Veolia Environnement S.A.

Veolia Environnement provides environmental management services to public authorities, industrial and commercial services customers, and individuals worldwide. These services include the supply of water, the treatment and recovery of municipal or industrial effluent, waste collection, processing and recycling, the supply of heating and cooling services and the optimization of industrial processes. Co.'s business operations are conducted through three divisions, each specializing in a single business sector: Veolia Eau (Water), Veolia Energie (Dalkia, Energy Services) and Veolia Proprete (Environmental Services).
  • TickerVIE
  • ISINFR0000124141
  • ExchangeEuronext Paris
  • SectorGas, Water & Multi-utilities
  • CountryFrance

Analysts

Xavier Regnard

VEOLIA: Still enjoy a good momentum | BUY | EUR25,9

VEOLIA - BUY | EUR25,9 Still enjoy a good momentum Solid Q3, driven by international Slowdown in France for waste volumes We still prefer Veolia over Suez

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2019

...

Xavier Regnard

VEOLIA: Feedback from conference call | BUY | EUR25,9(+12%)

VEOLIA - BUY | EUR25,9(+12%) Feedback from conference call Veolia could go further in downsizing the construction activities The higher end of EBITDA guidance is within reach We maintain our positive view on the stock

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2019

...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

Xavier Regnard

VEOLIA: Still enjoy a good momentum | BUY | EUR25,9

VEOLIA - BUY | EUR25,9 Still enjoy a good momentum Solid Q3, driven by international Slowdown in France for waste volumes We still prefer Veolia over Suez

Xavier Regnard

VEOLIA: Feedback from conference call | BUY | EUR25,9(+12%)

VEOLIA - BUY | EUR25,9(+12%) Feedback from conference call Veolia could go further in downsizing the construction activities The higher end of EBITDA guidance is within reach We maintain our positive view on the stock

Louis Boujard, CFA ...
  • Philippe Ourpatian

Veolia : Continuing on the same path

>Buy recommendation and target price of € 30 maintained - Following the publication of 9M 2019 performances, in line with our forecasts and those of the consensus, we are confirming our Buy recommendation and target price of € 30 based on average historical multiples for the period 2000-2018 applied to the 2019 estimates. Management has confirmed its guidance for 2019 with a positioning towards the top end of the range (EBITDA close to € 4bn). The message appears conf...

Louis Boujard, CFA ...
  • Philippe Ourpatian

Veolia : Poursuivre le cap !

>Recommandation Achat et OC 30 € maintenus - Suite à des performances 9M 2019 en ligne avec nos attentes et celles du consensus, nous confirmons, une nouvelle fois, notre opinion Achat et notre objectif de cours de 30 € fondé sur des multiples historiques moyens 2000/2018 appliqués aux estimations 2019. Le management a confirmé l’atteinte des guidances 2019 avec un positionnement plutôt vers le haut de fourchette (EBITDA proche de 4 Md€). Son discours nous a semblé em...

Louis Boujard, CFA ...
  • Philippe Ourpatian

Veolia : 9M 2019 in line, 2019 guidance lifted to the upper end of the range, next CMD 27/02/2020.

>9M 2019 in line with expectations - The company just reported its 9M 2019 figures. Turnover reached € 19.764bn (+ 3.8% organic growth vs +4.2% H1 2019 vs +3.5% in Q1 2019 and +4.7% in 9M 2018) slightly above the € 19.716bn that we expected (company internal consensus average at € 19.7bn). This underlined a good level of growth, somewhat penalised by the weather effect of -€ 38m or -0.2% (heating volumes were lower due to a mild winter in the US and in eastern Europe)...

3 directors bought/sold after exercising options

Three Directors at Veolia Environnement bought/sold after exercising options 31,156 shares at between 19.045EUR and 19.332EUR. The significance rating of the trade was 69/100. 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 tradin...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2019

...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/07/2019

While, since the creation of the banking union, Germany has steadfastly opposed the idea of setting up a common scheme to guarantee savers’ deposits, the article published in the Financial Times on Wednesday 6 November by the German finance minister has come as a bombshell. There is still a long way to go, but this statement responds to a real need for capital market unification and investors want to believe in this scenario. At the sector level, our analysts believe that it will rela...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/11/2019

Alors que l’Allemagne s’est opposée depuis la création de l’Union Bancaire à la création d’un fonds de garantie des dépôts au niveau européen, l’article publié dans le FT du ministre allemand des finances a fait l’effet d’une « bombe ». Il y a loin encore de la coupe aux lèvres, mais cette déclaration répond à un vrai besoin d’unification des marchés de capitaux et les investisseurs veulent y croire. Sur le plan sectoriel, nos analystes pensent qu’elle relancera les scénarios de conso...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Baptiste Lebacq
  • Benoit Valleaux
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Steven Gould

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

...

