Visteon (NASDAQ:VC) Rating Lowered to Hold at StockNews.com

Visteon (NASDAQ:VC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Several other equities research analysts have also recently commented on the stock. TD Cowen dropped their price target on shares of Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $115.00 to $122.00 in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Royal Bank of Canada cut their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group lowered their price target on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.57.

Visteon Trading Down 0.9 %

NASDAQ VC opened at $90.40 on Friday. The stock has a market capitalization of $2.50 billion, a PE ratio of 4.91, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. Visteon has a 52 week low of $86.77 and a 52 week high of $131.70. The firm has a 50 day moving average of $93.79 and a two-hundred day moving average of $102.94.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. The firm had revenue of $980.00 million for the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.35 EPS. As a group, research analysts expect that Visteon will post 8.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

A number of institutional investors have recently modified their holdings of VC. Signaturefd LLC increased its stake 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 buying an additional 119 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Visteon during the 1st quarter valued at about $48,000. Mather Group LLC. bought a new stake in shares of Visteon during the 2nd quarter valued at about $59,000. Acadian Asset Management LLC bought a new stake in shares of Visteon during the 2nd quarter valued at about $89,000. Finally, Motco bought a new stake in shares of Visteon during the 1st quarter valued at about $106,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.