Visteon Co. (NASDAQ:VC) Receives $117.25 Average Target Price from Brokerages

Shares of Visteon Co. (NASDAQ:VC) have earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $117.25.

VC has been the subject of a number of research reports. Royal Bank of Canada reduced their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Morgan Stanley reduced their price objective on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company increased their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. TD Cowen assumed coverage on shares of Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective for the company. Finally, Barclays reduced 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, March 3rd.

Visteon Stock Up 1.4 %

Shares of VC stock opened at $82.04 on Tuesday. Visteon has a 12 month low of $75.75 and a 12 month high of $119.16. The stock has a market cap of $2.22 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $84.42 and a two-hundred day simple moving average of $89.27.

Visteon (NASDAQ:VC) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. On average, research analysts expect that Visteon will post 8.42 earnings per share for the current year.

Hedge Funds Weigh In On Visteon

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its position in Visteon by 2.6% during the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock valued at $547,000 after purchasing an additional 156 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Visteon by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after acquiring an additional 171 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Visteon by 4.7% in the 4th quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after acquiring an additional 175 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Visteon by 2.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company’s stock worth $756,000 after acquiring an additional 182 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Visteon by 5.0% in the 4th quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock worth $402,000 after acquiring an additional 216 shares during the last quarter. 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.