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

ValuEngine Rating and Forecast Report for CNHI

ValuEngine Rating and Forecast Report for CNHI

Keith Schoonmaker

Morningstar | CNH Continues to Improve Margins as New CEO Formulates Strategy

Created in 2013 to combine Fiat's commercial vehicle and powertrain businesses (Fiat Industrial) and its agricultural and construction equipment businesses (CNH Global), CNH Industrial was formed to improve upon previously overlooked assets. While the engine technology is shared through its powertrain segment, the collection of assets is varied.The agricultural unit is CNH’s most profitable, generating around 45% of 2017 revenue and 60% of profits. The division’s strong positioning in Europe (market leader) and in North America (second behind Deere) has been the main source of the firm’s profi...

Keith Schoonmaker

CNH Continues to Improve Margins as New CEO Formulates Strategy

During the third-quarter earnings call, new CNH CEO Hubertus Muhlhauser provided results on a modestly profitable quarter but little information on his future strategy. Muhlhauser, who became CEO in September, explained that more information about the company’s strategic review would be available in 2019. He did share that the number-one priority is to continue improving margins. There was some success in this regard as operating margin rose to 5.1%, from 4.1% in the third quarter 2017. We maint...

Keith Schoonmaker

Morningstar | CNH Experiences Flat Revenue as Operating Margins Improve

During the third-quarter earnings call, new CNH CEO Hubertus Muhlhauser provided results on a modestly profitable quarter but little information on his future strategy. Muhlhauser, who became CEO in September, explained that more information about the company’s strategic review would be available in 2019. He did share that the number-one priority is to continue improving margins. There was some success in this regard as operating margin rose to 5.1%, from 4.1% in the third quarter 2017. We maintain our narrow-moat rating and slightly lower our fair value estimate to $12.10 from $12.40. Year-o...

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.

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

Compares key performance metrics against industry peers.

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

CORPORATES CREDIT OPINION 28 December 2017 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

Keith Schoonmaker

Morningstar | CNH Continues to Improve Margins as New CEO Formulates Strategy

Created in 2013 to combine Fiat's commercial vehicle and powertrain businesses (Fiat Industrial) and its agricultural and construction equipment businesses (CNH Global), CNH Industrial was formed to improve upon previously overlooked assets. While the engine technology is shared through its powertrain segment, the collection of assets is varied.The agricultural unit is CNH’s most profitable, generating around 45% of 2017 revenue and 60% of profits. The division’s strong positioning in Europe (market leader) and in North America (second behind Deere) has been the main source of the firm’s profi...

Keith Schoonmaker

CNH Continues to Improve Margins as New CEO Formulates Strategy

During the third-quarter earnings call, new CNH CEO Hubertus Muhlhauser provided results on a modestly profitable quarter but little information on his future strategy. Muhlhauser, who became CEO in September, explained that more information about the company’s strategic review would be available in 2019. He did share that the number-one priority is to continue improving margins. There was some success in this regard as operating margin rose to 5.1%, from 4.1% in the third quarter 2017. We maint...

Keith Schoonmaker

Morningstar | CNH Experiences Flat Revenue as Operating Margins Improve

During the third-quarter earnings call, new CNH CEO Hubertus Muhlhauser provided results on a modestly profitable quarter but little information on his future strategy. Muhlhauser, who became CEO in September, explained that more information about the company’s strategic review would be available in 2019. He did share that the number-one priority is to continue improving margins. There was some success in this regard as operating margin rose to 5.1%, from 4.1% in the third quarter 2017. We maintain our narrow-moat rating and slightly lower our fair value estimate to $12.10 from $12.40. Year-o...

Georges Dieng

CNH industrial : Post Q3, FY guidance confirmed with adj. EPS seen at high end of range

>Solid showing in Q3 2018 - CNH Industrial yesterday posted a robust Q3 performance, beating consensus on the key earnings metrics. Consolidated revenues were slightly below expectations at $ 6.7bn (stable) vs FactSet consensus of $ 7bn. Adjusted EBITDA of industrial activities rose by 13% to $ 591m (9.5% margin, up 110bp), slightly above consensus ($ 589m). Net income surged by 171% to $ 231m, including an after-tax gain of $ 23m stemming from a favorable court rulin...

Georges Dieng

CNH industrial : Post Q3, FY guidance confirmed with adj. EPS seen at high end of range

>Solid showing in Q3 2018 - CNH Industrial yesterday posted a robust Q3 performance, beating consensus on the key earnings metrics. Consolidated revenues were slightly below expectations at $ 6.7bn (stable) vs FactSet consensus of $ 7bn. Adjusted EBITDA of industrial activities rose by 13% to $ 591m (9.5% margin, up 110bp), slightly above consensus ($ 589m). Net income surged by 171% to $ 231m, including an after-tax gain of $ 23m stemming from a favorable court rulin...

2 directors sold after exercising options/sold

Two Directors at Cnh Industrial Nv sold after exercising options/sold 13,146 shares at between 11.512USD and 11.520USD. The significance rating of the trade was 59/100. 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 ...

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

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 Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of CNH INDUSTRIAL NV (US), 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 moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date October 12, 2018, the closing price was USD 11.15 and its target price was estimated at USD 10.08.

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

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.

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.

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.

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