Veoneer Inc (NYSE:VNE) has earned an average rating of “Hold” from the twenty brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $37.77.
VNE has been the subject of a number of analyst reports. Mizuho decreased their target price on shares of Veoneer from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Barclays reaffirmed a “buy” rating on shares of Veoneer in a research report on Sunday, May 5th. Robert W. Baird decreased their target price on shares of Veoneer from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Zacks Investment Research downgraded shares of Veoneer from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Finally, BMO Capital Markets decreased their target price on shares of Veoneer to $30.00 and set an “outperform” rating for the company in a research report on Monday, May 6th.
Veoneer stock traded up $0.11 during mid-day trading on Tuesday, reaching $17.42. The company’s stock had a trading volume of 478,038 shares, compared to its average volume of 795,110. The stock has a market cap of $1.55 billion and a P/E ratio of -5.50. Veoneer has a 12 month low of $15.41 and a 12 month high of $57.93. The firm’s 50 day simple moving average is $17.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.28 and a quick ratio of 1.99.
Veoneer (NYSE:VNE) last released its earnings results on Monday, April 29th. The company reported ($1.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.31) by ($0.26). The business had revenue of $494.00 million during the quarter, compared to the consensus estimate of $512.35 million. Veoneer had a negative net margin of 17.96% and a negative return on equity of 19.50%. As a group, analysts predict that Veoneer will post -5.35 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in VNE. JPMorgan Chase & Co. acquired a new stake in Veoneer in the third quarter valued at $3,542,000. Morgan Stanley acquired a new stake in Veoneer in the third quarter valued at $6,943,000. KBC Group NV lifted its stake in Veoneer by 20.2% in the fourth quarter. KBC Group NV now owns 15,170 shares of the company’s stock valued at $358,000 after acquiring an additional 2,546 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Veoneer in the fourth quarter valued at $348,000. Finally, Canada Pension Plan Investment Board lifted its stake in Veoneer by 368.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,982 shares of the company’s stock valued at $188,000 after acquiring an additional 6,279 shares during the last quarter. Hedge funds and other institutional investors own 22.07% of the company’s stock.
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems. The company provides automotive radars, night driving assist systems, positioning systems, advanced driver assistance systems (ADAS), night vision systems, brake control systems, electronic control units, active safety sensors, and controllers; mono-and stereo-vision cameras; and passive safety electronics, such as airbag control units and crash sensors.
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