CNH Industrial NV (NYSE:CNHI) in Top 100 Brazilian innovative companies

[PRNewswire] CNH Industrial NV (NYSE:CNHI)(TREND ANALYSIS) has been included in the prestigious annual ranking of Brazil’s 100 most innovative companies. The list is compiled by prominent financial publication Valor Economico. The Company came in 30th and ranked in the top five in the Capital Assets category, a sector that is seen to be among those investing the most in the country.

All companies considered for ranking account for revenues that exceed R$750 million Brazilian Real (around $230 million USD). They were judged according to four main criteria: intention to innovate, effort to innovate, obtained results and market assessment. The companies that made the final cut were all found to have generated the most value through new products, processes, business models and services.

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CNH Industrial NV (NYSE:CNHI) stock is currently trading 22.02% below its 52-week-high, 3.69% above its 52-week-low. The 1-year stock price history is in the range of $7.31 – $9.72. CNH Industrial NV (CNHI) has a price to earnings ratio of 17.75 versus Industrial Goods sector average of 33.81. CNHI stock price has outperformed the S&P 500 by 2.7%. The Farm Machinery company is currently valued at $10.32 billion and its share price closed the last trading session at $7.58. The stock has a 50-day moving average of $8.66 and a 200-day moving average of $8.66.

CNH Industrial NV (CNHI) current short interest stands at 36.27 million shares. It has decreased by 3% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.63 million shares, the number of days required to cover the short positions stand at 22.3 days.

The company is expected to announce next quarter earnings on October 29, at consensus estimate of $0.12. CNH Industrial NV (CNHI) reported last quarter earnings on July 29. The Farm Machinery company announced earnings per share of $0.11 against a consensus Street estimate of $0.17, missing estimate by $0.06. This corresponds to a decrease of $0.11 compared to the same quarter of the previous fiscal year.

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There are currently seventeen analysts that cover CNH Industrial NV stock. Of those seventeen, two have a Buy rating, eleven have a Hold rating and four have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $7.65.

A recent analyst activity consisted of Citigroup reiterating their Neutral stance on July 21. Citigroup increased their price target on CNHI from $8.5 to $9.5. This corresponds to a 25.33% upside from the last closing price. On the date of report, the stock closed at $9.5.

JP Morgan upgraded their Underweight rating to Neutral on June 22. On the date of report, the stock closed at $9.48.

Another research firm was SocGen who initiated their coverage on the stock with Hold rating on April 17. SocGen fixed their price target at $10. This translates to a 31.93% upside from the last closing price. On the date of report, the stock closed at $8.49.

Company profile

CNH Industrial NV through its brands, designs, produces and sells trucks, commercial vehicles, buses, special vehicles, agricultural and construction equipment, in addition to engines and transmissions for those vehicles and engines for marine applications. The company also provides equipment financing services.

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