Visteon’s (VC) Neutral Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Visteon (NASDAQ:VC) in a report released on Thursday morning, MarketBeat reports. The Goldman Sachs Group currently has a $74.00 target price on the stock, down from their previous target price of $103.00.

Other analysts have also issued research reports about the stock. TD Cowen began coverage on shares of Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Wells Fargo & Company upped their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada dropped their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays cut their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $108.75.

Visteon Price Performance

Shares of NASDAQ VC opened at $68.11 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.84 billion, a PE ratio of 6.94, a PEG ratio of 0.42 and a beta of 1.32. The stock’s 50 day moving average price is $81.08 and its 200-day moving average price is $86.82. Visteon has a twelve month low of $65.10 and a twelve month high of $117.94.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. The firm 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, equities analysts anticipate that Visteon will post 8.42 EPS for the current year.

Hedge Funds Weigh In On Visteon

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Visteon by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company’s stock worth $258,106,000 after buying an additional 16,442 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after acquiring an additional 536,073 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Visteon by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company’s stock worth $105,090,000 after acquiring an additional 62,610 shares during the last quarter. State Street Corp boosted its stake in shares of Visteon by 0.4% in the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock valued at $97,608,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Visteon by 5.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company’s stock valued at $80,621,000 after purchasing an additional 45,058 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

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.