November 29, 2016 - By Michael Collier
Jefferies issued to investors and clients in a research report that it has initiated coverage on Valeo SA (OTCMKTS:VLEEY) stock, with “Underperform” rating.
Out of 5 analysts covering Valeo SA (OTCMKTS:VLEEY), 0 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 0 are positive. Valeo SA has been the topic of 5 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Valeo, SA (USA) (OTCMKTS:VLEEY) has “Neutral” rating given on Thursday, October 22 by Credit Suisse. BNP Paribas downgraded Valeo, SA (USA) (OTCMKTS:VLEEY) on Thursday, September 10 to “Underperform” rating. The stock of Valeo, SA (USA) (OTCMKTS:VLEEY) has “Sell” rating given on Wednesday, November 23 by Goldman Sachs. As per Tuesday, November 22, the company rating was initiated by Berenberg. The rating was downgraded by Bank of America to “Underperform” on Wednesday, July 22.
About 3,922 shares traded hands. Valeo, SA (USA) (OTCMKTS:VLEEY) has risen 9.44% since April 26, 2016 and is uptrending. It has outperformed by 4.18% the S&P500.
Valeo SA is an automotive supplier. The Firm is a technology company. The company has a market cap of $13.25 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.”
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 important 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 article titled: “Auto Parts Cos. To Pay Combined $44M In Price-Fix Deals”, Law360.com published: “Yamashita Reaches $6M Deal In Auto Parts Price-Fixing MDL” on September 30, 2016. More interesting news about Valeo, SA (USA) (OTCMKTS:VLEEY) was released by: Prnewswire.com and their article: “Engine Thermal Management Market for Passenger Cars Estimated to be Worth USD …” with publication date: August 16, 2016.
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