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

Visteon (NASDAQ:VC) had its price objective cut by Morgan Stanley from $100.00 to $95.00 in a report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also recently weighed in on the stock. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Royal Bank of Canada dropped their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Barclays dropped their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday. Finally, Wells Fargo & Company raised their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.92.

Visteon Price Performance

Shares of VC opened at $86.55 on Monday. Visteon has a fifty-two week low of $75.75 and a fifty-two week 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 cap of $2.34 billion, a P/E ratio of 8.82, a PEG ratio of 0.42 and a beta of 1.44. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $954.17 million. On average, research analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VC. Quadrant Capital Group LLC increased its stake in shares of Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after buying an additional 347 shares during the last quarter. Signaturefd LLC grew its position in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after acquiring an additional 263 shares during the last quarter. KBC Group NV grew its position in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after buying an additional 1,061 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after buying an additional 754 shares in the last quarter. 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.