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

Tony Lebon

Forum des 9 et 10 janvier 2020 à Lyon : Feedback Obligations Convertibles

Notre Forum annuel Oddo BHF 2020 vient de se dérouler à Lyon : il a réuni 251 sociétés, dont 57% étrangères, près de 575 investisseurs, soit près de 6 800 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs/sous-jacents d’obligations convertibles présents. - - >Investment Grade - Atos, Covivio, Edenred, Grand City Properties, MTU Aero Engines, Suez, TAG Immobilien, Unibail-Rodamco-Westfield, Veolia, Vinci, WorldlineHigh Yield - Co...

Tony Lebon

Lyon Forum of 9 and 10 January: Feedback on Convertible Bonds

Our annual Oddo BHF 2020 Forum has just taken place in Lyon: it hosted 251 companies, 57% of which were foreign companies, nearly 575 investors, i.e. nearly 6,800 one-to-one meetings. - This document summarises our feedback on the convertible bond issuers/underlying stocks present. - - - >Investment Grade - Atos, Covivio, Edenred, Grand City Properties, MTU Aero Engines, Suez, TAG Immobilien, Unibail-Rodamco-Westfield, Veolia, Vinci, WorldlineHigh Yield - §se...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 9 and 10 January 2020

Our 2020 Oddo BHF annual Forum in Lyon brought together 251 companies, including 57% of foreign companies and nearly 575 investors, meaning almost 6,800 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies who attended the forum. - - >Investment Grade - Accor, Arkema, Atos, Coface, Covivio, Easyjet, Edenred, Engie, Eutelsat, Gecina, Grand City Properties, ISS, Imerys, JCDecaux, MTU Aero Engines, Scor, Solvay, Suez...

Carole Braudeau

Recordati : Feedback Crédit Forum des 9 et 10 janvier 2020

Notre Forum annuel Oddo BHF 2020 vient de se dérouler à Lyon : il a réuni 251 sociétés, dont 57% étrangères et près de 575 investisseurs, soit l’équivalent de près de 6 800 meetings - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - >Investment Grade - Accor, Arkema, Atos, Coface, Covivio, Easyjet, Edenred, Engie, Eutelsat, Gecina, Grand City Properties, Imerys, ISS, JCDecaux, Lanxess, MTU ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 31/12/2019 - Sidérurgie

Sidérurgie: Recul attendu de la demande d’environ -3% en 2019 en Europe avec un embellie de +1,4% en 2020 Banca Popolare di Bari: Besoin de recapitalisation révisé à la hausse à €1,4md BMPS (Vente) : Cession de prêts douteux d'une valeur d'environ €1,8 md CNP Assurances (Achat): Feu vert à la prise de contrôle par la Banque Postale (Achat) Fusions – Acquisitions : Total de  $3.800 mds de transactions en 2019 (-4%) Veolia (Conserver) : Finalise la cession de ses réseaux de chaleur et de froid aux Etats-Unis pour $1,3 md Grupo Aldesa (Neu...

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

Tony Lebon

Forum des 9 et 10 janvier 2020 à Lyon : Feedback Obligations Convertibles

Notre Forum annuel Oddo BHF 2020 vient de se dérouler à Lyon : il a réuni 251 sociétés, dont 57% étrangères, près de 575 investisseurs, soit près de 6 800 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs/sous-jacents d’obligations convertibles présents. - - >Investment Grade - Atos, Covivio, Edenred, Grand City Properties, MTU Aero Engines, Suez, TAG Immobilien, Unibail-Rodamco-Westfield, Veolia, Vinci, WorldlineHigh Yield - Co...

