Visteon (NASDAQ:VC) Price Target Lowered to $137.00 at Robert W. Baird

Visteon (NASDAQ:VC) had its price target reduced by Robert W. Baird from $140.00 to $137.00 in a report issued on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. StockNews.com upgraded shares of Visteon from a hold rating to a buy rating in a research note on Thursday, January 11th. UBS Group upgraded shares of Visteon from a neutral rating to a buy rating and lifted their price target for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. Royal Bank of Canada decreased their price target on shares of Visteon from $188.00 to $146.00 and set an outperform rating on the stock in a research note on Thursday, March 7th. Wolfe Research restated a peer perform rating on shares of Visteon in a research note on Thursday, January 4th. Finally, Guggenheim reduced their target price on shares of Visteon from $136.00 to $126.00 and set a buy rating on the stock in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $142.36.

Visteon Trading Up 2.3 %

Shares of Visteon stock opened at $112.19 on Friday. The company’s fifty day simple moving average is $113.58 and its 200-day simple moving average is $118.24. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 0.51 and a beta of 1.65. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. Visteon has a 1 year low of $105.19 and a 1 year high of $159.87.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.14). The company had revenue of $933.00 million during the quarter, compared to analyst estimates of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 EPS. As a group, sell-side analysts expect that Visteon will post 8.68 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VC. Covestor Ltd raised its holdings in shares of Visteon by 105.7% in the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 111 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. CWM LLC raised its holdings in Visteon by 53.6% during the 4th quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after purchasing an additional 178 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in Visteon during the 4th quarter worth about $59,000. 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.