Veoneer Inc (VNE) Given Average Rating of “Hold” by Brokerages

Veoneer Inc (NYSE:VNE) has earned an average recommendation of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.64.

Several research analysts have issued reports on the company. Morgan Stanley lowered Veoneer from an “overweight” rating to an “equal weight” rating and set a $43.00 target price for the company. in a research report on Thursday, December 6th. Jefferies Financial Group upgraded Veoneer from a “hold” rating to a “buy” rating and dropped their target price for the company from $50.00 to $42.00 in a research report on Thursday, November 8th. Buckingham Research set a $34.00 target price on Veoneer and gave the company a “hold” rating in a research report on Tuesday, October 30th. Robert W. Baird lowered Veoneer from a “neutral” rating to an “underperform” rating in a research report on Friday, January 4th. Finally, KeyCorp assumed coverage on Veoneer in a research report on Monday, December 10th. They set a “sector weight” rating for the company.

Shares of NYSE:VNE opened at $28.94 on Wednesday. Veoneer has a 1 year low of $22.63 and a 1 year high of $57.93. The company has a current ratio of 2.62, a quick ratio of 2.35 and a debt-to-equity ratio of 0.01.

Several hedge funds and other institutional investors have recently made changes to their positions in VNE. FMR LLC purchased a new stake in shares of Veoneer in the third quarter valued at approximately $130,329,000. BlackRock Inc. purchased a new stake in shares of Veoneer in the third quarter valued at approximately $127,194,000. Vanguard Group Inc purchased a new stake in shares of Veoneer in the third quarter valued at approximately $76,750,000. Vanguard Group Inc. purchased a new stake in shares of Veoneer in the third quarter valued at approximately $76,750,000. Finally, Credit Suisse AG purchased a new stake in shares of Veoneer in the third quarter valued at approximately $64,380,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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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Analyst Recommendations for Veoneer (NYSE:VNE)

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