Jefferies Financial Group Analysts Cut Earnings Estimates for Visteon Co. (NASDAQ:VC)

Visteon Co. (NASDAQ:VCGet Rating) – Research analysts at Jefferies Financial Group cut their Q2 2022 earnings per share (EPS) estimates for shares of Visteon in a research report issued to clients and investors on Friday, April 29th. Jefferies Financial Group analyst D. Kelley now forecasts that the company will post earnings of $0.66 per share for the quarter, down from their prior estimate of $0.67. Jefferies Financial Group currently has a “Buy” rating and a $145.00 price target on the stock. Jefferies Financial Group also issued estimates for Visteon’s Q3 2022 earnings at $1.36 EPS.

Visteon (NASDAQ:VCGet Rating) last posted its earnings results on Thursday, April 28th. The company reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.45. Visteon had a net margin of 1.65% and a return on equity of 14.10%. The firm had revenue of $818.00 million during the quarter, compared to analysts’ expectations of $731.40 million. During the same period last year, the company posted $0.56 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year.

Several other research firms have also recently commented on VC. The Goldman Sachs Group dropped their target price on shares of Visteon from $156.00 to $138.00 and set a “buy” rating for the company in a research report on Tuesday, March 22nd. Exane BNP Paribas started coverage on shares of Visteon in a research note on Monday, April 11th. They issued a “neutral” rating and a $99.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of Visteon from $127.00 to $131.00 in a research note on Friday. Bank of America upgraded shares of Visteon from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $122.00 to $140.00 in a research note on Wednesday, April 6th. Finally, Morgan Stanley decreased their price target on shares of Visteon from $75.00 to $72.00 and set an “underweight” rating for the company in a research note on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Visteon has an average rating of “Hold” and a consensus target price of $119.62.

NASDAQ:VC opened at $104.71 on Monday. The stock has a 50-day moving average of $104.75. Visteon has a 12 month low of $88.82 and a 12 month high of $134.57. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.36 and a current ratio of 1.67. The stock has a market cap of $2.93 billion, a PE ratio of 63.46 and a beta of 1.91.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Visteon by 1.5% in the fourth quarter. BlackRock Inc. now owns 3,033,103 shares of the company’s stock worth $337,101,000 after acquiring an additional 45,547 shares during the period. Janus Henderson Group PLC grew its stake in shares of Visteon by 0.7% in the third quarter. Janus Henderson Group PLC now owns 2,667,550 shares of the company’s stock worth $251,790,000 after acquiring an additional 17,470 shares during the period. Wellington Management Group LLP grew its stake in shares of Visteon by 19.8% in the third quarter. Wellington Management Group LLP now owns 1,555,379 shares of the company’s stock worth $146,813,000 after acquiring an additional 256,689 shares during the period. Victory Capital Management Inc. grew its stake in shares of Visteon by 14.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,360,429 shares of the company’s stock worth $151,198,000 after acquiring an additional 173,616 shares during the period. Finally, State Street Corp boosted its holdings in shares of Visteon by 1.1% in the fourth quarter. State Street Corp now owns 1,013,285 shares of the company’s stock worth $112,616,000 after buying an additional 11,499 shares during the last quarter.

About Visteon (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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