Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
  • TickerRNO
  • ISINFR0000131906
  • ExchangeEuronext Paris
  • SectorAutomobiles & Parts
  • CountryFrance
Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

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Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

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Anthony Dick ...
  • Michael Foundoukidis

ODDO : Preview T2/S1 : nous restons sélectifs

>Malgré la Chine, prudence accrue sur les résultats T2 - A la suite de la récente mise à jour de notre scénario de production 2020 (-22%) et alors que les T2/S1 se profilent, nous avons mis à jour nos prévisions sur les constructeurs à l’occasion de ce preview. Avec un redémarrage plus tardif en Amérique du Nord, plus lent/volatil en Europe et malgré la bonne dynamique observée en Chine, le T2 devrait s’avérer encore plus faible que ce nous anticipions à la sortie d...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

Matthieu DRIOL

Short term view - RENAULT SA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €63.55. The background trend would be questioned should prices rise above €78.96.

Matthieu DRIOL

Analyse court terme - RENAULT SA : Les prix baissent.

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 63,55 €. La tendance de fond serait remise en cause en cas de franchissement de 78,96 €.

Matthieu DRIOL

Short term view - RENAULT SA : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €63.55, then €58.51. Passing €78.96 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - RENAULT SA : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 63,55 €, puis 58,51 €. Le franchissement de 78,96 € remettrait en cause la suite de la baisse.

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

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Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

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Anthony Dick ...
  • Michael Foundoukidis

ODDO : Preview T2/S1 : nous restons sélectifs

>Malgré la Chine, prudence accrue sur les résultats T2 - A la suite de la récente mise à jour de notre scénario de production 2020 (-22%) et alors que les T2/S1 se profilent, nous avons mis à jour nos prévisions sur les constructeurs à l’occasion de ce preview. Avec un redémarrage plus tardif en Amérique du Nord, plus lent/volatil en Europe et malgré la bonne dynamique observée en Chine, le T2 devrait s’avérer encore plus faible que ce nous anticipions à la sortie d...

Anthony Dick ...
  • Michael Foundoukidis

ODDO : Q2/H1 previews: we remain selective

>Despite China, increased caution on Q2 releases - Following the recent update to our scenario for production in 2020 (-22%) and with Q2/H1 results looming, we updated our estimates for OEMs in this preview. With a later restart in North America, a slower/more volatile recovery in Europe and despite the good momentum seen in China, Q2 is likely to prove even weaker than we anticipated when Q1 earnings were released (EBIT, FCF) and accounts for most of the fresh dow...

Anthony Dick ...
  • Michael Foundoukidis

Renault : Insuffisant pour revenir dans la course

Le plan de réduction de coûts répond, certes, aux faiblesses du constructeur mais ne nous semble pas suffisamment tenir compte d’un environnement volumes durablement dégradé. Ainsi, nos estimations 2022, ~20% inférieures au consensus, restent largement inférieures à 2019 sur la plupart des agrégats, notamment la MOP Auto et le FCF. Dans ce contexte, l’argument de la valorisation ne nous semble pas, seul, pertinent et nous maintenons notre opinion Neutre, préférant Volkswagen et P...

Renault S.A.: Update following downgrade of ratings to Ba2 with negative outlook

Updated on detailed credit considerations for Renault following the downgrade of Renault's ratings to Ba2 with a negative outlook.

Moody's downgrades Renault's ratings to Ba2; Outlook negative

Rating Action: Moody's downgrades Renault's ratings to Ba2; Outlook negative. Global Credit Research- 28 May 2020. Frankfurt am Main, May 28, 2020-- Moody's Investors Service, has today downgraded Renault S.A.' s corporate family rating to Ba2 from Ba1, the probability of default rating to Ba2-PD from Ba1-PD, the rating of the group's EMTN programme to Ba2 from Ba1 and the ratings on the group's senior unsecured notes to Ba2 from Ba1.

