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

Bruno Cavalier ...
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/20/2019

...

Bruno Cavalier ...
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/05/2019

...

François Maury ...
  • Georges Dieng

ODDO : EU+EFTA market: April marks the eighth successive month of a decline

>EU + EFTA market: -0.5% in April, i.e. -2.5% YTD - European registrations (EU+EFTA) were down for the eighth consecutive month: -0.5% in April to 1,344.9k units, i.e. -2.5% YTD to 5.491.1k units We note a shift in trend in the five main markets, notably in France (+0.4% vs -3.4% in March), Spain (+2.6% vs -4.3% in March) and in Italy (+1.5% vs -9.6% in March). Germany and the UK remain on a downtrend with -1.1% and -4.1% respectively. By group, BMW, Daimle...

François Maury ...
  • Georges Dieng

ODDO : Marché EU + EFTA : 8ème mois consécutif de baisse en avril

>Marché EU + EFTA : baisse de 0.5% en avril soit -2.5% YTD - Les immatriculations européennes (EU+EFTA) sont en baisse pour le 8ème mois consécutif : -0.5% sur avril à 1 344.9k unités soit -2.5% YTD à 5,491.1k unités. Sur les cinq marchés principaux, on note un changement de tendance notamment en France (+0.4% contre -3.4%/mars), Espagne (+2.6% vs -4.3% /mars) et en Italie (+1.5% vs -9.6% / mars). L’Allemagne et le UK sont toujours en baisse avec -1.1% et -4.1% ...

ValuEngine Rating and Forecast Report for CNHI

ValuEngine Rating and Forecast Report for CNHI

CNH Industrial N.V. - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CNH Industrial N.V. - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CNH Industrial N.V. - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CNH Industrial N.V. - March 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

CNH Industrial N.V.: Recovery in CNHI's end-markets should improve credit metrics

Recovery in all markets continues, with competitive Agricultural Equipment margins offset by weaker margins in other segments.

Bruno Cavalier ...
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/20/2019

...

Bruno Cavalier ...
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/05/2019

...

François Maury ...
  • Georges Dieng

ODDO : EU+EFTA market: April marks the eighth successive month of a decline

>EU + EFTA market: -0.5% in April, i.e. -2.5% YTD - European registrations (EU+EFTA) were down for the eighth consecutive month: -0.5% in April to 1,344.9k units, i.e. -2.5% YTD to 5.491.1k units We note a shift in trend in the five main markets, notably in France (+0.4% vs -3.4% in March), Spain (+2.6% vs -4.3% in March) and in Italy (+1.5% vs -9.6% in March). Germany and the UK remain on a downtrend with -1.1% and -4.1% respectively. By group, BMW, Daimle...

François Maury ...
  • Georges Dieng

ODDO : Marché EU + EFTA : 8ème mois consécutif de baisse en avril

>Marché EU + EFTA : baisse de 0.5% en avril soit -2.5% YTD - Les immatriculations européennes (EU+EFTA) sont en baisse pour le 8ème mois consécutif : -0.5% sur avril à 1 344.9k unités soit -2.5% YTD à 5,491.1k unités. Sur les cinq marchés principaux, on note un changement de tendance notamment en France (+0.4% contre -3.4%/mars), Espagne (+2.6% vs -4.3% /mars) et en Italie (+1.5% vs -9.6% / mars). L’Allemagne et le UK sont toujours en baisse avec -1.1% et -4.1% ...

Scott Pope

Morningstar | CNHI Updated Star Rating from 08 May 2019

CNH Industrial is an agglomeration of businesses that formally coalesced in 2013, when Fiat combined its commercial vehicle and powertrain businesses with its construction and agriculture companies. While this combination is relatively recent, the earliest foundations of the business date back to Cyrus McCormick’s invention of the mechanical reaper, for which he was granted a patent in 1834. The business that developed from McCormick’s endeavors ultimately became part of CNH’s Case IH brand.CNH in its current incarnation comprises four main segments: agricultural equipment, construction equipm...

1 director bought

A director at CNH Industrial Nv bought 21,299 shares at 9.160USD and the significance rating of the trade was 53/100. 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 b...

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...

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...

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%...

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 €...

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

CNH INDUSTRIAL NV sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of CNH INDUSTRIAL NV (IT), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 7, 2019, the closing price was EUR 9.13 and its target price was estimated at EUR 8.15.

ValuEngine Rating and Forecast Report for CNHI

ValuEngine Rating and Forecast Report for CNHI

CNH INDUSTRIAL NV with less fundamental stars is reduced to Neutral

CNH INDUSTRIAL NV (US), a company active in the Commercial Vehicles & Trucks industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 3, 2019, the closing price was USD 10.81 and its expected value was estimated a...

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)

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...

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 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...

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...

Jérôme VINERIER

Short term view - CNH INDUSTRIAL NV : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €8.400. The background trend would be questioned should prices rise above €10.860.

Jérôme VINERIER

Analyse court terme - CNH INDUSTRIAL NV : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 8,400 €. La tendance de fond serait remise en cause en cas de franchissement de 10,860 €.

Jérôme VINERIER

Short term view - CNH INDUSTRIAL NV : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €8.400, then €7.799. Passing €10.860 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - CNH INDUSTRIAL NV : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 8,400 €, puis 7,799 €. Le franchissement de 10,860 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse moyen terme - CNH INDUSTRIAL NV : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch