Visteon (NASDAQ:VC) Downgraded to “Hold” Rating by StockNews.com

Visteon (NASDAQ:VC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

VC has been the topic of several other reports. Barclays decreased their price target on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada decreased their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. UBS Group dropped their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Baird R W downgraded Visteon from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $115.00 to $122.00 in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.57.

Visteon Trading Up 1.0 %

Shares of NASDAQ:VC opened at $91.19 on Friday. Visteon has a 52-week low of $86.77 and a 52-week high of $131.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The company has a market capitalization of $2.52 billion, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The company has a 50-day simple moving average of $94.00 and a 200 day simple moving average of $103.09.

Visteon (NASDAQ:VC) last announced its quarterly 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 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 firm posted $2.35 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Sell-side analysts forecast that Visteon will post 8.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VC. Vanguard Group Inc. boosted its position in shares of Visteon by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock valued at $344,520,000 after purchasing an additional 48,457 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after buying an additional 137,264 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Visteon by 1.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company’s stock worth $86,234,000 after buying an additional 8,941 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after acquiring an additional 83,840 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after acquiring an additional 111,377 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.