Analysts release forecast for Renault SA’s earnings for fiscal year 2022 (OTCMKTS:RNLSY)
Renault SA (OTCMKTS: RNLSY – Get a rating) – Jefferies Financial Group raised its earnings per share (EPS) estimates for the fiscal year 2022 for Renault in a research report delivered to customers and investors on Sunday, July 31. Jefferies Financial Group analyst P. Houchois now expects the company to earn ($0.35) per share for the year, up from his previous forecast of ($0.50) . Jefferies Financial Group has a “Buy” rating on the stock. The consensus estimate of Renault’s current annual profit is $0.32 per share. Jefferies Financial Group also released estimates for Renault’s fiscal year 2023 earnings at $2.16 EPS and fiscal year 2024 earnings at $2.50 EPS.
A number of other research analysts have also weighed in on RNLSY recently. Sanford C. Bernstein began Renault coverage in a report on Tuesday, May 17. They issued a “market performance” rating on the stock. UBS Group cut its price target on Renault from €40.00 ($41.24) to €37.00 ($38.14) and set a “buy” rating for the company in a Thursday report July 7. Berenberg Bank launched a hedge on Renault in a research note on Tuesday May 10. They issued a “hold” rating for the company. Barclays raised its price target on Renault from €25.00 ($25.77) to €26.00 ($26.80) in a Tuesday, April 26 research note. Finally, JPMorgan Chase & Co. cut its price target on Renault from €62.00 ($63.92) to €55.00 ($56.70) and set an “overweight” rating on the stock in a report from Wednesday, April 6. One equity research analyst gave the stock a sell rating, four gave the company a hold rating and seven gave the company a buy rating. Based on MarketBeat data, Renault currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.75.
Renault pricing performance
Renault shares opened Wednesday at $6.05. The company’s fifty-day simple moving average is $5.24 and its two-hundred-day simple moving average is $5.66. Renault has a 12-month low of $4.44 and a 12-month high of $8.47.
Renault SA designs, manufactures, sells and distributes vehicles in France and abroad. The Company operates through Automotive, AVTOVAZ, Sales Financing and Mobility Services segments. It offers passenger vehicles, light commercial vehicles and electric vehicles mainly under the Renault, Dacia, Renault Samsung Motors, Alpine, LADA, Jinbei & Huaasong and Eveasy brands, as well as under the Nissan, Datsun and Infiniti brands.
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