Veoneer (VNE) Price Target Cut to $30.00

Veoneer (VNE) Price Target Cut to $30.00

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

VNE has been the topic of several other reports. Zacks Investment Research raised Veoneer from a sell rating to a hold rating in a research report on Saturday, April 27th. Barclays reissued a buy rating on shares of Veoneer in a research report on Sunday, May 5th. Mizuho dropped their price target on Veoneer from $40.00 to $35.00 and set a buy rating on the stock in a research report on Tuesday, April 30th. Nordea Equity Research lowered Veoneer from a buy rating to a hold rating in a research report on Thursday, February 14th. Finally, Robert W. Baird raised Veoneer from an underperform rating to a neutral rating and upped their price target for the company from $21.00 to $28.00 in a research report on Tuesday, April 23rd. Five analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $38.53.

Shares of Veoneer stock opened at $20.70 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.28 and a quick ratio of 1.99. Veoneer has a 12-month low of $20.32 and a 12-month high of $57.93.

A number of hedge funds have recently modified their holdings of VNE. Vanguard Group Inc acquired a new position in Veoneer in the 3rd quarter worth about $76,750,000. Vanguard Group Inc. acquired a new position in Veoneer in the 3rd quarter worth about $76,750,000. Norges Bank acquired a new position in Veoneer in the 4th quarter worth about $19,914,000. Bank of New York Mellon Corp acquired a new position in Veoneer in the 3rd quarter worth about $27,276,000. Finally, Neuberger Berman Group LLC acquired a new position in Veoneer in the 3rd quarter worth about $21,730,000. 25.15% 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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