Visteon Co. (NASDAQ:VC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Visteon Co. (NASDAQ:VC) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $142.36.

VC has been the topic of a number of research analyst reports. Wolfe Research reissued a “peer perform” rating on shares of Visteon in a research report on Thursday, January 4th. Guggenheim cut their price objective on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. cut their price objective on Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th.

Hedge Funds Weigh In On Visteon

Hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC raised its stake in shares of Visteon by 20.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,825 shares of the company’s stock valued at $252,000 after acquiring an additional 304 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Visteon by 6.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,381 shares of the company’s stock valued at $605,000 after acquiring an additional 277 shares during the period. Redwood Investments LLC raised its stake in shares of Visteon by 15.1% in the 3rd quarter. Redwood Investments LLC now owns 96,050 shares of the company’s stock valued at $13,262,000 after acquiring an additional 12,606 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Visteon by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 596,328 shares of the company’s stock valued at $82,335,000 after acquiring an additional 19,296 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Visteon by 17.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,705 shares of the company’s stock valued at $788,000 after acquiring an additional 837 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Trading Up 2.3 %

Shares of Visteon stock opened at $112.19 on Friday. The stock has a market cap of $3.08 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.50 and a beta of 1.65. The stock’s 50 day simple moving average is $113.58 and its 200-day simple moving average is $118.46. Visteon has a 1-year low of $105.19 and a 1-year high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a return on equity of 57.45% and a net margin of 12.29%. The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts predict that Visteon will post 8.68 EPS for the current fiscal year.

Visteon Company Profile

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.