Visteon (NASDAQ:VC) Upgraded by Barclays to “Overweight”

Barclays upgraded shares of Visteon (NASDAQ:VC) from an equal weight rating to an overweight rating in a report published on Wednesday, Marketbeat.com reports. Barclays currently has $145.00 price target on the stock, up from their prior price target of $140.00.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their target price on Visteon from $160.00 to $148.00 and set a neutral rating on the stock in a research report on Thursday, January 25th. UBS Group raised Visteon from a neutral rating to a buy rating and lifted their price objective for the company from $143.00 to $145.00 in a report on Wednesday, January 17th. BNP Paribas downgraded Visteon from an outperform rating to a neutral rating and set a $130.00 price objective on the stock. in a report on Wednesday, December 13th. Royal Bank of Canada decreased their price objective on Visteon from $188.00 to $146.00 and set an outperform rating on the stock in a report on Thursday, March 7th. Finally, Wolfe Research reaffirmed a peer perform rating on shares of Visteon in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $146.50.

Visteon Trading Down 0.5 %

Shares of NASDAQ:VC opened at $113.52 on Wednesday. The company has a market cap of $3.12 billion, a P/E ratio of 6.61, a P/E/G ratio of 0.50 and a beta of 1.65. The stock’s 50-day moving average is $115.93 and its 200-day moving average is $120.49. Visteon has a 52-week low of $108.65 and a 52-week high of $159.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74.

Visteon (NASDAQ:VC) last released its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business had revenue of $990.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business earned $1.32 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts predict that Visteon will post 8.72 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in Visteon by 51.5% in the 1st quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock worth $267,776,000 after purchasing an additional 834,079 shares during the last quarter. Norges Bank bought a new position in Visteon in the 4th quarter worth approximately $40,092,000. Morgan Stanley raised its position in Visteon by 40.1% in the 4th quarter. Morgan Stanley now owns 734,690 shares of the company’s stock worth $96,120,000 after purchasing an additional 210,114 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Visteon by 729.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,841 shares of the company’s stock worth $36,988,000 after purchasing an additional 207,400 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in Visteon by 416.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock worth $18,619,000 after purchasing an additional 120,210 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

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.