Barclays Lowers Visteon (NASDAQ:VC) Price Target to $110.00

Visteon (NASDAQ:VC) had its price objective cut by stock analysts at Barclays from $130.00 to $110.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 20.34% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Morgan Stanley lifted their price target on shares of Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Royal Bank Of Canada upped their price objective on Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. JPMorgan Chase & Co. increased their target price on Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Robert W. Baird set a $126.00 price target on Visteon in a research report on Wednesday, January 14th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $127.15.

Visteon Trading Down 1.3%

Shares of Visteon stock opened at $91.41 on Friday. The firm has a market cap of $2.49 billion, a PE ratio of 8.21 and a beta of 1.15. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $129.10. The business’s fifty day moving average is $99.28 and its two-hundred day moving average is $110.35.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $945.41 million. During the same period in the prior year, the business posted $2.26 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other Visteon news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $110.02, for a total transaction of $65,461.90. Following the transaction, the chief executive officer directly owned 175,527 shares in the company, valued at approximately $19,311,480.54. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new stake in Visteon in the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC increased its stake in shares of Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Visteon during the third quarter worth $44,000. Fifth Third Bancorp raised its holdings in shares of Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after acquiring an additional 204 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in Visteon during the third quarter valued at $48,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.