Brokerages Set Visteon Co. (NASDAQ:VC) Target Price at $96.25

Visteon Co. (NASDAQ:VC) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $96.25.

Several brokerages recently issued reports on VC. Royal Bank of Canada cut their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group reissued a “neutral” rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Morgan Stanley cut their target price on shares of Visteon from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Monday, May 19th. Guggenheim cut their target price on shares of Visteon from $108.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Robert W. Baird increased their target price on shares of Visteon from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th.

Visteon Trading Up 1.0%

VC opened at $83.52 on Friday. Visteon has a twelve month low of $65.10 and a twelve month high of $117.94. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $79.02 and a 200-day moving average of $83.77. The stock has a market cap of $2.28 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.42 and a beta of 1.19.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.70. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. On average, sell-side analysts predict that Visteon will post 8.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its stake in Visteon by 60.0% in the 3rd quarter. Barclays PLC now owns 63,716 shares of the company’s stock valued at $6,068,000 after purchasing an additional 23,893 shares during the period. KBC Group NV grew its stake in Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after purchasing an additional 450 shares during the period. Entropy Technologies LP bought a new position in Visteon in the 4th quarter valued at $214,000. Rhumbline Advisers grew its stake in Visteon by 2.7% in the 4th quarter. Rhumbline Advisers now owns 88,307 shares of the company’s stock valued at $7,835,000 after purchasing an additional 2,303 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Visteon by 22.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,098 shares of the company’s stock valued at $2,138,000 after purchasing an additional 4,494 shares during the period. 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.