Longbow Research analyst Anthony Deem reiterated a Buy rating on Veoneer Inc (VNE) today and set a price target of $26. The company’s shares closed yesterday at $17.07, close to its 52-week low of $15.41.
According to TipRanks.com, Deem has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.3% and a 29.0% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Adient plc, and Lear Corp.
Currently, the analyst consensus on Veoneer Inc is a Moderate Buy with an average price target of $24.57.
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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.
