Visteon (NASDAQ:VC) Price Target Cut to $107.00

Visteon (NASDAQ:VC) had its price objective lowered by stock analysts at Wells Fargo & Company from $108.00 to $107.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.21% from the company’s previous close.

VC has been the topic of a number of other research reports. Bank of America lowered their target price on Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Guggenheim reduced their price target on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Robert W. Baird reduced their price target on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. reduced their target price on Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Finally, Royal Bank of Canada reduced their target price on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.64.

Visteon Stock Down 0.5 %

VC stock opened at $105.72 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37. The stock has a market capitalization of $2.92 billion, a P/E ratio of 6.04, a P/E/G ratio of 0.50 and a beta of 1.54. The business has a 50-day moving average of $110.18 and a 200-day moving average of $115.13. Visteon has a fifty-two week low of $101.42 and a fifty-two week high of $159.87.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The company had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. During the same quarter in the previous year, the company posted $1.25 EPS. The business’s revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Visteon will post 8.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nebula Research & Development LLC purchased a new stake in Visteon in the 4th quarter worth $1,443,000. Tectonic Advisors LLC purchased a new stake in Visteon in the 4th quarter worth $3,187,000. EverSource Wealth Advisors LLC lifted its stake in Visteon by 132,566.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 11,940 shares of the company’s stock worth $1,491,000 after purchasing an additional 11,931 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Visteon by 416.5% during the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock valued at $18,619,000 after buying an additional 120,210 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Visteon by 7.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 48,958 shares of the company’s stock valued at $5,803,000 after buying an additional 3,279 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

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.