Visteon (NASDAQ:VC) Price Target Lowered to $110.00 at Barclays

Visteon (NASDAQ:VC) had its price objective lowered by Barclays from $115.00 to $110.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

VC has been the subject of several other reports. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Wells Fargo & Company raised their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada dropped their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.92.

Visteon Price Performance

Shares of NASDAQ VC opened at $86.55 on Monday. Visteon has a 52 week low of $75.75 and a 52 week high of $121.45. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The firm has a 50-day simple moving average of $85.34 and a 200-day simple moving average of $90.46. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $954.17 million. On average, equities analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its stake in shares of Visteon by 2.6% in the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock valued at $547,000 after purchasing an additional 156 shares during the period. Franklin Resources Inc. boosted its stake in shares of Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock valued at $1,881,000 after purchasing an additional 171 shares during the period. Xponance Inc. boosted its stake in shares of Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company’s stock valued at $346,000 after purchasing an additional 175 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of Visteon by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company’s stock valued at $756,000 after purchasing an additional 182 shares during the period. Finally, Covestor Ltd lifted its stake in Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.