Morgan Stanley Cuts Visteon (NASDAQ:VC) Price Target to $95.00

Visteon (NASDAQ:VC) had its target price trimmed by Morgan Stanley from $100.00 to $95.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

VC has been the topic of a number of other reports. Wells Fargo & Company raised their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Barclays decreased their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Royal Bank of Canada reduced their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.92.

Visteon Stock Up 4.4 %

NASDAQ:VC opened at $86.55 on Monday. Visteon has a 1-year low of $75.75 and a 1-year high of $121.45. The firm’s 50-day moving average price is $85.34 and its 200-day moving average price is $90.46. The company has a market capitalization of $2.34 billion, a PE ratio of 8.82, a P/E/G ratio of 0.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB purchased a new position in shares of Visteon during the fourth quarter worth $7,730,000. Principal Financial Group Inc. raised its holdings in shares of Visteon by 3.2% during the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after purchasing an additional 8,500 shares during the last quarter. Mirabella Financial Services LLP raised its holdings in shares of Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock worth $1,628,000 after purchasing an additional 13,390 shares during the last quarter. Systematic Financial Management LP raised its holdings in shares of Visteon by 11.8% during the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after purchasing an additional 27,403 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Visteon by 28.2% during the third quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock worth $19,259,000 after purchasing an additional 44,460 shares during the last quarter. Hedge funds and other 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.