Analysts Set Visteon Co. (NASDAQ:VC) Target Price at $127.57

Visteon Co. (NASDAQ:VC) has been assigned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $127.57.

VC has been the subject of a number of analyst reports. Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $115.00 to $122.00 in a research report on Friday, September 20th. Royal Bank of Canada lowered their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. TD Cowen decreased their price objective on Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd.

Visteon Stock Down 0.5 %

VC stock opened at $91.69 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. Visteon has a fifty-two week low of $86.77 and a fifty-two week high of $131.70. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 4.98, a PEG ratio of 0.46 and a beta of 1.45. The stock has a fifty day moving average of $92.48 and a 200-day moving average of $101.94.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. The business had revenue of $980.00 million for the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $2.35 earnings per share. As a group, equities research analysts predict that Visteon will post 8.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VC. Signaturefd LLC grew its holdings in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares in the last quarter. Mather Group LLC. bought a new position in shares of Visteon in the 2nd quarter worth about $59,000. KBC Group NV raised its stake in Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Visteon during the second quarter valued at approximately $89,000. Finally, Motco bought a new stake in Visteon in the 1st quarter worth approximately $106,000. 99.71% of the stock is 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.