Visteon Co. (NASDAQ:VC) Receives $127.15 Consensus PT from Brokerages

Visteon Co. (NASDAQ:VC) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $127.15.

VC has been the topic of a number of research analyst reports. The Goldman Sachs Group reduced their price target on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Company decreased their target price on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Finally, Barclays dropped their price target on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th.

Visteon Stock Up 0.5 %

Shares of NASDAQ VC opened at $87.24 on Thursday. 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 business has a 50-day moving average of $91.22 and a 200-day moving average of $96.89. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 0.44 and a beta of 1.44. Visteon has a 12 month low of $84.01 and a 12 month high of $123.73.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. The business had revenue of $980.00 million during 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 business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.35 EPS. Sell-side analysts expect that Visteon will post 8.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Visteon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Visteon in the second quarter worth about $89,000. KBC Group NV boosted its stake in Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares during the last quarter. Covestor Ltd grew its holdings in Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after buying an additional 202 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in Visteon in the 3rd quarter worth approximately $164,000. Institutional investors 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.