Analysts Set Visteon Co. (NASDAQ:VC) Target Price at $137.33

Visteon Co. (NASDAQ:VC) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $134.00.

VC has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Visteon from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Citigroup reduced their target price on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Robert W. Baird restated a “neutral” rating and issued a $120.00 price objective (down from $137.00) on shares of Visteon in a research note on Friday. Finally, Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th.

Visteon Stock Up 0.8 %

VC opened at $111.17 on Thursday. Visteon has a twelve month low of $101.42 and a twelve month high of $159.87. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $109.10 and a 200-day moving average price of $113.23. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.51 and a beta of 1.46.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The company 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 firm posted $1.25 earnings per share. Visteon’s quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts forecast that Visteon will post 8.53 earnings per share for the current year.

Institutional Trading of Visteon

A number of large investors have recently made changes to their positions in VC. Advisors Asset Management Inc. grew its position in Visteon by 15.6% in the third quarter. Advisors Asset Management Inc. now owns 3,042 shares of the company’s stock worth $420,000 after acquiring an additional 411 shares in the last quarter. Comerica Bank purchased a new position in shares of Visteon in the 3rd quarter worth approximately $12,222,000. Pacer Advisors Inc. boosted its holdings in shares of Visteon by 70.5% in the 4th quarter. Pacer Advisors Inc. now owns 8,210 shares of the company’s stock worth $1,025,000 after purchasing an additional 3,395 shares during the period. Tectonic Advisors LLC purchased a new stake in Visteon during the 4th quarter valued at $3,187,000. Finally, Washington Capital Management Inc. purchased a new stake in Visteon during the 4th quarter valued at $575,000. 99.71% of the stock is currently owned by institutional investors.

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.