Visteon (NASDAQ:VC) PT Lowered to $137.00 at Robert W. Baird

Visteon (NASDAQ:VC) had its price target cut by Robert W. Baird from $140.00 to $137.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on VC. Guggenheim dropped their price objective on shares of Visteon from $136.00 to $126.00 and set a buy rating on the stock in a research note on Wednesday, April 17th. StockNews.com raised Visteon from a hold rating to a buy rating in a research report on Thursday, January 11th. Bank of America dropped their price objective on Visteon from $165.00 to $160.00 and set a buy rating on the stock in a research report on Thursday, February 29th. Wolfe Research reiterated a peer perform rating on shares of Visteon in a research note on Thursday, January 4th. Finally, Wells Fargo & Company raised shares of Visteon from an underweight rating to an equal weight rating and increased their price target for the company from $106.00 to $108.00 in a research report on Friday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Visteon has a consensus rating of Moderate Buy and a consensus target price of $142.36.

Visteon Stock Performance

NASDAQ:VC opened at $112.19 on Friday. Visteon has a 1 year low of $105.19 and a 1 year high of $159.87. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.49 and a beta of 1.65. The stock’s 50 day simple moving average is $113.58 and its two-hundred day simple moving average is $118.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The firm had revenue of $933.00 million for the quarter, compared to analysts’ expectations of $971.45 million. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Visteon will post 8.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Visteon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its position in Visteon by 105.7% during the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after buying an additional 111 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares during the period. CWM LLC raised its holdings in shares of Visteon by 53.6% during the fourth quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Visteon by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after purchasing an additional 178 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Visteon in the fourth quarter valued at $59,000. Hedge funds and other 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.