Visteon (NASDAQ:VC) Receives “Equal Weight” Rating from Barclays

Visteon (NASDAQ:VC)‘s stock had its “equal weight” rating reissued by analysts at Barclays in a report released on Tuesday,Benzinga reports. They presently have a $82.00 price target on the stock, down from their prior price target of $110.00. Barclays‘s target price would indicate a potential upside of 17.50% from the company’s previous close.

A number of other brokerages also recently issued reports on VC. Morgan Stanley cut their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. TD Cowen began coverage on Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective for the company. Robert W. Baird decreased their target price on shares of Visteon from $100.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Wells Fargo & Company upped their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Visteon has an average rating of “Hold” and an average price target of $102.75.

Visteon Trading Up 2.5 %

NASDAQ:VC opened at $69.79 on Tuesday. Visteon has a 12-month low of $65.10 and a 12-month high of $117.94. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $80.82 and its 200-day simple moving average is $86.56. The firm has a market cap of $1.89 billion, a P/E ratio of 7.11, a PEG ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC) last released its 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. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Equities analysts anticipate that Visteon will post 8.42 EPS for the current year.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently modified their holdings of the company. UMB Bank n.a. raised its position in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 324 shares during the last quarter. Parallel Advisors LLC grew its stake in Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock worth $37,000 after acquiring an additional 408 shares during the period. Quadrant Capital Group LLC grew its stake in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after acquiring an additional 347 shares during the period. Signaturefd LLC raised its holdings in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after acquiring an additional 263 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after purchasing an additional 1,061 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

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.