Evercore ISI analyst Chris McNally maintained a Sell rating on Veoneer (NYSE:VNE) Inc on Wednesday, setting a price target of $15, which is approximately 34.75% below the present share price of $22.99.
McNally expects Veoneer Inc to post earnings per share (EPS) of -$0.82 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Sell rating of shares in Veoneer, with an average price target of $22.9.
The analysts price targets range from a high of $32 to a low of $15.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $455 million and a net profit of -$77 million. The company's market cap is $2.57 billion.
According to TipRanks.com, Evercore ISI analyst Chris McNally is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -4.2% and a 57.58% success rate.
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. Its products include advanced driver assistance systems and highly automated driving solutions with focus on autonomous driving. The company was founded on April 1, 2018 and is headquartered in Stockholm, Sweden.