Visteon Co. (NASDAQ:VC) Receives $108.75 Average Price Target from Brokerages

Visteon Co. (NASDAQ:VC) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $108.75.

Several research analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $74.00 target price (down previously from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Wells Fargo & Company increased their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. UBS Group reaffirmed a “neutral” rating and set a $76.00 target price (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Royal Bank of Canada dropped their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley reduced their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd.

Institutional Trading of Visteon

A number of institutional investors have recently bought and sold shares of VC. FMR LLC increased its holdings in shares of Visteon by 89.3% during the third quarter. FMR LLC now owns 3,354 shares of the company’s stock valued at $319,000 after acquiring an additional 1,582 shares in the last quarter. Morse Asset Management Inc acquired a new position in Visteon during the third quarter worth $164,000. State Street Corp lifted its stake in shares of Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock valued at $97,608,000 after buying an additional 3,918 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Visteon during the third quarter valued at about $230,000. Finally, Barclays PLC increased its position in shares of Visteon by 60.0% during the third quarter. Barclays PLC now owns 63,716 shares of the company’s stock worth $6,068,000 after acquiring an additional 23,893 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Trading Up 2.5 %

Shares of NASDAQ:VC opened at $69.79 on Friday. The company has a market capitalization of $1.89 billion, a P/E ratio of 7.11, a P/E/G ratio of 0.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The business’s 50 day simple moving average is $80.82 and its 200 day simple moving average is $86.56. Visteon has a 1 year low of $65.10 and a 1 year high of $117.94.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. On average, research analysts anticipate that Visteon will post 8.42 EPS for the current fiscal year.

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.