Veoneer Inc (NYSE:VNE)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $30.01 and last traded at $31.84, with a volume of 584415 shares traded. The stock had previously closed at $33.35.

A number of equities research analysts recently weighed in on VNE shares. Jefferies Financial Group raised Veoneer from a “hold” rating to a “buy” rating and dropped their price target for the company from $50.00 to $42.00 in a report on Thursday, November 8th. Morgan Stanley cut Veoneer from an “overweight” rating to an “equal weight” rating and set a $43.00 price target for the company. in a report on Thursday. Longbow Research reaffirmed a “hold” rating on shares of Veoneer in a report on Friday, August 24th. Buckingham Research set a $34.00 price target on Veoneer and gave the company a “hold” rating in a report on Tuesday, October 30th. Finally, Macquarie started coverage on Veoneer in a report on Monday, October 8th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Veoneer currently has an average rating of “Hold” and an average target price of $44.47.

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.62 and a quick ratio of 2.35.

Veoneer (NYSE:VNE) last released its earnings results on Thursday, October 25th. The company reported ($0.78) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.78). The firm had revenue of $526.00 million during the quarter, compared to analyst estimates of $532.60 million. Sell-side analysts expect that Veoneer Inc will post -2.84 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Reynders McVeigh Capital Management LLC acquired a new stake in shares of Veoneer in the 3rd quarter valued at $510,000. Vanguard Group Inc. acquired a new stake in shares of Veoneer in the 3rd quarter valued at $76,750,000. Morgan Stanley acquired a new stake in shares of Veoneer in the 3rd quarter valued at $6,943,000. Legal & General Group Plc acquired a new stake in shares of Veoneer in the 3rd quarter valued at $16,015,000. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of Veoneer in the 3rd quarter valued at $191,000. 27.87% of the stock is owned by institutional investors.

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Veoneer Company Profile (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.

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