The Goldman Sachs Group Cuts Visteon (NASDAQ:VC) Price Target to $117.00

Visteon (NASDAQ:VC) had its price target cut by The Goldman Sachs Group from $130.00 to $117.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Wolfe Research began coverage on shares of Visteon in a research report on Thursday, September 5th. They issued a peer perform rating for the company. Royal Bank of Canada cut their target price on shares of Visteon from $144.00 to $129.00 and set an outperform rating for the company in a research report on Thursday, August 22nd. Robert W. Baird reaffirmed a neutral rating and issued a $120.00 target price (down previously from $137.00) on shares of Visteon in a research report on Friday, July 12th. Citigroup cut their target price on shares of Visteon from $139.00 to $126.00 and set a buy rating for the company in a research report on Friday, July 12th. Finally, UBS Group cut their target price on shares of Visteon from $144.00 to $135.00 and set a buy rating for the company in a research report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Visteon currently has an average rating of Moderate Buy and an average price target of $129.21.

Visteon Price Performance

Shares of NASDAQ VC opened at $92.31 on Tuesday. Visteon has a twelve month low of $88.37 and a twelve month high of $136.80. The firm has a market cap of $2.55 billion, a P/E ratio of 5.27, a PEG ratio of 0.45 and a beta of 1.45. The company has a 50 day moving average of $98.51 and a 200 day moving average of $106.36. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business earned $1.18 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, research analysts expect that Visteon will post 8.06 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at approximately $669,039.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Visteon

Several hedge funds have recently bought and sold shares of VC. Corient Private Wealth LLC lifted its stake in Visteon by 8.6% in the 4th quarter. Corient Private Wealth LLC now owns 6,063 shares of the company’s stock worth $757,000 after purchasing an additional 479 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Visteon by 2.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,711 shares of the company’s stock valued at $909,000 after buying an additional 171 shares in the last quarter. Parallel Advisors LLC raised its position in shares of 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 buying an additional 142 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Visteon by 52,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 525 shares of the company’s stock valued at $66,000 after buying an additional 524 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Visteon during the 4th quarter valued at about $1,097,000. Hedge funds and other 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.