Visteon Co. (NASDAQ:VC) Receives $127.57 Average PT from Analysts

Visteon Co. (NASDAQ:VC) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $127.38.

VC has been the topic of several research reports. Wolfe Research started coverage on shares of Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Barclays reduced their price target on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. The Goldman Sachs Group lowered their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. JPMorgan Chase & Co. cut their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, Royal Bank of Canada lowered their price target on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th.

Visteon Trading Down 0.2 %

Shares of VC opened at $93.13 on Friday. Visteon has a 1-year low of $86.27 and a 1-year high of $131.70. The company has a market capitalization of $2.57 billion, a P/E ratio of 5.06, a P/E/G ratio of 0.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The firm’s 50 day simple moving average is $92.10 and its 200 day simple moving average is $98.93.

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

Institutional Trading of Visteon

Hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its stake in shares of Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Visteon by 0.8% during 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. nVerses Capital LLC increased its stake in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Visteon by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock worth $306,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

About Visteon

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.