Veoneer Inc (NYSE:VNE) – Stock analysts at Jefferies Financial Group decreased their Q2 2019 EPS estimates for Veoneer in a research report issued to clients and investors on Tuesday, April 30th, Zacks Investment Research reports. Jefferies Financial Group analyst D. Kelley now anticipates that the company will earn ($1.78) per share for the quarter, down from their previous forecast of ($0.74). Jefferies Financial Group also issued estimates for Veoneer’s Q3 2019 earnings at ($1.17) EPS, Q4 2019 earnings at ($1.02) EPS, FY2019 earnings at ($5.55) EPS and FY2020 earnings at ($3.38) EPS.
VNE has been the subject of several other research reports. Zacks Investment Research cut Veoneer from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Nordea Equity Research cut Veoneer from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. Barclays reiterated a “buy” rating on shares of Veoneer in a research report on Sunday, May 5th. Robert W. Baird cut their price objective on Veoneer from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Finally, BMO Capital Markets cut their price objective on Veoneer to $30.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Veoneer currently has an average rating of “Hold” and a consensus target price of $38.53.
A number of institutional investors have recently bought and sold shares of VNE. Vanguard Group Inc acquired a new stake in Veoneer in the third quarter valued at $76,750,000. Vanguard Group Inc. acquired a new stake in shares of Veoneer during the third quarter valued at $76,750,000. Norges Bank acquired a new stake in shares of Veoneer during the fourth quarter valued at $19,914,000. Bank of New York Mellon Corp acquired a new stake in shares of Veoneer during the third quarter valued at $27,276,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Veoneer during the third quarter valued at $21,730,000. 25.50% of the stock is currently owned by institutional investors.
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems. The company provides automotive radars, night driving assist systems, positioning systems, advanced driver assistance systems (ADAS), night vision systems, brake control systems, electronic control units, active safety sensors, and controllers; mono-and stereo-vision cameras; and passive safety electronics, such as airbag control units and crash sensors.
Featured Article: Roth IRA
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.