Robert W. Baird Lowers Visteon (NASDAQ:VC) Price Target to $76.00

Visteon (NASDAQ:VC) had its target price reduced by equities researchers at Robert W. Baird from $100.00 to $76.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 8.90% from the stock’s previous close.

A number of other brokerages also recently weighed in on VC. UBS Group reaffirmed a “neutral” rating and issued a $76.00 target price (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Wells Fargo & Company boosted 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. The Goldman Sachs Group reiterated a “neutral” rating and issued a $74.00 price objective (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Barclays cut their price target on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, Morgan Stanley lowered their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $102.75.

Visteon Price Performance

Shares of Visteon stock opened at $69.79 on Tuesday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 0.42 and a beta of 1.32. The firm’s 50-day moving average price is $80.82 and its two-hundred day moving average price is $86.56. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon has a 1-year low of $65.10 and a 1-year high of $117.94.

Visteon (NASDAQ:VC) last released its quarterly earnings results 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. The firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. On average, equities analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Visteon

Several large investors have recently bought and sold shares of the company. LPL Financial LLC grew its holdings in shares of Visteon by 2.6% in the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock valued at $547,000 after buying an additional 156 shares during the period. Franklin Resources Inc. increased its holdings in shares of Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after acquiring an additional 171 shares in the last quarter. Xponance Inc. raised its position in shares of Visteon by 4.7% during the fourth quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after purchasing an additional 175 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Visteon by 2.2% during the 4th 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 in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Visteon by 5.0% in the 4th quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock valued at $402,000 after purchasing an additional 216 shares during the period. 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.