Morgan Stanley Has Lowered Expectations for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its target price lowered by analysts at Morgan Stanley from $100.00 to $95.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 14.54% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Barclays lowered their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company upped their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada decreased their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $119.92.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $82.94 on Monday. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The company has a 50-day moving average price of $85.37 and a 200-day moving average price of $90.48. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon has a 12 month low of $75.75 and a 12 month high of $121.45.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, equities analysts anticipate that Visteon will post 8.42 EPS for the current year.

Institutional Investors Weigh In On Visteon

Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Visteon by 24.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,916 shares of the company’s stock valued at $7,179,000 after buying an additional 15,666 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Visteon by 23.4% during the fourth quarter. Voloridge Investment Management LLC now owns 229,114 shares of the company’s stock valued at $20,327,000 after buying an additional 43,464 shares during the last quarter. Teza Capital Management LLC purchased a new stake in shares of Visteon during the fourth quarter valued at approximately $233,000. Systematic Financial Management LP grew its holdings in shares of Visteon by 3.4% during the fourth quarter. Systematic Financial Management LP now owns 268,495 shares of the company’s stock valued at $23,821,000 after buying an additional 8,854 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Visteon by 41.2% during the fourth quarter. ProShare Advisors LLC now owns 8,978 shares of the company’s stock valued at $797,000 after buying an additional 2,618 shares during the last quarter. 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.