Analysts Set Visteon Co. (NASDAQ:VC) Target Price at $98.58

Shares of Visteon Co. (NASDAQ:VC) have earned an average rating of “Hold” from the fourteen research firms that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $98.58.

Several equities research analysts have commented on VC shares. Wells Fargo & Company raised their price target on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Barclays reaffirmed an “equal weight” rating and set a $82.00 price target (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. TD Cowen assumed coverage on shares of Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 price objective on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $74.00 price objective (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Royal Bank of Canada cut their price objective 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.

Hedge Funds Weigh In On Visteon

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Visteon by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company’s stock worth $258,106,000 after purchasing an additional 16,442 shares in the last quarter. American Century Companies Inc. grew its stake in Visteon by 19.3% during the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company’s stock valued at $134,106,000 after acquiring an additional 279,714 shares in the last quarter. Invesco Ltd. grew its stake in Visteon by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,210,198 shares of the company’s stock valued at $93,936,000 after acquiring an additional 25,687 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Visteon by 5.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company’s stock valued at $80,621,000 after acquiring an additional 45,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock valued at $74,886,000 after acquiring an additional 124,897 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

Visteon stock opened at $88.98 on Wednesday. The company has a market cap of $2.43 billion, a PE ratio of 9.07, a P/E/G ratio of 0.42 and a beta of 1.23. The company has a fifty day moving average price of $78.02 and a two-hundred day moving average price of $84.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon has a 12 month low of $65.10 and a 12 month high of $117.94.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.70. The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.61 earnings per share. Research analysts expect that Visteon will post 8.42 earnings per share for the current year.

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.