Visteon (NASDAQ:VC) Given New $91.00 Price Target at Guggenheim

Visteon (NASDAQ:VC) had its target price lowered by Guggenheim from $108.00 to $91.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Robert W. Baird reduced their target price on Visteon from $100.00 to $76.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Morgan Stanley reduced their price objective on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. TD Cowen assumed coverage on shares of Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, Barclays restated an “equal weight” rating and set a $82.00 price target (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Visteon presently has an average rating of “Hold” and an average price target of $99.83.

Visteon Price Performance

NASDAQ VC opened at $73.63 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1.99 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. Visteon has a 12-month low of $65.10 and a 12-month high of $117.94. The company has a 50 day moving average price of $79.70 and a two-hundred day moving average price of $85.71.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. As a group, equities analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VC. Cardinal Capital Management raised its stake in shares of Visteon by 4.2% in the 1st quarter. Cardinal Capital Management now owns 19,859 shares of the company’s stock valued at $1,541,000 after buying an additional 799 shares in the last quarter. CX Institutional acquired a new position in shares of Visteon in the 1st quarter worth approximately $63,000. Assenagon Asset Management S.A. raised its holdings in shares of Visteon by 82.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 140,267 shares of the company’s stock worth $10,888,000 after buying an additional 63,264 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Visteon during the 1st quarter worth approximately $472,000. Finally, Washington Capital Management Inc. boosted its stake in Visteon by 19.0% in the 1st quarter. Washington Capital Management Inc. now owns 7,500 shares of the company’s stock valued at $582,000 after buying an additional 1,200 shares in the last quarter. 99.71% of the stock is 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.