Veoneer (VNE) Given Hold Rating at Longbow Research
“We met with VNE’s IR team at Longbow’s 11th Annual Industrial Conference and have the following takeaways:.”,” Longbow Research’s analyst wrote.
VNE has been the topic of several other research reports. Daiwa Capital Markets started coverage on Veoneer in a research note on Wednesday, July 11th. They set a neutral rating and a $45.00 target price on the stock. Morgan Stanley started coverage on Veoneer in a research note on Tuesday, July 10th. They set an overweight rating and a $55.00 target price on the stock. Citigroup started coverage on Veoneer in a research note on Wednesday, July 18th. They set a neutral rating and a $51.00 target price on the stock. Jefferies Financial Group started coverage on Veoneer in a research note on Monday, July 16th. They set a hold rating and a $50.00 target price on the stock. Finally, Mizuho started coverage on Veoneer in a research note on Tuesday, July 17th. They set a buy rating and a $60.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Veoneer currently has a consensus rating of Hold and an average target price of $47.07.
Veoneer (NYSE:VNE) last announced its earnings results on Friday, July 27th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.08). The business had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $592.80 million. research analysts anticipate that Veoneer will post -2.55 earnings per share for the current year.
In other news, EVP Mikko S. Taipale purchased 600 shares of the stock in a transaction dated Wednesday, August 1st. The shares were bought at an average cost of $50.71 per share, for a total transaction of $30,426.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mathias Hermansson purchased 2,500 shares of the stock in a transaction dated Friday, August 10th. The shares were purchased 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.
A hedge fund recently bought a new stake in Veoneer stock. Phoenix Investment Adviser LLC bought a new position in Veoneer Inc (NYSE:VNE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,600 shares of the company’s stock, valued at approximately $144,000. Hedge funds and other institutional investors own 0.62% 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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