StockNews.com Lowers Visteon (NASDAQ:VC) to Hold

Visteon (NASDAQ:VC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

A number of other brokerages have also recently 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. Morgan Stanley cut their price target on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Baird R W cut shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Wolfe Research initiated coverage on shares of Visteon in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Citigroup decreased their price target on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.57.

Visteon Trading Up 3.2 %

Visteon stock traded up $2.95 during trading hours on Monday, reaching $95.83. 297,784 shares of the company’s stock traded hands, compared to its average volume of 274,977. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 5.20, a PEG ratio of 0.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. Visteon has a fifty-two week low of $86.77 and a fifty-two week high of $131.70. The firm’s 50 day moving average is $94.44 and its 200-day moving average is $103.49.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same period in the prior year, the business posted $2.35 earnings per share. Visteon’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Visteon will post 7.98 earnings per share for the current year.

Hedge Funds Weigh In On Visteon

A number of large investors have recently bought and sold shares of VC. Signaturefd LLC increased its position in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Visteon during the first quarter worth $48,000. Mather Group LLC. bought a new stake in Visteon during the second quarter worth $59,000. Acadian Asset Management LLC acquired a new stake in Visteon in the second quarter valued at $89,000. Finally, Motco bought a new position in shares of Visteon in the 1st quarter valued at about $106,000. Institutional investors and hedge funds 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.