Barclays Lowers Visteon (NASDAQ:VC) Price Target to $140.00

Visteon (NASDAQ:VC) had its price objective lowered by Barclays from $145.00 to $140.00 in a report released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other analysts have also commented on VC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $115.00 to $122.00 in a research note on Friday, September 20th. Morgan Stanley decreased their price target on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Citigroup decreased their price target on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Wolfe Research assumed coverage on Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.86.

Visteon Stock Up 1.3 %

VC opened at $91.54 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.53 billion, a P/E ratio of 5.23, a PEG ratio of 0.44 and a beta of 1.45. Visteon has a 52 week low of $88.37 and a 52 week high of $136.40. The business’s fifty day simple moving average is $95.22 and its 200 day simple moving average is $104.54.

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

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the sale, the senior vice president now directly owns 5,988 shares in the company, valued at approximately $669,039.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently modified their holdings of VC. Retirement Systems of Alabama increased its holdings in Visteon by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock worth $4,107,000 after purchasing an additional 91 shares during the last quarter. State of Michigan Retirement System increased its holdings in Visteon by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock worth $801,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC increased its holdings in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. nVerses Capital LLC grew its position in shares of Visteon by 22.2% in the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after acquiring an additional 200 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Visteon by 8.2% in the 2nd quarter. Inspire Investing LLC now owns 3,295 shares of the company’s stock worth $352,000 after acquiring an additional 249 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.