Visteon (NASDAQ:VC) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Visteon (NASDAQ:VC) from a buy rating to a hold rating in a research note published on Monday.

Other equities analysts have also recently issued reports about the company. Barclays cut their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. UBS Group cut their price objective on Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group cut 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $124.00 price objective on shares of Visteon in a report on Tuesday, September 10th. Finally, Citigroup cut their price objective on Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.57.

Visteon Trading Down 1.8 %

Shares of VC opened at $94.31 on Monday. The business has a 50-day moving average of $94.33 and a 200 day moving average of $103.33. Visteon has a fifty-two week low of $86.77 and a fifty-two week high of $131.70. The firm has a market cap of $2.60 billion, a P/E ratio of 5.12, a price-to-earnings-growth ratio of 0.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. During the same quarter last year, the company earned $2.35 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. As a group, research analysts forecast that Visteon will post 7.98 EPS for the current year.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama boosted its position in shares of Visteon by 0.3% during the first quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock valued at $4,107,000 after purchasing an additional 91 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Visteon by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock worth $801,000 after acquiring an additional 100 shares in the last quarter. Signaturefd LLC grew its stake in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after acquiring an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue raised 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 worth $306,000 after purchasing an additional 215 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

About Visteon

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.