Mizuho Securities Stick to Their Buy Rating for Veoneer Inc

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Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Veoneer (NYSE:VNE) Inc on Friday, setting a price target of $20, which is approximately 45.45% above the present share price of $13.75.

Rakesh expects Veoneer Inc to post earnings per share (EPS) of -$2.09 for the third 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 $11.71.
The analysts price targets range from a high of $20 to a low of $9.

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 $1.53 billion.

According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.6% and a 65.41% 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.

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