Barclays Cuts Visteon (NASDAQ:VC) Price Target to $115.00

Visteon (NASDAQ:VC) had its price objective lowered by Barclays from $140.00 to $115.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Royal Bank of Canada decreased their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company reduced their price objective on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, The Goldman Sachs Group cut their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Visteon has an average rating of “Moderate Buy” and an average target price of $125.23.

Visteon Stock Down 1.3 %

VC opened at $85.85 on Wednesday. The firm has a market cap of $2.37 billion, a P/E ratio of 4.66, a price-to-earnings-growth ratio of 0.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The business has a 50 day moving average price of $89.14 and a 200 day moving average price of $94.93. Visteon has a twelve month low of $81.74 and a twelve month high of $123.73.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period in the previous year, the company earned $2.35 earnings per share. Visteon’s revenue for the quarter was down 3.4% on a year-over-year basis. Research analysts forecast that Visteon will post 8.2 EPS for the current year.

Hedge Funds Weigh In On Visteon

Several institutional investors have recently added to or reduced their stakes in VC. Signaturefd LLC raised its holdings in shares of Visteon by 46.7% in the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after buying an additional 134 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock valued at $1,881,000 after purchasing an additional 171 shares in the last quarter. Covestor Ltd lifted its holdings in Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after buying an additional 202 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Visteon by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock valued at $306,000 after buying an additional 215 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of Visteon by 5.0% during the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock worth $402,000 after acquiring an additional 216 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.