Visteon Co. (NASDAQ:VC – Get Rating) has received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $120.33.
Several research analysts recently issued reports on VC shares. Citigroup reduced their target price on shares of Visteon from $119.00 to $108.00 in a report on Tuesday, April 5th. Bank of America raised shares of Visteon from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $122.00 to $140.00 in a report on Wednesday, April 6th. Barclays reduced their target price on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. The Goldman Sachs Group reduced their target price on shares of Visteon from $156.00 to $138.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd. Finally, Zacks Investment Research cut shares of Visteon from a “buy” rating to a “hold” rating in a report on Thursday, April 21st.
A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC acquired a new stake in shares of Visteon in the fourth quarter valued at about $29,000. Spire Wealth Management acquired a new stake in shares of Visteon in the fourth quarter valued at about $30,000. Strs Ohio grew its position in shares of Visteon by 100.0% in the first quarter. Strs Ohio now owns 400 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the period. Sageworth Trust Co of South Dakota acquired a new stake in shares of Visteon in the fourth quarter valued at about $45,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Visteon in the third quarter valued at about $57,000.
Visteon (NASDAQ:VC – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.45. The business had revenue of $818.00 million during the quarter, compared to analysts’ expectations of $731.40 million. Visteon had a net margin of 1.65% and a return on equity of 14.10%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.56 earnings per share. On average, sell-side analysts forecast that Visteon will post 4.29 earnings per share for the current year.
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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