Cnh Industrial

CNH Industrial is a holding company. Through its subsidiaries, Co. is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for those vehicles and engines for marine and power generation applications. Co. divides its business activities into three operating segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services.
  • TickerCNHI
  • ISINNL0010545661
  • SectorIndustrial Engineering
  • CountryNetherlands

Analysts

Kwame Webb

Telematics, South American Demand Are Rare Sources of Optimism at 2016 Farm Progress Show

We recently attended the Farm Progress Show in Boone, Iowa. The annual show is one of the major events in the North American agricultural industry, where farmers and agricultural equipment manufacturers come together to assess the latest product offerings. Following the show, we view wide-moat Deere and no-moat CNH Industrial as undervalued and reiterate our $97 and $9 fair value estimates for the respective shares. Although the agricultural sector remains tough, we believe both stocks offer an ...

ValuEngine Rating and Forecast Report for CNHI

Advanced academic research that brings you superior investment strategies in an actionable format. The most comprehensive and useful report available. ValuEngine`s three models: Valuation Model, Forecast Model and Ratings Model are incorporated to give you a well-rounded analysis from three different perspectives. Consensus EPS trend and Earnings Surprise statistics provide additional insights. Also, ValuEngine recommendation, Forecast analysis, Past performance, Evaluation and rankings, Comparison to industry, Comparison with peers, Analyst opinions, EPS consensus expectations, Company profil...

Kwame Webb

CNH Industrial Reiterates 2016 Outlook on Stabilizing Sales Trends

We are increasing no-moat CNH Industrial’s fair value estimate to $9.50 from $9 to reflect the time value of money since our last corporate update. Broadly speaking, CNH’s businesses appear to be stabilizing, with declines in agricultural sales finally moderating, while commercial vehicle sales are flattening. In response, the company reiterated an outlook for $23 billion-$24 billion of industrial sales and a 5.2%-5.8% operating margin. After our latest fair value revision, CNH Industrial shares...

Kwame Webb

CNH Industrial wagers on a commercial vehicle improvement while agricultural results falter.

We recently attended the Farm Progress Show in Boone, Iowa. The annual show is one of the major events in the North American agricultural industry, where farmers and agricultural equipment manufacturers come together to assess the latest product offerings. Following the show, we view wide-moat Deere and no-moat CNH Industrial as undervalued and reiterate our $97 and $9 fair value estimates for the respective shares. Although the agricultural sector remains tough, we believe both stocks offer an ...

ValuEngine Rating and Forecast Report for CNHI

ValuEngine Rating and Forecast Report for CNHI

CNH Industrial N.V.: Continuing burden of cyclical downturn

CORPORATES CREDIT OPINION 28 December 2016 Update RATINGS CNH Industrial N.V. Domicile United Kingdom Long Term Rating Ba1 Type LT Corporate Family Ratings Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Bruce Clark 212-553-4814

CNH Industrial N.V. LGD July 2017

This document consists of file spreadsheets/PBC_1084900. xlsx.

CNH Industrial N.V. - March 2017 (LTM): Peer Snapshot

Peer Snapshot:  CNH Industrial N.V. - March 2017 (LTM) 11 September 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Mar-17 FYE Oct-15 FYE Oct-16 LTM Apr-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

CNH Industrial N.V.: Covenant Quality Post-Sale Snapshot: $500m 3.850% Senior Notes due 2027

CORPORATES ISSUER IN-DEPTH 22 November 2017 Source Documents: Final PROSUP (09 Nov 2017) Peer Group: » Manufacturing KEY METRICS: (All figures in $ millions unless otherwise noted) (Ratios may vary from Moody’s adjusted ratios) See  Snapshot User’s Guide  for terminology, analytical criteria and our ranking of covenant structures. This report contains Moody’s analysis of the principal pr

CNH Industrial N.V. - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  CNH Industrial N.V. - September 2017 (LTM) 18 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Oct-15 FYE Oct-16 LTM Jul-17 FYE Dec-15 FYE Dec-16 LTM Sep-17

Kwame Webb

Telematics, South American Demand Are Rare Sources of Optimism at 2016 Farm Progress Show

We recently attended the Farm Progress Show in Boone, Iowa. The annual show is one of the major events in the North American agricultural industry, where farmers and agricultural equipment manufacturers come together to assess the latest product offerings. Following the show, we view wide-moat Deere and no-moat CNH Industrial as undervalued and reiterate our $97 and $9 fair value estimates for the respective shares. Although the agricultural sector remains tough, we believe both stocks offer an ...

