UBS Group Reiterates Neutral Rating for Visteon (NASDAQ:VC)

Visteon (NASDAQ:VC)‘s stock had its “neutral” rating reaffirmed by equities researchers at UBS Group in a research report issued on Thursday, MarketBeat.com reports. They currently have a $76.00 target price on the stock, down from their prior target price of $114.00. UBS Group’s target price suggests a potential upside of 11.58% from the company’s current price.

A number of other research firms have also weighed in on VC. The Goldman Sachs Group reiterated a “neutral” rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a report on Thursday. Royal Bank of Canada cut their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Wells Fargo & Company lifted their price target on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Barclays reduced their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Visteon presently has a consensus rating of “Hold” and a consensus price target of $108.75.

Visteon Price Performance

VC opened at $68.11 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon has a 1 year low of $65.10 and a 1 year high of $117.94. The stock’s 50 day simple moving average is $81.08 and its 200 day simple moving average is $86.82. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. As a group, analysts predict that Visteon will post 8.42 earnings per share for the current year.

Institutional Investors Weigh In On Visteon

A number of hedge funds have recently added to or reduced their stakes in VC. American Century Companies Inc. grew its holdings in shares of Visteon by 58.8% in the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after acquiring an additional 536,073 shares during the period. Norges Bank bought a new stake in shares of Visteon during the 4th quarter valued at about $29,468,000. Price T Rowe Associates Inc. MD grew its stake in shares of Visteon by 78.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company’s stock valued at $29,850,000 after purchasing an additional 147,685 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock valued at $74,886,000 after purchasing an additional 124,897 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Visteon in the 4th quarter worth approximately $10,170,000. 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.