VALEO/S (OTCMKTS:VLEEY) Stock Rating Upgraded by Zacks Investment Research
According to Zacks, “Valeo SA designs, produces, and sells components, integrated systems, and modules for automobile industry. The Company has four business groups supplying products to the original equipment market and the aftermarket. The 4 Business Groups are: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems, and Visibility Systems. The Powertrain Systems offers electrical systems, transmission systems and hybrid and electric vehicle systems. The Thermal Systems products include climate control, compressors and front-end modules. The Comfort and Driving Assistance Systems products comprise driving assistance and access mechanisms. The Visibility Systems products are lighting systems, wiper Systems and wiper Motors. Valeo SA is headquartered in Paris, France. “
Several other analysts have also issued reports on the stock. Goldman Sachs Group lowered shares of VALEO/S from a “neutral” rating to a “sell” rating in a research note on Monday, August 19th. ValuEngine upgraded shares of VALEO/S from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada assumed coverage on shares of VALEO/S in a research note on Monday, June 3rd. They issued an “underperform” rating for the company. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.00.
VALEO/S Company Profile
Valeo SA designs, produces, and sells components, integrated systems, and modules for the automotive sector worldwide. The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems. It offers parking and driving assistance products, such as ultrasonic sensors, radars, and cameras to detect obstacles around vehicles; intuitive control products; and a range of connectivity solutions from short-range to long-range connectivity, as well as develops systems that enable the integration of applications, such as car sharing services and remote parking systems.
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