Shares of Veoneer Inc (NYSE:VNE) have been given an average rating of “Hold” by the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $45.57.

VNE has been the topic of a number of research reports. Mizuho initiated coverage on Veoneer in a report on Tuesday, July 17th. They issued a “buy” rating and a $60.00 price target on the stock. BMO Capital Markets lowered their price target on Veoneer from $60.00 to $49.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. They noted that the move was a valuation call. Buckingham Research initiated coverage on Veoneer in a report on Wednesday, September 19th. They issued a “neutral” rating and a $48.00 price target on the stock. Royal Bank of Canada upped their price target on Veoneer to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, September 27th. Finally, Citigroup initiated coverage on Veoneer in a report on Wednesday, July 18th. They issued a “neutral” rating and a $51.00 price target on the stock.

In related news, CEO Jan Carlson bought 50,000 shares of the stock in a transaction on 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur Blanchford bought 632 shares of the stock in a transaction on Wednesday, August 22nd. The shares were bought at an average price of $51.68 per share, for a total transaction of $32,661.76. The disclosure for this purchase can be found here.

A number of large investors have recently made changes to their positions in VNE. Folketrygdfondet acquired a new stake in Veoneer during the 2nd quarter valued at $11,897,000. Phoenix Investment Adviser LLC acquired a new stake in Veoneer during the 2nd quarter valued at $144,000. Northern Trust Corp acquired a new stake in Veoneer during the 2nd quarter valued at $1,053,000. Bank of Montreal Can purchased a new position in shares of Veoneer during the 3rd quarter worth $300,000. Finally, Nikko Asset Management Americas Inc. purchased a new position in shares of Veoneer during the 3rd quarter worth $7,478,000. Hedge funds and other institutional investors own 8.43% of the company’s stock.

Shares of VNE traded down $1.98 on Monday, reaching $34.08. The stock had a trading volume of 475,089 shares, compared to its average volume of 909,642. 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 $30.74 and a twelve month high of $57.93.

Veoneer (NYSE:VNE) last released its quarterly earnings results on Thursday, October 25th. The company reported ($0.78) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.78). The firm had revenue of $526.00 million during the quarter, compared to analyst estimates of $532.60 million. On average, equities analysts expect that Veoneer will post -2.81 EPS for the current year.

About Veoneer

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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Analyst Recommendations for Veoneer (NYSE:VNE)

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