Visteon (NASDAQ:VC) PT Lowered to $137.00 at Robert W. Baird

Visteon (NASDAQ:VC) had its price target reduced by equities research analysts at Robert W. Baird from $140.00 to $137.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 22.11% from the company’s previous close.

VC has been the topic of a number of other research reports. UBS Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and increased their price target for the company from $143.00 to $145.00 in a report on Wednesday, January 17th. JPMorgan Chase & Co. lowered their price objective on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Wolfe Research restated a “peer perform” rating on shares of Visteon in a research report on Thursday, January 4th. Royal Bank of Canada lowered their price objective on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Finally, Wells Fargo & Company upgraded shares of Visteon from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $106.00 to $108.00 in a research report on Friday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.36.

Visteon Trading Up 2.3 %

NASDAQ:VC opened at $112.19 on Friday. The company’s 50 day moving average price is $113.58 and its 200-day moving average price is $118.35. Visteon has a 52 week low of $105.19 and a 52 week high of $159.87. 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 stock has a market cap of $3.08 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.49 and a beta of 1.65.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The firm had revenue of $933.00 million for the quarter, compared to analysts’ expectations of $971.45 million. During the same quarter in the previous year, the company earned $1.25 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Visteon will post 8.68 earnings per share for the current fiscal year.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently modified their holdings of VC. Covestor Ltd raised its position in shares of Visteon by 105.7% during the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after purchasing an additional 111 shares during the period. Parallel Advisors LLC raised its position in shares of Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the period. CWM LLC raised its position in shares of Visteon by 53.6% during the 4th quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the period. Quadrant Capital Group LLC raised its position in shares of Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after purchasing an additional 178 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Visteon during the fourth quarter valued at $59,000. 99.71% of the stock is currently owned by 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.