Visteon Co. (NASDAQ:VC) Receives $123.77 Average PT from Analysts

Visteon Co. (NASDAQ:VC) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $120.75.

A number of equities analysts have recently weighed in on VC shares. Barclays lowered their price target on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Wells Fargo & Company lifted their price target on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th.

Visteon Price Performance

Shares of VC opened at $86.57 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $85.50 and its two-hundred day moving average is $90.84. Visteon has a twelve month low of $75.75 and a twelve month high of $121.45. The firm has a market capitalization of $2.34 billion, a PE ratio of 8.82, a P/E/G ratio of 0.42 and a beta of 1.44.

Visteon (NASDAQ:VC) last posted 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 for the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Research analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Institutional Trading of Visteon

A number of large investors have recently made changes to their positions in VC. Nordea Investment Management AB purchased a new position in Visteon in the 4th quarter valued at about $7,730,000. Principal Financial Group Inc. raised its position in shares of Visteon by 3.2% in the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after buying an additional 8,500 shares during the last quarter. Mirabella Financial Services LLP lifted its stake in shares of Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock valued at $1,628,000 after buying an additional 13,390 shares during the period. Systematic Financial Management LP boosted its position in Visteon by 11.8% during the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after acquiring an additional 27,403 shares during the last quarter. Finally, Royce & Associates LP grew its stake in Visteon by 28.2% in the 3rd quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock worth $19,259,000 after acquiring an additional 44,460 shares during the period. Institutional investors and hedge funds 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.