Visteon Co. (NASDAQ:VC) Receives Average Recommendation of “Moderate Buy” from Analysts

Visteon Co. (NASDAQ:VC) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $127.38.

VC has been the topic of a number of analyst reports. StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. JPMorgan Chase & Co. reduced their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Royal Bank of Canada lowered their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $115.00 to $122.00 in a report on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $124.00 price objective on shares of Visteon in a report on Tuesday, September 10th.

Institutional Trading of Visteon

A number of institutional investors have recently bought and sold shares of VC. Franklin Resources Inc. lifted its position in Visteon by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after acquiring an additional 171 shares during the period. Virtu Financial LLC acquired a new stake in shares of Visteon during the third quarter worth about $309,000. Geode Capital Management LLC boosted its position in Visteon by 1.2% in the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock valued at $63,698,000 after buying an additional 7,743 shares during the last quarter. Barclays PLC increased its holdings in Visteon by 60.0% in the 3rd quarter. Barclays PLC now owns 63,716 shares of the company’s stock worth $6,068,000 after buying an additional 23,893 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its position in Visteon by 422.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 12,362 shares of the company’s stock worth $1,177,000 after buying an additional 9,995 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Down 0.0 %

VC opened at $93.34 on Friday. The company has a market capitalization of $2.58 billion, a PE ratio of 5.07, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. The firm has a 50-day simple moving average of $92.08 and a two-hundred day simple moving average of $99.11. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. Visteon has a 52 week low of $86.27 and a 52 week high of $131.70.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. During the same quarter last year, the firm earned $2.35 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts forecast that Visteon will post 8.2 earnings per share for the current fiscal year.

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.