Quick Summary:
- Jim Nickolas has been appointed as CNH Industrial's new CFO, succeeding Oddone Incisa.
- Wall Street analysts project a 33.73% potential upside for CNH Industrial's stock.
- CNH Industrial is currently rated as "Outperform" by brokerage firms, with a GF Value estimate suggesting further growth potential.
CNH Industrial (NYSE: CNH) has taken a significant step by appointing Jim Nickolas as its new Chief Financial Officer, effective May 6. Nickolas, who previously held the position of CFO at Martin Marietta Materials, is set to succeed Oddone Incisa, who leaves after an impressive tenure of 28 years. Investors can look forward to insights from Nickolas at CNH's Investor Day scheduled for May 8.
Wall Street Analysts Forecast for CNH Industrial
The outlook from Wall Street offers promising prospects for CNH Industrial NV (NYSE: CNH). Analyzing one-year price targets from 15 analysts, the average target price stands at $14.96, with estimates ranging from a high of $17.80 to a low of $12.00. This average target price implies a noteworthy potential upside of 33.73% from the current stock price of $11.19. For a comprehensive view of these estimates, visit the CNH Industrial NV (CNH, Financial) Forecast page.
Brokerage Recommendations and GF Value Estimate
CNH Industrial NV's stock is currently receiving positive attention from 18 brokerage firms, reflected in an average brokerage recommendation rating of 2.4. This rating places CNH in the "Outperform" category, using a scale where 1 indicates a Strong Buy and 5 signifies a Sell.
According to GuruFocus estimates, the projected GF Value for CNH Industrial NV in one year is $12.85. This suggests a potential upside of 14.83% from the present price of $11.19. The GF Value is a measure of the fair value that considers historical trading multiples, past business growth, and future performance estimates. Investors seeking further details can explore the CNH Industrial NV (CNH, Financial) Summary page.
In conclusion, CNH Industrial's strategic leadership change and favorable analyst ratings provide a promising outlook for investors eyeing growth potential in this stock.
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