Shares of Veoneer Inc (NYSE:VNE) have been assigned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $45.57.
A number of analysts have commented on VNE shares. UBS Group cut shares of Veoneer from a “neutral” rating to a “sell” rating and set a $44.00 target price for the company. in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Royal Bank of Canada upped their target price on shares of Veoneer to $50.00 and gave the company a “sector perform” rating in a report on Thursday, September 27th. Macquarie started coverage on shares of Veoneer in a report on Monday, October 8th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of Veoneer from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Finally, Wolfe Research started coverage on shares of Veoneer in a report on Tuesday, October 2nd. They set an “underperform” rating for the company.
Several institutional investors and hedge funds have recently bought and sold shares of VNE. Phoenix Investment Adviser LLC bought a new position in shares of Veoneer in the second quarter worth approximately $144,000. Northern Trust Corp bought a new position in shares of Veoneer during the second quarter worth $1,053,000. Bank of Montreal Can bought a new position in shares of Veoneer during the third quarter worth $300,000. Nikko Asset Management Americas Inc. bought a new position in shares of Veoneer during the third quarter worth $7,478,000. Finally, Gateway Investment Advisers LLC bought a new position in shares of Veoneer during the third quarter worth $3,033,000. Institutional investors and hedge funds own 22.30% of the company’s stock.
VNE opened at $31.60 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.35 and a current ratio of 2.62. Veoneer has a twelve month low of $30.55 and a twelve month high of $57.93.
Veoneer (NYSE:VNE) last announced its earnings results on Thursday, October 25th. The company reported ($0.78) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.78). The business had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $532.60 million. As a group, sell-side analysts expect that Veoneer will post -2.88 EPS for the current fiscal year.
Veoneer Company Profile
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronics products. The company offers automotive radars, cameras with driver assist systems, night vision systems, positioning systems, restraint control, sensing, and brake systems. The company is based in Stockholm, Sweden.
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