Veoneer Inc (NYSE:VNE) EVP Arthur Blanchford purchased 632 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was bought at an average cost of $51.68 per share, for a total transaction of $32,661.76. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Veoneer stock traded down $0.03 during mid-day trading on Tuesday, hitting $34.53. 453,521 shares of the company’s stock were exchanged, compared to its average volume of 631,110. Veoneer Inc has a fifty-two week low of $30.74 and a fifty-two week high of $57.93. The company has a quick ratio of 2.35, a current ratio of 2.62 and a debt-to-equity ratio of 0.01.
Veoneer (NYSE:VNE) last issued its quarterly earnings data on Thursday, October 25th. The company reported ($0.78) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.78). The business had revenue of $526.00 million for the quarter, compared to analyst estimates of $532.60 million. As a group, research analysts anticipate that Veoneer Inc will post -2.81 earnings per share for the current year.
A number of research firms have recently weighed in on VNE. BMO Capital Markets cut their price target on Veoneer from $60.00 to $49.00 and set an “outperform” rating on the stock in a research note on Monday. They noted that the move was a valuation call. Buckingham Research set a $34.00 price target on Veoneer and gave the company a “hold” rating in a research note on Tuesday, October 30th. Evercore ISI downgraded Veoneer from an “in-line” rating to an “underperform” rating and set a $35.00 price target on the stock. in a research note on Friday, October 12th. Macquarie began coverage on Veoneer in a research note on Monday, October 8th. They issued a “neutral” rating on the stock. Finally, Wolfe Research began coverage on Veoneer in a research note on Tuesday, October 2nd. They issued an “underperform” rating on the stock. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $46.33.
Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. acquired a new stake in Veoneer during the 3rd quarter worth $109,000. LSV Asset Management acquired a new stake in Veoneer during the 3rd quarter worth $132,000. Phoenix Investment Adviser LLC acquired a new stake in Veoneer during the 2nd quarter worth $144,000. Gabelli Funds LLC acquired a new stake in Veoneer during the 3rd quarter worth $220,000. Finally, CIBC Asset Management Inc acquired a new stake in Veoneer during the 3rd quarter worth $235,000. 8.43% of the stock is currently owned by institutional investors and hedge funds.
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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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