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

Visteon (NASDAQ:VC) had its price target dropped by analysts at Barclays from $140.00 to $115.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 35.39% from the stock’s current price.

Several other brokerages have also commented on VC. JPMorgan Chase & Co. decreased their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. The Goldman Sachs Group dropped their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Royal Bank of Canada decreased 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. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Finally, Wells Fargo & Company decreased their target price on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Six 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 an average target price of $125.23.

Visteon Trading Down 1.1 %

VC opened at $84.94 on Wednesday. Visteon has a 12-month low of $81.74 and a 12-month high of $123.73. 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 stock has a market capitalization of $2.35 billion, a PE ratio of 4.61, a P/E/G ratio of 0.38 and a beta of 1.45. The firm’s fifty day moving average price is $89.00 and its 200 day moving average price is $94.86.

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

Institutional Trading of Visteon

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Washington Capital Management Inc. increased its stake in shares of Visteon by 18.9% during the fourth quarter. Washington Capital Management Inc. now owns 6,300 shares of the company’s stock valued at $559,000 after acquiring an additional 1,000 shares during the period. KBC Group NV increased its position in shares of Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after purchasing an additional 450 shares during the period. Inspire Investing LLC raised its stake in shares of Visteon by 5.0% in the 4th quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock worth $402,000 after buying an additional 216 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after buying an additional 754 shares during the period. Finally, Value Holdings Management CO. LLC boosted its stake in Visteon by 90.9% during the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company’s stock valued at $2,795,000 after buying an additional 15,000 shares in the last quarter. 99.71% of the stock is currently 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.