Veoneer (NYSE:VNE) Stock Price Up 0.1%

Veoneer Inc (NYSE:VNE) shares rose 0.1% during trading on Wednesday . The company traded as high as $7.39 and last traded at $7.26, approximately 5,265 shares were traded during mid-day trading. A decline of 99% from the average daily volume of 827,169 shares. The stock had previously closed at $7.25.

VNE has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Veoneer from $15.00 to $7.00 and set a “neutral” rating on the stock in a report on Tuesday. Kepler Capital Markets upgraded Veoneer to a “hold” rating and set a $15.00 price objective on the stock in a report on Monday, March 2nd. Royal Bank of Canada reiterated a “hold” rating and issued a $15.00 price objective on shares of Veoneer in a report on Sunday, February 9th. Zacks Investment Research downgraded Veoneer from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Deutsche Bank upgraded Veoneer from a “sell” rating to a “hold” rating and set a $17.00 price objective on the stock in a report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Veoneer presently has an average rating of “Hold” and an average price target of $20.09.

The business has a 50 day moving average of $11.34 and a 200-day moving average of $14.55. The stock has a market cap of $807.64 million, a PE ratio of -1.49 and a beta of 2.46. The company has a current ratio of 2.79, a quick ratio of 2.55 and a debt-to-equity ratio of 0.11.

Veoneer (NYSE:VNE) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.87) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.11) by $0.24. The firm had revenue of $456.00 million for the quarter, compared to the consensus estimate of $459.61 million. Veoneer had a negative return on equity of 26.44% and a negative net margin of 26.25%. Research analysts expect that Veoneer Inc will post -4.03 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in VNE. NEXT Financial Group Inc purchased a new position in Veoneer during the 4th quarter worth approximately $30,000. Aigen Investment Management LP acquired a new stake in shares of Veoneer in the 4th quarter valued at approximately $31,000. Tower Research Capital LLC TRC lifted its holdings in shares of Veoneer by 19,195.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,052 shares of the company’s stock valued at $63,000 after buying an additional 4,031 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Veoneer in the 4th quarter valued at approximately $73,000. Finally, Virtu Financial LLC acquired a new stake in shares of Veoneer in the 3rd quarter valued at approximately $195,000. Hedge funds and other institutional investors own 26.97% of the company’s stock.

About Veoneer (NYSE:VNE)

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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