Kwame Webb

CNH Industrial Reiterates 2016 Outlook on Stabilizing Sales Trends

We are increasing no-moat CNH Industrial’s fair value estimate to $9.50 from $9 to reflect the time value of money since our last corporate update. Broadly speaking, CNH’s businesses appear to be stabilizing, with declines in agricultural sales finally moderating, while commercial vehicle sales are flattening. In response, the company reiterated an outlook for $23 billion-$24 billion of industrial sales and a 5.2%-5.8% operating margin. After our latest fair value revision, CNH Industrial shares...

Kwame Webb

CNH Industrial wagers on a commercial vehicle improvement while agricultural results falter.

We recently attended the Farm Progress Show in Boone, Iowa. The annual show is one of the major events in the North American agricultural industry, where farmers and agricultural equipment manufacturers come together to assess the latest product offerings. Following the show, we view wide-moat Deere and no-moat CNH Industrial as undervalued and reiterate our $97 and $9 fair value estimates for the respective shares. Although the agricultural sector remains tough, we believe both stocks offer an ...

Kwame Webb

Industrials After Trump's Election: Greater Uncertainty but Defense Likely the Greatest Beneficiary

It’s challenging to predict what will happen following the election of Donald Trump as president, because he may lack the full support of the Republican Congress and may refine his policies as his team gathers information from business and labor leaders, but we can say with confidence that the near-term cone of uncertainty surrounding the performance of many industrial stocks just increased. Trump’s anti-free-trade rhetoric and policy uncertainty has led to an initially weaker U.S. dollar, which...

Keith Schoonmaker, CFA

CNH Industrial wagers on a commercial vehicle improvement while agricultural results falter.

It’s challenging to predict what will happen following the election of Donald Trump as president, because he may lack the full support of the Republican Congress and may refine his policies as his team gathers information from business and labor leaders, but we can say with confidence that the near-term cone of uncertainty surrounding the performance of many industrial stocks just increased. Trump’s anti-free-trade rhetoric and policy uncertainty has led to an initially weaker U.S. dollar, which...

1 director sold

A director at CNH Industrial Nv sold 45,849 shares at 10.980USD and the significance rating of the trade was 86/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2018

Quelques semaines après que l’Etat ait officiellement mandaté des conseils pour travailler sur « l’architecture d’EDF », nous revenons sur les principales hypothèses d’évolution et leurs conséquences financières. Notre approche statu quo nous amène à une valorisation du titre entre 18.0 € (+20%) et 19.2 € (+28%), en fonction de la PPE, tandis que les hypothèses alternatives, avec régulation totale du nucléaire ou sanctuarisation du nucléaire, la porterait entre 22.5 € (+50%) et 24.0 €...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2018

A few weeks after the French government officially mandated advisers to work on EDF’s “architecture”, we provide an update on the main scenarios and their financial consequences. Our status-quo approach gives a valuation of between € 18.0 (+20%) and € 19.2 (+28%), depending on the outcome of the Multiannual Energy Plan (MEP). Under alternative scenarios, with total regulation of the nuclear sector or segregation of nuclear power, our valuation ranges from € 22.5 (+50%) to € 24.0 (+71%...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/02/2019

Face à quelques turbulences macroéconomiques, les foncières de bureaux et de commerce constituent des valeurs de refuge par la pérennité de leurs dividendes et leur capacité à créer de la valeur à travers leur pipeline. Nous privilégions plus particulièrement les valeurs qui ont anticipé / clarifié leur stratégie face aux nouvelles tendances de marché. Ainsi, nous confirmons notre opinion Achat sur Gecina, Klépierre et Carmila et passons à l’Achat sur Icade et Unibail-Rodamco-Westfiel...

Ahmed Ben Salem ...
  • Alain William
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Pierre Tegner
  • Pierre Corby
  • Roland Pfaender
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/08/2019

In the face of macroeconomic turbulence, office and retail real estate investment companies are “safe haven” stocks due to the durability of their dividends and their capacity to create value via their project pipelines. We particularly appreciate stocks which have adapted/clarified their strategies to fit new trends in the market. As such, we confirm our Buy recommendations on Gecina, Klépierre and Carmila and have upgraded Icade and Unibail-Rodamco-Westfield to Buy. Cf. report publi...

Bruno Cavalier ...
  • Emmanuel Matot
  • Georges Dieng
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 02/09/2019

...

