Royal Bank of Canada Cuts Visteon (NASDAQ:VC) Price Target to $124.00

Visteon (NASDAQ:VC) had its price target decreased by Royal Bank of Canada from $129.00 to $124.00 in a report released on Friday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research analysts have also commented on VC. UBS Group decreased their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $120.00 price target (down from $137.00) on shares of Visteon in a report on Friday, July 12th. The Goldman Sachs Group decreased their price target on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price target on shares of Visteon in a report on Tuesday, September 10th. Finally, Baird R W downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.57.

Visteon Stock Up 0.4 %

VC stock traded up $0.41 during mid-day trading on Friday, hitting $92.88. 389,351 shares of the company were exchanged, compared to its average volume of 274,866. The company has a market capitalization of $2.56 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 0.43 and a beta of 1.45. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. Visteon has a twelve month low of $86.77 and a twelve month high of $136.40. The firm has a fifty day simple moving average of $94.49 and a 200 day simple moving average of $103.75.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. During the same period last year, the business earned $2.35 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, research analysts forecast that Visteon will post 8.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Institutional Trading of Visteon

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Visteon by 20.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 116,655 shares of the company’s stock worth $13,720,000 after purchasing an additional 19,826 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Visteon by 35.6% in the first quarter. Clearbridge Investments LLC now owns 117,490 shares of the company’s stock worth $13,818,000 after acquiring an additional 30,818 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Visteon by 85.0% in the first quarter. BNP Paribas Financial Markets now owns 38,794 shares of the company’s stock worth $4,563,000 after acquiring an additional 17,821 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Visteon in the first quarter worth approximately $583,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Visteon by 24.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 51,616 shares of the company’s stock worth $6,071,000 after acquiring an additional 10,218 shares in the last quarter. 99.71% of the stock is currently owned by 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.