Alex Garrod ...
  • Claire Mezzanotte
  • Mike Babick
  • N/A N/A

The Impact of COVID-19 on Global Auto Wholesale Transactions

New vehicle registrations of passenger cars and light trucks fell substantially in March as a result of the disruptions caused by the coronavirus disease (COVID-19). The fall in registrations and the expectation that many car dealerships will be closed in the short term will likely prolong this effect and have a direct impact on the performance of DBRS Morningstar-rated auto wholesale transactions backed by these vehicles in Europe, Canada, and the U.S. Read more in the commentary below.

Renault S.A.: Update following placing of ratings under review for downgrade

Updated on detailed credit considerations for Renault following the placing of Renault's Ba1 ratings under review for downgrade.

Renault S.A. - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Anthony Dick ...
  • Aurelien Sivignon
  • Emmanuel Matot
  • Fatma Ayachi
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/27/2020

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Anthony Dick ...
  • Emmanuel Matot
  • Jerôme Bodin
  • Michael Foundoukidis
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/27/2020

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Anthony Dick ...
  • Aurelien Sivignon
  • Emmanuel Matot
  • Fatma Ayachi
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 27/05/2020

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Anthony Dick ...
  • Emmanuel Matot
  • Jerôme Bodin
  • Michael Foundoukidis
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/05/2020

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Anthony Dick ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Michael Foundoukidis
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/25/2020

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An increasingly favourable environment allows RENAULT SA to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of RENAULT SA (FR), a company active in the Automobiles industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date September 24, 2019, the closing price was EUR 54.46 and its expected value was estimated at EUR 53.64.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Florian Béchaz

Renault - Assemblée Générale des actionnaires du 10 Juin 2020

 Proxinvest attire l'attention des actionnaires sur plusieurs points. Tout d'abord les modifications de dirigeant. En effet en date du 11 octobre 2019, Thierry Bolloré a quitté ses fonctions de Directeur Général. Il fut remplacé par Clotilde Delbos, prenant les fonctions de Directrice Générale par intérim. En date du 13 février 2020, le conseil d'administration a décidé de la politique de rémunération du nouveau Directeur Général, Luca de Meo, dont le mandat de Directeur Général sera effectif au 1er Juillet 2020. Cette nouvelle politique ne convient aux recommandations de Proxinvest. En effe...

Expert Corporate Governance Service (ECGS)

Renault – AGM 19 June 2020

ECGS draws shareholders' attention to several points.   First of all, the changes of officers. On October 11, 2019, Thierry Bolloré stepped down as Chief Executive Officer. He was replaced by Clotilde Delbos, taking over as interim Chief Executive Officer.   On February 13, 2020, the Board of Directors decided on the compensation policy for the new Chief Executive Officer, Luca de Meo, whose term of office as Chief Executive Officer will be effective on July 1, 2020.   This new policy is not in line with ECGS'guidelines. Indeed, ECGS noted an increase in the fixed remuneration, which bec...

Florian Béchaz

Renault - Assemblée Général des Actionnaires du 19 Juin 2020

Proxinvest attire l'attention des actionnaires sur plusieurs points. Tout d'abord les modifications de dirigeant. En effet en date du 11 octobre 2019, Thierry Bolloré a quitté ses fonctions de Directeur Général. Il fut remplacé par Clotilde Delbos, prenant les fonctions de Directrice Générale par intérim. En date du 13 février 2020, le conseil d'administration a décidé de la politique de rémunération du nouveau Directeur Général, Luca de Meo, dont le mandat de Directeur Général sera effectif au 1er Juillet 2020. Cette nouvelle politique ne convient aux recommandations de Proxinvest. En effet...

Expert Corporate Governance Service (ECGS)

Renault - AGM and EGM 12 June 2019

Accusations of japanese justice against Carlos Ghosn Governance crisis management by Renault Evolution of the board of directors of Renault  

Florian Béchaz

Renault - Assemblée générale des actionnaires du 12 juin 2019

Les accusations de la justice japonaise envers Carlos Ghosn Liste non-exhaustive des manquements rapportes par la presse Gestion de la crise par Renault Evolution de l’alliance Renault-Nissan Evolution du conseil d’administration de Renault

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