Veoneer (NYSE:VNE)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They currently have a $34.00 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 1.95% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Longbow Research reiterated a “hold” rating on shares of Veoneer in a research note on Friday, August 24th. Buckingham Research set a $34.00 price target on shares of Veoneer and gave the stock a “hold” rating in a research note on Tuesday, October 30th. Macquarie started coverage on shares of Veoneer in a research note on Monday, October 8th. They set a “neutral” rating on the stock. BMO Capital Markets decreased their price target on shares of Veoneer from $60.00 to $49.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. They noted that the move was a valuation call. Finally, Royal Bank of Canada lifted their price target on shares of Veoneer to $50.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 27th. Four equities research 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’s stock. Veoneer currently has an average rating of “Hold” and a consensus price target of $45.27.
VNE opened at $33.35 on Tuesday. Veoneer has a fifty-two week low of $30.55 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 posted its quarterly earnings results on Thursday, October 25th. The company reported ($0.78) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.78). The business had revenue of $526.00 million for the quarter, compared to analyst estimates of $532.60 million. Equities research analysts forecast that Veoneer will post -2.88 earnings per share for the current year.
Several large investors have recently modified their holdings of VNE. FMR LLC acquired a new stake in shares of Veoneer in the 3rd quarter valued at $130,329,000. BlackRock Inc. acquired a new stake in shares of Veoneer in the 3rd quarter valued at $127,194,000. Vanguard Group Inc. acquired a new stake in shares of Veoneer in the 3rd quarter valued at $76,750,000. Credit Suisse AG acquired a new stake in shares of Veoneer in the 3rd quarter valued at $64,380,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Veoneer in the 3rd quarter valued at $53,887,000. Institutional investors own 27.87% of the company’s stock.
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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