Brokerages Set Visteon Co. (NASDAQ:VC) Price Target at $125.23

Visteon Co. (NASDAQ:VC) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $125.23.

A number of equities research analysts have weighed in on VC shares. Royal Bank of Canada cut 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. Barclays cut their price target on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Wells Fargo & Company reduced their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st.

Hedge Funds Weigh In On Visteon

A number of large investors have recently made changes to their positions in the business. State Street Corp increased its holdings in Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after buying an additional 3,918 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Visteon by 6.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after buying an additional 55,465 shares during the last quarter. Geode Capital Management LLC increased its holdings in Visteon by 1.2% in the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock worth $63,698,000 after buying an additional 7,743 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Visteon by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after buying an additional 88,288 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Visteon by 24.4% in the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after buying an additional 111,377 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ VC opened at $85.15 on Monday. Visteon has a twelve month low of $81.74 and a twelve month high of $123.73. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 4.62, a PEG ratio of 0.37 and a beta of 1.45. The firm has a 50-day moving average of $88.73 and a two-hundred day moving average of $94.19.

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.