Deutsche Bank upgraded shares of Veoneer (NYSE:VNE) from a sell rating to a hold rating in a research note released on Monday morning, Benzinga reports. Deutsche Bank currently has $17.00 price target on the stock.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Veoneer from a strong-buy rating to a hold rating in a research report on Saturday, January 11th. Guggenheim initiated coverage on shares of Veoneer in a research report on Tuesday, October 15th. They issued a neutral rating on the stock. Barclays lifted their price objective on shares of Veoneer from $21.00 to $22.00 and gave the company an overweight rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reiterated a hold rating and issued a $15.00 price objective on shares of Veoneer in a research report on Sunday, February 9th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $23.00.

Veoneer stock opened at $14.94 on Monday. The firm’s 50-day moving average is $14.32 and its 200-day moving average is $15.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.35 and a current ratio of 2.61. Veoneer has a 1 year low of $12.98 and a 1 year high of $31.37. The company has a market cap of $1.62 billion, a P/E ratio of -2.97 and a beta of 3.05.

Veoneer (NYSE:VNE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.87) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.24. Veoneer had a negative net margin of 26.25% and a negative return on equity of 26.12%. The company had revenue of $456.00 million for the quarter, compared to the consensus estimate of $459.61 million. As a group, sell-side analysts predict that Veoneer will post -3.95 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. NEXT Financial Group Inc bought a new stake in Veoneer in the 4th quarter valued at about $30,000. Aigen Investment Management LP bought a new stake in Veoneer in the 4th quarter valued at about $31,000. Tower Research Capital LLC TRC lifted its position in 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 purchasing an additional 4,031 shares during the last quarter. Atria Investments LLC bought a new stake in Veoneer in the 2nd quarter valued at about $86,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Veoneer by 30.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,853 shares of the company’s stock valued at $118,000 after purchasing an additional 1,845 shares during the last quarter. Hedge funds and other institutional investors own 28.01% of the company’s stock.

About Veoneer

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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Analyst Recommendations for Veoneer (NYSE:VNE)

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