Rating Flow: Valeo SA (NYSE:VLEEY) Is a Stock Goldman Sachs Is Wary of; Firm Downgrades It

November 23, 2016 - By Richard Conner

Rating Flow: Valeo SA (NYSE:VLEEY) Is a Stock Goldman Sachs Is Wary of; Firm Downgrades It

Valeo SA (NYSE:VLEEY) Downgrade

Goldman Sachs has lowered Valeo SA (NYSE:VLEEY) stock to Sell in a an analyst note shared with investors on Wednesday morning. VLEEY’s old rating was Neutral.

Valeo, SA (USA) (OTCMKTS:VLEEY) Ratings Coverage

Out of 3 analysts covering Valeo SA (NYSE:VLEEY), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Valeo SA has been the topic of 3 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Berenberg on Tuesday, November 22. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, October 22 report. The company was downgraded on Thursday, September 10 by BNP Paribas.

About 64,026 shares traded hands. Valeo, SA (USA) (NYSE:VLEEY) has risen 14.39% since April 21, 2016 and is uptrending. It has outperformed by 9.06% the S&P500.

Valeo SA is an automotive supplier. The Firm is a technology company. The company has a market cap of $13.68 billion. The Company’s operating divisions include Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems and Visibility Systems. It currently has negative earnings. The Firm supplies original equipment spares to automakers and replacement parts to the independent aftermarket.

According to Zacks Investment Research, “Valeo SA designs, produces, and sells components, integrated systems, and modules for automobile industry. The Company has four business groups supplying products to the original equipment market and the aftermarket. The 4 Business Groups are: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems, and Visibility Systems. The Powertrain Systems offers electrical systems, transmission systems and hybrid and electric vehicle systems. The Thermal Systems products include climate control, compressors and front-end modules. The Comfort and Driving Assistance Systems products comprise driving assistance and access mechanisms. The Visibility Systems products are lighting systems, wiper Systems and wiper Motors. Valeo SA is headquartered in Paris, France.”

VLEEY Company Profile

Valeo SA is a France industrial firm focused on the design, production and sale of components, systems and modules for cars and trucks. The Firm has nine product families supplying the original equipment market and the aftermarket, regrouped into four Business Groups: Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems and Visibility Systems. As of December 2009, the Company operated 120 production sites, 21 research centers, 40 development centers and 10 distribution platforms. Valeo SA’s clients are BMW, Daimler, General Motors, Ford Motor Company and Renault-Nissan, among others. The Firm operates various subsidiaries, including Valeo Service Deutschland GmbH, Valeo Service Italia S.p.A and Valeo Climate Control De Mexico SA de CV, among others. As of December 31, 2009, the Company was 19.75%-owned by Pardus.

More recent Valeo, SA (USA) (OTCMKTS:VLEEY) news were published by: Prnewswire.com which released: “Global Automotive Electrical Products Industry” on November 03, 2016. Also Law360.com published the news titled: “Auto Parts Cos. To Pay Combined $44M In Price-Fix Deals” on September 29, 2016. Marketwatch.com‘s news article titled: “Engine Thermal Management Market for Passenger Cars Estimated to be Worth USD …” with publication date: August 16, 2016 was also an interesting one.

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