Visteon (NASDAQ:VC) PT Lowered to $124.00

Visteon (NASDAQ:VC) had its price objective dropped by Royal Bank of Canada from $129.00 to $124.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 33.51% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Morgan Stanley lowered their price objective on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Robert W. Baird reissued a “neutral” rating and set a $120.00 price objective (down previously from $137.00) on shares of Visteon in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 target price on shares of Visteon in a research report on Tuesday, September 10th. Finally, Citigroup reduced their price target on Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.57.

Visteon Price Performance

VC opened at $92.88 on Friday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 5.31, a PEG ratio of 0.43 and a beta of 1.45. The stock has a fifty day moving average of $94.49 and a 200-day moving average of $103.68. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. Visteon has a 12-month low of $86.77 and a 12-month high of $136.40.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The firm had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. During the same period in the prior year, the business earned $2.35 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts forecast that Visteon will post 8.01 EPS for the current fiscal year.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the completion of the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at approximately $669,039.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visteon

Several large investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock worth $55,860,000 after purchasing an additional 489,959 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after buying an additional 137,264 shares during the period. Millennium Management LLC grew its position in Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after buying an additional 111,377 shares in the last quarter. Lodge Hill Capital LLC bought a new position in Visteon during the second quarter valued at about $11,204,000. Finally, Dimensional Fund Advisors LP raised its holdings in Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after acquiring an additional 83,840 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.