Visteon (NASDAQ:VC) PT Lowered to $140.00 at Barclays

Visteon (NASDAQ:VC) had its price objective cut by Barclays from $145.00 to $140.00 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently weighed in on VC. JPMorgan Chase & Co. dropped their price objective on Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Wolfe Research started coverage on shares of Visteon in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Robert W. Baird reiterated a “neutral” rating and set a $120.00 price objective (down previously from $137.00) on shares of Visteon in a report on Friday, July 12th. The Goldman Sachs Group dropped their target price on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus target price of $128.86.

Visteon Stock Performance

Visteon stock opened at $90.39 on Tuesday. Visteon has a 1-year low of $88.37 and a 1-year high of $136.40. The company’s 50-day moving average is $95.36 and its 200 day moving average is $104.72. The firm has a market capitalization of $2.50 billion, a P/E ratio of 4.67, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $1.96 by $0.58. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 EPS. Research analysts forecast that Visteon will post 8.06 EPS for the current year.

Insider Buying and Selling

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now directly owns 5,988 shares in the company, valued at $669,039.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC raised its position in shares of Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Visteon in the first quarter valued at $48,000. Mather Group LLC. acquired a new position in shares of Visteon in the 2nd quarter valued at $59,000. Acadian Asset Management LLC purchased a new position in shares of Visteon during the 2nd quarter worth $89,000. Finally, Motco purchased a new position in shares of Visteon during the 1st quarter worth $106,000. 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.