Visteon (NASDAQ:VC) Stock Rating Reaffirmed by Robert W. Baird

Visteon (NASDAQ:VC)‘s stock had its “neutral” rating restated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Friday, Marketbeat.com reports. They presently have a $120.00 price objective on the stock, down from their prior price objective of $137.00. Robert W. Baird’s target price would indicate a potential upside of 10.38% from the company’s current price.

Several other equities analysts have also recently issued reports on VC. UBS Group dropped their price objective on shares of Visteon from $144.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday. Guggenheim dropped their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, Morgan Stanley decreased their target price on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Visteon has a consensus rating of “Moderate Buy” and an average price target of $135.92.

Visteon Stock Performance

Shares of Visteon stock opened at $108.72 on Friday. The firm’s fifty day simple moving average is $109.27 and its 200-day simple moving average is $113.67. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.48 and a beta of 1.46. Visteon has a 12 month low of $101.42 and a 12 month high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The business had revenue of $933.00 million during the quarter, compared to analyst estimates of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 earnings per share. As a group, equities analysts forecast that Visteon will post 8.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VC. Parallel Advisors LLC increased its stake in shares of Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Visteon during the 1st quarter valued at about $48,000. CWM LLC increased its stake in shares of Visteon by 53.6% during the 4th quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after acquiring an additional 178 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Visteon during the 4th quarter valued at about $59,000. 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.