Visteon Co. (NASDAQ:VC) Given Average Rating of “Moderate Buy” by Brokerages

Visteon Co. (NASDAQ:VC) has earned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $127.15.

A number of research firms recently commented on VC. The Goldman Sachs Group dropped their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Wolfe Research assumed coverage on shares of Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $124.00 target price on shares of Visteon in a report on Tuesday, September 10th.

Institutional Trading of Visteon

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its position in Visteon by 70.8% during 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 last quarter. Franklin Resources Inc. raised its position in Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after acquiring an additional 171 shares in the last quarter. Covestor Ltd lifted its stake in Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after acquiring an additional 202 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Visteon by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock valued at $306,000 after acquiring an additional 215 shares during the period. Finally, KBC Group NV raised its holdings in shares of Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after purchasing an additional 247 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Up 0.1 %

Shares of NASDAQ VC opened at $88.72 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.45 billion, a PE ratio of 4.82, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. The firm’s 50-day moving average is $91.43 and its 200-day moving average is $97.19. Visteon has a 1 year low of $84.01 and a 1 year high of $128.41.

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, beating analysts’ consensus estimates of $1.89 by $0.37. The firm had revenue of $980.00 million for the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $2.35 earnings per share. Equities analysts expect that Visteon will post 8.2 EPS 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.