Visteon (NASDAQ:VC) Given New $126.00 Price Target at Guggenheim

Visteon (NASDAQ:VC) had its target price decreased by Guggenheim from $136.00 to $126.00 in a report issued on Wednesday morning, Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on VC. Wells Fargo & Company raised their price objective on shares of Visteon from $101.00 to $106.00 and gave the stock an underweight rating in a report on Wednesday, February 21st. UBS Group raised shares of Visteon from a neutral rating to a buy rating and raised their price objective for the stock from $143.00 to $145.00 in a report on Wednesday, January 17th. Wolfe Research reissued a peer perform rating on shares of Visteon in a report on Thursday, January 4th. JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $160.00 to $148.00 and set a neutral rating on the stock in a report on Thursday, January 25th. Finally, StockNews.com raised shares of Visteon from a hold rating to a buy rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Visteon currently has an average rating of Moderate Buy and a consensus target price of $143.00.

Visteon Stock Performance

Shares of NASDAQ VC opened at $106.83 on Wednesday. The firm’s 50-day moving average price is $114.98 and its 200-day moving average price is $119.48. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.94 billion, a PE ratio of 6.22, a PEG ratio of 0.48 and a beta of 1.65. Visteon has a 52-week low of $106.63 and a 52-week high of $159.87.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $10.92. The firm had revenue of $990.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Visteon had a net margin of 12.29% and a return on equity of 57.45%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 EPS. As a group, analysts anticipate that Visteon will post 8.72 EPS for the current year.

Hedge Funds Weigh In On Visteon

Several large investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its position in shares of Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 111 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Visteon during the first quarter valued at approximately $38,000. Rockefeller Capital Management L.P. raised its position in shares of Visteon by 1,286.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company’s stock valued at $39,000 after buying an additional 283 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Visteon during the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.