Brokerages Set Visteon Co. (NASDAQ:VC) Target Price at $141.75

Visteon Co. (NASDAQ:VC) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $141.75.

Several equities research analysts have recently commented on the company. Morgan Stanley cut their price target on Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Guggenheim reduced their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Royal Bank of Canada dropped their target price on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, Bank of America cut their price objective on Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, February 29th.

Visteon Price Performance

Visteon stock opened at $109.85 on Wednesday. The company’s 50 day moving average is $112.97 and its two-hundred day moving average is $117.01. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon has a 52-week low of $105.19 and a 52-week high of $159.87. The firm has a market cap of $3.03 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.66.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The company had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. On average, research analysts expect that Visteon will post 8.49 EPS for the current fiscal year.

Institutional Trading of Visteon

Several large investors have recently added to or reduced their stakes in VC. Retirement Systems of Alabama boosted its stake in shares of Visteon by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock valued at $4,107,000 after buying an additional 91 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Visteon by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $706,000 after purchasing an additional 94 shares during the last quarter. State of Michigan Retirement System increased its holdings in Visteon by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after buying an additional 100 shares during the last quarter. Covestor Ltd raised its stake in Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 111 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Visteon by 4.9% during the 1st quarter. Fifth Third Bancorp now owns 2,697 shares of the company’s stock worth $317,000 after buying an additional 127 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.