Tony Lebon

Lyon Forum of 9 and 10 January: Feedback on Convertible Bonds

Our annual Oddo BHF 2020 Forum has just taken place in Lyon: it hosted 251 companies, 57% of which were foreign companies, nearly 575 investors, i.e. nearly 6,800 one-to-one meetings. - This document summarises our feedback on the convertible bond issuers/underlying stocks present. - - - >Investment Grade - Atos, Covivio, Edenred, Grand City Properties, MTU Aero Engines, Suez, TAG Immobilien, Unibail-Rodamco-Westfield, Veolia, Vinci, WorldlineHigh Yield - §se...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 9 and 10 January 2020

Our 2020 Oddo BHF annual Forum in Lyon brought together 251 companies, including 57% of foreign companies and nearly 575 investors, meaning almost 6,800 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies who attended the forum. - - >Investment Grade - Accor, Arkema, Atos, Coface, Covivio, Easyjet, Edenred, Engie, Eutelsat, Gecina, Grand City Properties, ISS, Imerys, JCDecaux, MTU Aero Engines, Scor, Solvay, Suez...

Carole Braudeau

Recordati : Feedback Crédit Forum des 9 et 10 janvier 2020

Notre Forum annuel Oddo BHF 2020 vient de se dérouler à Lyon : il a réuni 251 sociétés, dont 57% étrangères et près de 575 investisseurs, soit l’équivalent de près de 6 800 meetings - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - >Investment Grade - Accor, Arkema, Atos, Coface, Covivio, Easyjet, Edenred, Engie, Eutelsat, Gecina, Grand City Properties, Imerys, ISS, JCDecaux, Lanxess, MTU ...

Louis Boujard, CFA ...
  • Philippe Ourpatian

Veolia : Highway to hazardous waste!

>Buy rating maintained – target price adjusted to € 32.8 (vs € 30.0) - At the start of 2020, we have adjusted our target price to € 32.8 (vs € 30.0) to reflect the roll-over to 2020 of our valuation base. With no modifications, the valuation is based on average historical multiples over the period 2000/2019 applied to the 2020 estimates (vs 2019 before). We are maintaining our Buy recommendation. The two transactions at the start of this year (acquisition in hazardous...

Veolia Environnement: 1 director bought

A director at Veolia Environnement bought 6,500 shares at 23.108EUR and the significance rating of the trade was 65/100. 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 o...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/06/2020

The rotation towards cyclicals penalised tyre names in H2, but they could return to favour in 2020 thanks to their strengths (lower volume sensitivity, price mix, firm grip on capex, FCF, etc.), attractive valuations and despite persistent volumes weakness (estimates cut by ~3% on avg.). However, a selective approach is called for. We play Michelin vs Continental (Large Caps) and Pirelli vs Nokian (Midcaps). - Cf. sector report published this morning. - ...

Alfred Glaser ...
  • Bruno Cavalier
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/01/2020

Après avoir été pénalisés par la rotation vers les cycliques au S2, les pneumaticiens pourraient revenir en grâce en 2020 et profiter de leurs atouts (moindre sensibilité volumes, prix-mix, investissements maîtrisés, FCF…) et d’une valorisation attractive, malgré notre prudence sur les volumes (estim. -3%en moy.). Il faudra cependant rester sélectif. Nous jouons Michelin vs Continental (Large Caps) et Pirelli vs Nokian (Midcaps). - Cf. étude publiée ce jour. - ...

Florent Laroche-Joubert ...
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Matthias Desmarais
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/26/2019

...

Florent Laroche-Joubert ...
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Matthias Desmarais
  • Philippe Ourpatian

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/11/2019

...

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

...

With a more favourable environment, VEOLIA ENVIRONNEMENT improves to Positive

VEOLIA ENVIRONNEMENT (FR), a company active in the Water industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date December 17, 2019, the closing price was EUR 23.84 and its potential was estimated at EUR 25.03.

Veolia Environnement

Veolia Environnement

Veolia Environnement

Veolia Environnement

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/CSPP, Deutsche Bank, Metro, and EDF and Veolia

A quiet December started with muted CSPP activity

Xavier Regnard

Cleantech & Energy transition: Top Pick for Q1 2020: Veolia

Cleantech & Energy transition Top Pick for Q1 2020: Veolia Looking back at 2019 How do we see Q1 2020? We upgrade Veolia to Buy Top Pick Still a cautious stance on Suez

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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