Visteon Co. (NASDAQ:VC) Receives Consensus Rating of “Moderate Buy” from Analysts

Visteon Co. (NASDAQ:VC) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $108.75.

A number of analysts have commented on VC shares. Barclays decreased their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Royal Bank of Canada cut their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. TD Cowen assumed coverage on shares of Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $74.00 price objective (down from $103.00) on shares of Visteon in a research report on Thursday. Finally, UBS Group reissued a “neutral” rating and set a $76.00 target price (down previously from $114.00) on shares of Visteon in a research report on Thursday.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in Visteon by 89.3% in the 3rd quarter. FMR LLC now owns 3,354 shares of the company’s stock worth $319,000 after buying an additional 1,582 shares during the period. Morse Asset Management Inc bought a new stake in shares of Visteon during the 3rd quarter valued at $164,000. State Street Corp lifted its holdings in Visteon by 0.4% during the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after purchasing an additional 3,918 shares in the last quarter. XTX Topco Ltd bought a new position in Visteon in the 3rd quarter worth about $230,000. Finally, Barclays PLC grew its holdings in Visteon by 60.0% during the 3rd quarter. Barclays PLC now owns 63,716 shares of the company’s stock valued at $6,068,000 after buying an additional 23,893 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ:VC opened at $68.11 on Friday. The stock’s 50 day moving average is $81.08 and its 200-day moving average is $86.82. Visteon has a twelve month low of $65.10 and a twelve month high of $117.94. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Sell-side analysts forecast that Visteon will post 8.42 EPS for the current fiscal year.

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.