In yesterday’s Wall Street session, CNH Industrial NV (NYSE:CNHI) shares traded at $11.45, down -0.61% from the previous session.
CNHI stock price is now -6.12% away from the 50-day moving average and -5.01% away from the 200-day moving average. The market capitalization of the company currently stands at $14.40B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On March 14, 2024, Truist recently initiated its ‘Buy’ rating on the stock quoting a target price of $18, while ‘DA Davidson’ rates the stock as ‘Neutral’
A total of 34.98% of the company’s stock is owned by insiders.
During the past 12 months, CNH Industrial NV has had a low of $9.77 and a high of $15.74. As of last week, the company has a debt-to-equity ratio of 3.56, a current ratio of 6.30, and a quick ratio of 5.17.
The net profit margin was 9.47% and return on equity was 30.10% for CNHI. The company reported revenue of $4.82 billion for the quarter, compared to $5.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.81 percent.
CNH Industrial NV(CNHI) Company Profile
CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. The company operates through three segments: Agriculture, Construction, and Financial Services. The Agriculture segment designs, manufactures, and distributes farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, combines, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, material handling equipment, and precision agriculture technology. This segment sells its agricultural equipment under the New Holland Agriculture and Case IH brands. The Construction segment designs, manufactures, and distributes construction equipment comprising excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, and compact track loaders under the CASE Construction Equipment, New Holland Construction, and Eurocomach brands. The Financial Services segment offers financing to end-use customers for the purchase of new and used agricultural and construction equipment and components, as well as revolving charge account financing and other financial services. It also provides wholesale financing to CNH Industrial brand dealers and distributors; trade receivables factoring services to CNH companies; and financial services to Iveco Group companies in the North America, South America, and Asia Pacific regions. The company was founded in 1842 and is headquartered in Basildon, the United Kingdom.
