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

Shares of Visteon Co. (NASDAQ:VCGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $137.33.

A number of research analysts have recently issued reports on the stock. Guggenheim cut their target price on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. The Goldman Sachs Group lowered their price target on shares of Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company lowered their price target on shares of Visteon from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Robert W. Baird lowered their price target on shares of Visteon from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, UBS Group lowered their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday.

Read Our Latest Stock Analysis on Visteon

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in Visteon by 15.6% during the third quarter. Advisors Asset Management Inc. now owns 3,042 shares of the company’s stock worth $420,000 after acquiring an additional 411 shares during the period. Comerica Bank acquired a new position in shares of Visteon during the 3rd quarter valued at $12,222,000. Pacer Advisors Inc. boosted its position in shares of Visteon by 70.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,210 shares of the company’s stock worth $1,025,000 after buying an additional 3,395 shares during the period. Tectonic Advisors LLC acquired a new stake in Visteon during the fourth quarter valued at $3,187,000. Finally, Washington Capital Management Inc. bought a new position in shares of Visteon in the fourth quarter worth about $575,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Trading Up 1.5 %

Visteon stock opened at $105.04 on Thursday. The stock has a market cap of $2.90 billion, a P/E ratio of 6.00, a P/E/G ratio of 0.49 and a beta of 1.46. Visteon has a 12 month low of $101.42 and a 12 month high of $159.87. The company’s fifty day simple moving average is $109.40 and its 200-day simple moving average is $113.71. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VCGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. As a group, sell-side analysts forecast that Visteon will post 8.53 EPS for the current fiscal year.

Visteon Company Profile

(Get Free Report

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.

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Analyst Recommendations for Visteon (NASDAQ:VC)

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