Visteon (NASDAQ:VC) Earns “Neutral” Rating from The Goldman Sachs Group

Visteon (NASDAQ:VC)‘s stock had its “neutral” rating reaffirmed by equities researchers at The Goldman Sachs Group in a research note issued on Thursday, MarketBeat reports. They presently have a $74.00 price target on the stock, down from their prior price target of $103.00. The Goldman Sachs Group’s price target points to a potential upside of 10.69% from the company’s previous close.

Several other analysts have also issued reports on the company. Barclays cut their price target on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Morgan Stanley reduced their target price on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Wells Fargo & Company upped their price target 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. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, TD Cowen began coverage on shares of Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.75.

Visteon Stock Performance

Shares of NASDAQ:VC traded down $6.92 during trading on Thursday, hitting $66.85. The company’s stock had a trading volume of 109,107 shares, compared to its average volume of 350,660. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 0.42 and a beta of 1.32. The company has a 50-day moving average of $81.65 and a 200-day moving average of $87.21. Visteon has a 12 month low of $65.59 and a 12 month high of $117.94.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. On average, sell-side analysts expect that Visteon will post 8.42 earnings per share for the current year.

Hedge Funds Weigh In On Visteon

Several institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after purchasing an additional 408 shares during the period. GAMMA Investing LLC boosted its stake in Visteon by 11,981.7% during the first quarter. GAMMA Investing LLC now owns 13,894 shares of the company’s stock worth $1,078,000 after buying an additional 13,779 shares during the period. 111 Capital bought a new position in Visteon during the fourth quarter valued at $321,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Visteon in the fourth quarter valued at $203,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Visteon in the 4th quarter worth about $233,000. 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.