ValuEngine Rating and Forecast Report for CNHI

Advanced academic research that brings you superior investment strategies in an actionable format. The most comprehensive and useful report available. ValuEngine`s three models: Valuation Model, Forecast Model and Ratings Model are incorporated to give you a well-rounded analysis from three different perspectives. Consensus EPS trend and Earnings Surprise statistics provide additional insights. Also, ValuEngine recommendation, Forecast analysis, Past performance, Evaluation and rankings, Comparison to industry, Comparison with peers, Analyst opinions, EPS consensus expectations, Company profil...

ValuEngine Rating and Forecast Report for CNHI

ValuEngine Rating and Forecast Report for CNHI

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ValuEngine Rating and Forecast Report for CNHI

ValuEngine Rating and Forecast Report for CNHI

ValuEngine Rating and Forecast Report for CNHI

ValuEngine Rating and Forecast Report for CNHI

MarketLine Department

AGCO Corporation - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's AGCO Corporation Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by AGCO Corporation since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

MarketLine Department

Ag Growth International, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Ag Growth International, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Ag Growth International, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its com...

MarketLine Department

Deere & Company - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Deere & Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Deere & Company since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

Expert Corporate Governance Service (ECGS)

Proxy Report - 13/04/2018

We have serious concerns over the CNH Industrial's corporate governance, as it does not respect the "one share – one vote" principle: all shareholders that have registered their shares for more than 3 years are entitled to receive an additional voting right. The major shareholder Exor (26.9% of the share capital and 41.7% of votes) holds 92.9% of special voting rights. Concerns also arise over the composition of the Board, as it is chaired by the executive Director Mr. Sergio Marchionne, although the Bylaws provide that "the chairperson of the Board of Directors shall be a non-executive Direc...

Expert Corporate Governance Service (ECGS)

CNH Industrial NV - 2018, November 29

In item 2, the EGM is called to appoint Mr. Hubertus M. Mühlhäuser as CEO, to replace Mr. Richard Tobin who resigned in April 2918. The position of Chair and CEO are split and we have not identified any specific concerns over the appointment of Mr.Mühlhäuser. Also taking into account his professional background and sector specific experience, we recommend approval. In item 3, the Board proposes to ratify the appointment of Ms. Suzanne Heywood as executive Chairwoman. Ms. Heywood has been a non-executive Director since 2016, representing the controlling shareholder Exor NV, and she was appoint...

CNH Industrial – Proxinvest Corporate Governance Rating ® : E

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

CNH Industrial April 12, 2019

We have serious concerns over the CNH Industrial's corporate governance, as it does not respect the "one share rone vote" principle: all shareholders that have registered their shares for more than 3 years are entitled to receive an additional voting right. The major shareholder Exor (41.7% of votes with 26.9% of shares) holds 92.6% of special voting shares. Concerns also arise over the composition of the Board, as the Chairperson holds executive powers, the Senior Non-Executive Director is not independent as per our guidelines, having collected more than 12 years of association with the Group...

Louis AZAIS

Short term view - CNH INDUSTRIAL NV : The support has been reached, it causes the bounce.

The previous high has been passed, the bullish trend is confirmed. The next target is at €12.930. The invalidation level is below €10.500.Arguments :- The support has been reached, it causes the bounce.- The moving average is supporting prices.

Louis AZAIS

Analyse court terme - CNH INDUSTRIAL NV : Le support est atteint, il cause le rebond.

Le précédent sommet vient d'être franchi, ceci confirme la tendance haussière. Le prochain objectif est à 12,930 €. Le niveau d'invalidation est sous 10,500 €.Arguments :- Le support est atteint, il cause le rebond.- La moyenne mobile sert de support.

Louis AZAIS

Analyse court terme - CNH INDUSTRIAL NV : Les prix doivent revenir tester le gap.

La tendance est toujours neutre. Il faut franchir le sommet à 11,800 € pour que la tendance devienne positive avec une invalidation sous 10,900 €.Arguments :- Le support est atteint, il cause le rebond.- La moyenne mobile sert de résistance.- Les prix doivent revenir tester le gap.

Louis AZAIS

Short term view - CNH INDUSTRIAL NV : Prices will test the quality of gap.

The trend remains neutral. Prices will have to break above the peak at €11.800 for the trend to be positive again with an invalidation level below €10.900.Arguments :- The support has been reached, it causes the bounce.- The moving average is capping prices.- Prices will test the quality of gap.

Louis AZAIS

Analyse court terme - CNH INDUSTRIAL NV : La moyenne mobile sert de résistance.

La tendance est toujours baissière, son niveau d'invalidation est au-dessus de 11,202 €. L'objectif est à 9,300 €.Arguments :- Le support est enfoncé.- La résistance est atteinte, elle cause le repli.- La moyenne mobile sert de résistance.

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