Visteon Co. (NASDAQ:VC) Receives $127.15 Average PT from Brokerages

Visteon Co. (NASDAQ:VC) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $127.15.

Several brokerages have commented on VC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. The Goldman Sachs Group cut their price target on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Company lowered their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Barclays dropped their price target on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their price target on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, October 21st.

Visteon Trading Up 0.5 %

VC opened at $87.24 on Thursday. The stock has a 50-day moving average of $91.22 and a 200 day moving average of $96.89. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. Visteon has a 12 month low of $84.01 and a 12 month high of $123.73. The firm has a market cap of $2.41 billion, a P/E ratio of 4.74, a P/E/G ratio of 0.44 and a beta of 1.44.

Visteon (NASDAQ:VC) last announced its 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. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.35 EPS. As a group, research analysts forecast that Visteon will post 8.2 EPS for the current year.

Institutional Investors Weigh In On Visteon

Several institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Visteon in the 2nd quarter valued at approximately $89,000. KBC Group NV increased its holdings in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after buying an additional 247 shares during the last quarter. Covestor Ltd raised its position in shares of Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after buying an additional 202 shares during the period. Finally, Morse Asset Management Inc purchased a new position in shares of Visteon during the 3rd quarter worth $164,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.