this expected range on the day.