Visteon Corporation (NASDAQ:VC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Visteon Corporation (NASDAQ:VC) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $127.1538.

A number of brokerages have recently weighed in on VC. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. Zacks Research cut Visteon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. UBS Group dropped their target price on Visteon from $142.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Barclays decreased their price target on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Finally, The Goldman Sachs Group set a $120.00 price objective on shares of Visteon in a research note on Thursday, January 15th.

Visteon Stock Down 1.0%

Shares of NASDAQ:VC opened at $99.71 on Friday. The firm has a 50 day simple moving average of $98.10 and a 200 day simple moving average of $109.38. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. The company has a market cap of $2.72 billion, a PE ratio of 8.96 and a beta of 1.16.

Institutional Trading of Visteon

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Visteon by 2.1% in the second quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock valued at $65,316,000 after purchasing an additional 14,662 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Visteon by 11.0% during the 3rd quarter. Nordea Investment Management AB now owns 135,025 shares of the company’s stock valued at $16,216,000 after buying an additional 13,415 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Visteon by 146.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,531 shares of the company’s stock valued at $7,016,000 after buying an additional 34,751 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Visteon in the second quarter worth approximately $1,719,000. Finally, Brandywine Global Investment Management LLC bought a new position in Visteon during the second quarter valued at approximately $10,948,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Company Profile

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.