Visteon (NASDAQ:VC) Downgraded by StockNews.com to Hold

Visteon (NASDAQ:VC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other research firms have also issued reports on VC. Barclays dropped their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group dropped their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $115.00 to $122.00 in a research note on Friday, September 20th. Wolfe Research started coverage on Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, UBS Group dropped their price target on Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and a consensus target price of $127.57.

Visteon Price Performance

Visteon stock opened at $90.40 on Friday. Visteon has a one year low of $86.77 and a one year high of $131.70. The business has a fifty day moving average price of $93.79 and a 200-day moving average price of $102.94. 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 has a market capitalization of $2.50 billion, a P/E ratio of 4.91, a PEG ratio of 0.44 and a beta of 1.45.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping 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 firm had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. During the same period last year, the company earned $2.35 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Visteon will post 8.04 EPS for the current year.

Institutional Trading of Visteon

Large investors have recently bought and sold shares of the company. Signaturefd LLC boosted its position in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Visteon in the 1st quarter worth approximately $48,000. Mather Group LLC. purchased a new stake in shares of Visteon in the 2nd quarter worth approximately $59,000. Acadian Asset Management LLC bought a new position in Visteon during the 2nd quarter valued at approximately $89,000. Finally, Motco bought a new position in Visteon during the 1st quarter valued at approximately $106,000. 99.71% of the stock is owned by institutional investors.

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.