Barclays Cuts Visteon (NASDAQ:VC) Price Target to $140.00

Visteon (NASDAQ:VC) had its target price lowered by Barclays from $145.00 to $140.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts have also commented on VC. Wolfe Research began coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. UBS Group decreased their price objective on Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. The Goldman Sachs Group dropped their target price on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Baird R W cut shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Morgan Stanley dropped their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.86.

Visteon Stock Performance

NASDAQ VC opened at $90.39 on Tuesday. The company has a fifty day moving average of $95.36 and a two-hundred day moving average of $104.72. The company has a market capitalization of $2.50 billion, a PE ratio of 4.67, a P/E/G ratio of 0.44 and a beta of 1.45. Visteon has a 1 year low of $88.37 and a 1 year high of $136.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. As a group, analysts expect that Visteon will post 8.06 earnings per share for the current year.

Insider Activity

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in shares of Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Visteon in the first quarter valued at approximately $48,000. Mather Group LLC. acquired a new stake in Visteon during the 2nd quarter valued at $59,000. Acadian Asset Management LLC acquired a new position in Visteon in the 2nd quarter worth $89,000. Finally, Motco purchased a new position in Visteon in the first quarter valued at about $106,000. 99.71% of the stock is owned by institutional investors and hedge funds.

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.