Visteon (NASDAQ:VC) Now Covered by Analysts at Exane BNP Paribas

Exane BNP Paribas began coverage on shares of Visteon (NASDAQ:VCGet Rating) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “neutral” rating and a $99.00 price target on the stock. Exane BNP Paribas’ price target would indicate a potential downside of 2.20% from the company’s previous close.

VC has been the topic of a number of other research reports. Barclays dropped their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley lowered their target price on shares of Visteon from $75.00 to $72.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 6th. Jefferies Financial Group raised their target price on shares of Visteon from $132.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, February 18th. Wells Fargo & Company lowered their target price on shares of Visteon from $91.00 to $86.00 and set an “underweight” rating on the stock in a research note on Friday, April 1st. Finally, BNP Paribas assumed coverage on shares of Visteon in a research note on Monday. They set a “neutral” rating and a $99.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Visteon has an average rating of “Hold” and an average target price of $122.08.

Shares of VC stock traded up $2.45 during trading hours on Monday, reaching $101.23. The stock had a trading volume of 305 shares, compared to its average volume of 342,925. The company has a quick ratio of 1.36, a current ratio of 1.67 and a debt-to-equity ratio of 0.57. Visteon has a twelve month low of $91.59 and a twelve month high of $134.57. The company’s 50-day simple moving average is $107.23. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 70.30 and a beta of 1.91.

Visteon (NASDAQ:VCGet Rating) last released its quarterly earnings data on Thursday, February 17th. The company reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $1.58. Visteon had a net margin of 1.48% and a return on equity of 11.42%. The business had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $661.23 million. During the same quarter last year, the company earned $1.06 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts predict that Visteon will post 4.3 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in VC. EverSource Wealth Advisors LLC acquired a new stake in shares of Visteon during the fourth quarter worth approximately $29,000. Spire Wealth Management bought a new position in Visteon during the fourth quarter valued at approximately $30,000. Sageworth Trust Co of South Dakota bought a new position in Visteon during the fourth quarter valued at approximately $45,000. Concord Wealth Partners raised its position in Visteon by 182.3% during the fourth quarter. Concord Wealth Partners now owns 525 shares of the company’s stock valued at $58,000 after acquiring an additional 339 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its position in shares of Visteon by 64.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 564 shares of the company’s stock valued at $53,000 after purchasing an additional 220 shares during the period.

Visteon Company Profile (Get Rating)

Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.

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