Visteon Co. (NASDAQ:VC) Receives $127.57 Consensus Price Target from Analysts

Visteon Co. (NASDAQ:VC) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $127.57.

Several equities analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Barclays cut their price target on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $124.00 price target on shares of Visteon in a report on Tuesday, September 10th. Wells Fargo & Company raised shares of Visteon from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $115.00 to $122.00 in a report on Friday, September 20th. Finally, StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd.

Institutional Investors Weigh In On Visteon

Hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares during the period. Mather Group LLC. acquired a new position in Visteon in the second quarter valued at about $59,000. KBC Group NV lifted its position in Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Visteon in the second quarter valued at about $89,000. Finally, Motco acquired a new position in Visteon in the first quarter valued at about $106,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

VC opened at $91.69 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The firm has a fifty day moving average price of $92.48 and a 200 day moving average price of $101.81. Visteon has a 1 year low of $86.77 and a 1 year high of $131.70. The stock has a market cap of $2.53 billion, a P/E ratio of 4.98, a P/E/G ratio of 0.45 and a beta of 1.45.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period in the previous year, the business posted $2.35 EPS. The business’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts anticipate that Visteon will post 8.04 earnings per share for the current year.

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.