Visteon (NASDAQ:VC) PT Lowered to $107.00

Visteon (NASDAQ:VC) had its target price lowered by Wells Fargo & Company from $108.00 to $107.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

VC has been the topic of a number of other research reports. Royal Bank of Canada decreased their target price on shares of Visteon from $188.00 to $146.00 and set an outperform rating on the stock in a research note on Thursday, March 7th. Morgan Stanley reduced their price objective on shares of Visteon from $145.00 to $135.00 and set an equal weight rating on the stock in a research report on Friday, May 10th. Barclays upgraded shares of Visteon from an equal weight rating to an overweight rating and lifted their price objective for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. Guggenheim reduced their price objective on shares of Visteon from $136.00 to $126.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Finally, Robert W. Baird reduced their price objective on shares of Visteon from $140.00 to $137.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Visteon currently has an average rating of Moderate Buy and an average target price of $138.64.

Visteon Price Performance

Shares of NASDAQ:VC opened at $106.70 on Tuesday. Visteon has a twelve month low of $101.42 and a twelve month high of $159.87. The stock has a market capitalization of $2.94 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 0.49 and a beta of 1.54. The firm’s 50 day moving average price is $110.11 and its 200-day moving average price is $114.95. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. During the same quarter in the previous year, the business posted $1.25 EPS. Visteon’s revenue was down 3.5% on a year-over-year basis. Equities research analysts expect that Visteon will post 8.39 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VC. Assenagon Asset Management S.A. boosted its stake in Visteon by 404.5% during the first quarter. Assenagon Asset Management S.A. now owns 405,280 shares of the company’s stock worth $47,665,000 after buying an additional 324,946 shares during the period. Norges Bank purchased a new position in Visteon during the fourth quarter worth $40,092,000. Cubist Systematic Strategies LLC boosted its stake in Visteon by 416.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock worth $18,619,000 after buying an additional 120,210 shares during the period. TimesSquare Capital Management LLC boosted its stake in Visteon by 37.9% during the third quarter. TimesSquare Capital Management LLC now owns 359,450 shares of the company’s stock worth $49,629,000 after buying an additional 98,850 shares during the period. Finally, Comerica Bank purchased a new position in Visteon during the third quarter worth $12,222,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.