Veoneer Inc (NYSE:VNE) shot up 5.8% during trading on Tuesday . The company traded as high as $47.53 and last traded at $46.77. 1,105,668 shares traded hands during mid-day trading, an increase of 91% from the average session volume of 579,801 shares. The stock had previously closed at $44.22.

A number of research firms have commented on VNE. Guggenheim began coverage on shares of Veoneer in a research report on Wednesday, June 20th. They issued a “neutral” rating and a $38.00 target price for the company. Evercore ISI began coverage on shares of Veoneer in a research report on Monday, July 2nd. They issued a $35.00 target price for the company. Royal Bank of Canada began coverage on shares of Veoneer in a research report on Monday, July 2nd. They issued a “sector perform” rating and a $37.00 target price for the company. Mizuho began coverage on shares of Veoneer in a research report on Tuesday, July 17th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Cowen began coverage on shares of Veoneer in a research report on Monday, July 2nd. They issued a “market perform” rating and a $39.00 target price for the company. Four 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. The stock has a consensus rating of “Hold” and an average target price of $47.67.

Veoneer (NYSE:VNE) last released its quarterly earnings data on Friday, July 27th. The company reported ($0.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.08). The firm had revenue of $572.00 million for the quarter, compared to analysts’ expectations of $592.80 million. Equities research analysts predict that Veoneer Inc will post -2.54 EPS for the current year.

In other Veoneer news, CEO Jan Carlson acquired 50,000 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were purchased at an average price of $50.65 per share, for a total transaction of $2,532,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mathias Hermansson acquired 2,500 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average price of $55.43 per share, for a total transaction of $138,575.00. The disclosure for this purchase can be found here. Insiders bought 53,100 shares of company stock worth $2,701,501 in the last quarter.

Several large investors have recently added to or reduced their stakes in VNE. Folketrygdfondet acquired a new stake in Veoneer during the second quarter valued at $11,897,000. Phoenix Investment Adviser LLC acquired a new stake in Veoneer during the second quarter valued at $144,000. Northern Trust Corp acquired a new stake in Veoneer during the second quarter valued at $1,053,000. Bank of Montreal Can acquired a new stake in Veoneer during the third quarter valued at $300,000. Finally, Nikko Asset Management Americas Inc. acquired a new stake in Veoneer during the third quarter valued at $7,478,000. Hedge funds and other institutional investors own 7.93% of the company’s stock.

About Veoneer (NYSE:VNE)

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.

See Also: What is a Stop Order?

Receive News & Ratings for Veoneer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veoneer and related companies with MarketBeat.com's FREE daily email newsletter.