Brokers

Brokers Offer Predictions for Renault SA’s FY2023 Earnings (OTCMKTS:RNLSY)


Renault SA (OTCMKTS:RNLSYGet Rating) – Jefferies Financial Group reduced their FY2023 earnings per share estimates for shares of Renault in a report released on Monday, July 11th. Jefferies Financial Group analyst P. Houchois now anticipates that the company will earn $2.09 per share for the year, down from their previous estimate of $2.15. Jefferies Financial Group currently has a “Buy” rating on the stock. The consensus estimate for Renault’s current full-year earnings is $0.32 per share. Jefferies Financial Group also issued estimates for Renault’s FY2024 earnings at $2.41 EPS.

Several other equities analysts have also recently commented on the company. Credit Suisse Group reduced their target price on Renault from €37.00 ($37.00) to €24.00 ($24.00) and set a “neutral” rating for the company in a research note on Monday, March 28th. Sanford C. Bernstein initiated coverage on Renault in a research note on Tuesday, May 17th. They set a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Renault from €40.00 ($40.00) to €35.00 ($35.00) in a research note on Thursday, March 31st. UBS Group reduced their price objective on Renault from €40.00 ($40.00) to €37.00 ($37.00) and set a “buy” rating on the stock in a research note on Thursday, July 7th. Finally, Berenberg Bank initiated coverage on Renault in a research note on Tuesday, May 10th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.75.

Renault stock opened at $4.63 on Wednesday. The stock has a 50 day moving average of $5.11 and a 200-day moving average of $5.86. Renault has a 52 week low of $4.44 and a 52 week high of $8.47.

Renault Company Profile (Get Rating)

Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company operates through Automotive, AVTOVAZ, Sales Financing, and Mobility Services segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, LADA, Jinbei & Huaasong, and Eveasy, as well as under the Nissan, Datsun, and Infiniti brands.

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Earnings History and Estimates for Renault (OTCMKTS:RNLSY)



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