VEOLIA ENVIRONNEMENT loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of VEOLIA ENVIRONNEMENT (FR), active in the Water industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date August 20, 2019, the closing price was EUR 21.69 and its potential was estimated at EUR 23.85.

Veolia Environnement

Veolia Environnement

Veolia Environnement

Veolia Environnement

MarketLine Department

Waste Management, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Waste Management, 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 Waste Management, 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 competitive advan...

MarketLine Department

Mitsui & Co., Ltd. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Mitsui & Co., Ltd. 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 Mitsui & Co., Ltd. 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. K...

MarketLine Department

SNC-Lavalin Group Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's SNC-Lavalin Group 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 SNC-Lavalin Group 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 competitive advan...

Charles Pinel

Veolia Environnement,18 Avril 2019

Le dividende proposé s'élève à 0,92 € contre 0,84 € l'an passé. Il n'est pas couvert par les bénéfices de l'exercice. L'endettement de la société est significatif. La politique de dividende du groupe semble présenter un risque et génère des interrogations sur sa durabilité. Nous préfèrerions une politique de dividende définie par un pourcentage des résultats de l'exercice à distribuer, cette distribution devant être couverte par les bénéfices. Nous préférons donc ne pas soutenir la distribution envisagée (résolution 4). Trois renouvellements sont proposés au conseil et seront approuvés en rai...

Veolia - Assemblée générale des actionnaires du 18 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Veolia – Proxinvest Corporate Governance Rating ® : C

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...

Charles Pinel

Proxy Report - 19/04/2018

The Company refers to the AFEP-MEDEF Code of Corporate Governance and reports compliance with all the provisions of this code. In particular, the company applies the criterion of directors' term of office as a criterion of independence provided for by the AFEP-MEDEF Code (12 years) whereas it rejected it until now without any relevant justification. Louis Schweitzer and Baudoin Prot are concerned by this change which is important since Louis Schweitzer was vice-chairman and lead director. This is why Maryse Aulagnon has become the lead independent director. Antoine Frérot is one of the many C...

Charles Pinel

Proxy Report - 19/04/2018

La société applique enfin le critère de la durée de mandat des administrateurs comme critère d'indépendance prévu par le code AFEP-MEDEF (12 ans) alors qu'elle le rejetait jusqu'alors sans justification pertinente. Louis Schweitzer et Baudoin Prot sont concernés par ce changement qui n'est pas sans importance puisque Louis Schweitzer était vice-président et administrateur référent. C'est pourquoi Maryse Aulagnon est devenue administratrice référente indépendante. Antoine Frérot fait partie des nombreux Président-Directeurs généraux du CAC 40 dont le renouvellement est demandé cette année. Mal...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

EAFE > EM; Add exposure to Japan Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). Below we highlight attractive and actionable themes within developed int'l: • Japan, Switzerland, Australia, Canada. Major Japanese indexes have been underperforming for nearly two years but are making bullish price and RS inflections and exhibit early signs of bottoming. Switzerland, Australia, and Canada are all trading at multi-year highs and are among the most attractive coun...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Jérôme VINERIER

Analyse court terme - VEOLIA ENVIRONNEMENT : La tendance est baissière.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 17,400 € et que les prix baissent à nouveau vers 16,200 €. La tendance de fond serait remise en cause en cas de franchissement de 18,000 €.

Jérôme VINERIER

Short term view - VEOLIA ENVIRONNEMENT : The trend is bearish.

The trend is bearish. The bounce is gaining strength. The bounce might end at the resistance at €17.400 and prices would fall again toward €16.200. The background trend would be questioned should prices rise above €18.000.

Jérôme VINERIER

Analyse court terme - VEOLIA ENVIRONNEMENT : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 17,400 € prochainement. Le prochain objectif est à 16,200 €, puis 15,392 €. Le franchissement de 18,000 € remettrait en cause la suite de la baisse.

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