Visteon (NASDAQ:VC) Given New $126.00 Price Target at Guggenheim

Visteon (NASDAQ:VC) had its price objective lowered by Guggenheim from $136.00 to $126.00 in a report released on Wednesday morning, Benzinga reports. Guggenheim currently has a buy rating on the stock.

Other analysts have also issued reports about the company. StockNews.com raised Visteon from a hold rating to a buy rating in a research note on Thursday, January 11th. UBS Group raised Visteon from a neutral rating to a buy rating and raised their price target for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. Wells Fargo & Company raised their price target on Visteon from $101.00 to $106.00 and gave the stock an underweight rating in a research note on Wednesday, February 21st. Bank of America decreased their price target on Visteon from $165.00 to $160.00 and set a buy rating on the stock in a research note on Thursday, February 29th. Finally, Barclays raised Visteon from an equal weight rating to an overweight rating and raised their price target for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Visteon presently has an average rating of Moderate Buy and an average target price of $143.00.

Visteon Stock Down 0.6 %

VC opened at $106.83 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.94 billion, a P/E ratio of 6.22, a PEG ratio of 0.48 and a beta of 1.65. Visteon has a 52 week low of $106.63 and a 52 week high of $159.87. The business’s fifty day simple moving average is $114.98 and its 200 day simple moving average is $119.48.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $13.01 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $10.92. The business had revenue of $990.00 million for the quarter, compared to analyst estimates of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 earnings per share. As a group, equities research analysts anticipate that Visteon will post 8.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY raised its holdings in shares of Visteon by 5.2% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,712 shares of the company’s stock valued at $224,000 after buying an additional 85 shares during the period. Fifth Third Bancorp increased its holdings in Visteon by 3.0% during the 3rd quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock worth $413,000 after purchasing an additional 86 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Visteon by 7.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,222 shares of the company’s stock worth $175,000 after purchasing an additional 87 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Visteon by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $706,000 after purchasing an additional 94 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Visteon by 4.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,243 shares of the company’s stock worth $352,000 after purchasing an additional 101 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other 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.