Kepler Capital analyst Michael Raab maintained a Hold rating on Veoneer (NYSE:VNE) Inc on Thursday, setting a price target of $9, which is approximately 25.74% below the present share price of $12.12.
Raab expects Veoneer Inc to post earnings per share (EPS) of -$2.09 for the second quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Veoneer, with an average price target of $10.57.
The analysts price targets range from a high of $20 to a low of $8.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $362 million and a net profit of -$122 million. The company's market cap is $1.45 billion.
According to TipRanks.com, Kepler Capital analyst Michael Raab is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 4.7% and a 52.00% 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.