In a report released today, Anthony Deem from Longbow Research maintained a Buy rating on Veoneer Inc (VNE), with a price target of $26. The company’s shares closed yesterday at $18.61, close to its 52-week low of $18.41.
According to TipRanks.com, Deem has currently no stars on a ranking scale of 0-5 stars, with an average return of -13.0% and a 25.9% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Adient plc, and Lear Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veoneer Inc with a $25.29 average price target.
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Based on Veoneer Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $137 million. In comparison, last year the company had a GAAP net loss of $32.3 million.
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Veoneer, Inc. engages in the design, development, sale, and manufacture of automotive safety electronics. It operates through the Electronics and Brake Systems segments. The Electronics segment consists of safety and restraint control systems product areas. The Brake Systems segment comprises of brake systems product area.
