Robert W. Baird Lowers Visteon (NASDAQ:VC) Price Target to $137.00

Visteon (NASDAQ:VC) had its price objective decreased by Robert W. Baird from $140.00 to $137.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 22.11% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Guggenheim lowered their price objective on Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. UBS Group raised Visteon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $143.00 to $145.00 in a research report on Wednesday, January 17th. Wolfe Research reaffirmed a “peer perform” rating on shares of Visteon in a research report on Thursday, January 4th. Finally, Wells Fargo & Company raised Visteon from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $106.00 to $108.00 in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $142.36.

Visteon Trading Up 2.3 %

VC opened at $112.19 on Friday. Visteon has a 12 month low of $105.19 and a 12 month high of $159.87. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.49 and a beta of 1.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. The business has a fifty day moving average price of $113.58 and a 200 day moving average price of $118.35.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. During the same period in the previous year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts expect that Visteon will post 8.68 earnings per share for the current fiscal year.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd raised its stake in Visteon by 105.7% during the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after acquiring an additional 111 shares during the last quarter. Parallel Advisors LLC raised its stake in Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. CWM LLC raised its stake in Visteon by 53.6% during the 4th quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after acquiring an additional 178 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Visteon during the 4th quarter valued at approximately $59,000. 99.71% of the stock is owned by hedge funds and other 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.