Veoneer Inc (NYSE:VNE) shares dropped 3.4% during trading on Thursday . The stock traded as low as $15.27 and last traded at $14.89, approximately 10,962 shares traded hands during mid-day trading. A decline of 98% from the average daily volume of 667,857 shares. The stock had previously closed at $15.41.
VNE has been the topic of several analyst reports. Robert W. Baird lowered their target price on Veoneer from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 30th. Credit Suisse Group initiated coverage on Veoneer in a research report on Thursday, June 27th. They issued a “neutral” rating and a $18.00 target price on the stock. Mizuho lowered their target price on Veoneer from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Barclays restated a “buy” rating on shares of Veoneer in a research report on Sunday, May 5th. Finally, ValuEngine upgraded Veoneer from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.92.
The company has a market capitalization of $1.78 billion and a price-to-earnings ratio of -4.71. The firm has a 50-day moving average price of $16.86 and a 200-day moving average price of $21.85. The company has a current ratio of 3.07, a quick ratio of 2.80 and a debt-to-equity ratio of 0.13.
Veoneer Company Profile (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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