Brokerages Set Visteon Co. (NASDAQ:VC) Price Target at $138.73

Visteon Co. (NASDAQ:VCGet Free Report) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $138.73.

A number of brokerages have issued reports on VC. Guggenheim reduced their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Royal Bank of Canada dropped their price target on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Bank of America reduced their price objective on Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd.

View Our Latest Report on VC

Visteon Stock Up 1.4 %

Shares of NASDAQ VC opened at $105.08 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37. The company has a 50-day moving average price of $110.44 and a 200-day moving average price of $115.65. The stock has a market capitalization of $2.90 billion, a P/E ratio of 6.00, a P/E/G ratio of 0.48 and a beta of 1.54. Visteon has a 1 year low of $101.42 and a 1 year high of $159.87.

Visteon (NASDAQ:VCGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. Visteon’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. On average, equities research analysts forecast that Visteon will post 8.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Visteon by 189.4% during the first quarter. EverSource Wealth Advisors LLC now owns 34,554 shares of the company’s stock valued at $3,823,000 after acquiring an additional 22,614 shares in the last quarter. Cetera Advisors LLC bought a new stake in Visteon during the 1st quarter valued at about $263,000. Atria Investments Inc raised its holdings in Visteon by 25.9% in the first quarter. Atria Investments Inc now owns 21,642 shares of the company’s stock worth $2,545,000 after buying an additional 4,458 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Visteon by 29.4% in the first quarter. Tidal Investments LLC now owns 6,232 shares of the company’s stock worth $733,000 after buying an additional 1,415 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its holdings in shares of Visteon by 30.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 70,353 shares of the company’s stock valued at $8,274,000 after buying an additional 16,319 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

About Visteon

(Get Free Report

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.

Further Reading

Analyst Recommendations for Visteon (NASDAQ:VC)

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