Veoneer (NYSE:VNE) Price Target Cut to $30.00 by Analysts at BMO Capital Markets

Veoneer (NYSE:VNE) had its target price trimmed by BMO Capital Markets to $30.00 in a research report sent to investors on Monday, May 6th, The Fly reports. The brokerage currently has an outperform rating on the stock.

VNE has been the topic of a number of other research reports. Robert W. Baird raised Veoneer from an underperform rating to a neutral rating and upped their target price for the company from $21.00 to $28.00 in a research note on Tuesday, April 23rd. Barclays reaffirmed a buy rating on shares of Veoneer in a research note on Sunday, May 5th. Zacks Investment Research lowered Veoneer from a hold rating to a sell rating in a research note on Saturday, May 4th. Nordea Equity Research lowered Veoneer from a buy rating to a hold rating in a research note on Thursday, February 14th. Finally, Longbow Research raised Veoneer from a neutral rating to a buy rating and set a $40.00 target price on the stock in a research note on Monday, January 14th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Veoneer currently has a consensus rating of Hold and an average price target of $37.60.

VNE stock traded down $0.19 on Monday, reaching $16.55. The company had a trading volume of 760,708 shares, compared to its average volume of 764,390. Veoneer has a 1 year low of $16.37 and a 1 year high of $57.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.99 and a current ratio of 2.28. The firm has a market cap of $1.54 billion and a P/E ratio of -5.22.

Several institutional investors have recently modified their holdings of VNE. Bank of New York Mellon Corp purchased a new position in shares of Veoneer during the 3rd quarter worth $27,276,000. JPMorgan Chase & Co. purchased a new position in shares of Veoneer during the 3rd quarter worth $3,542,000. Neuberger Berman Group LLC purchased a new position in shares of Veoneer during the 3rd quarter worth $21,730,000. Morgan Stanley acquired a new stake in shares of Veoneer during the 3rd quarter worth $6,943,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Veoneer during the 3rd quarter worth $76,750,000. 22.07% of the stock is currently owned by institutional investors.

Veoneer Company Profile

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.

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The Fly

Analyst Recommendations for Veoneer (NYSE:VNE)

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