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

Shares of Visteon Co. (NASDAQ:VC) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $123.77.

VC has been the topic of several recent analyst reports. 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. Royal Bank of Canada reduced their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays decreased their price objective on Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd.

Visteon Stock Performance

NASDAQ VC opened at $90.68 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.39 and a beta of 1.44. Visteon has a fifty-two week low of $75.75 and a fifty-two week high of $121.45. The business has a fifty day moving average of $85.59 and a 200-day moving average of $91.24.

Visteon (NASDAQ:VC) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 25.13%. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. As a group, analysts predict that Visteon will post 8.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Visteon

Institutional investors have recently bought and sold shares of the business. Creative Planning lifted its stake in shares of Visteon by 87.5% during the third quarter. Creative Planning now owns 8,914 shares of the company’s stock worth $849,000 after purchasing an additional 4,160 shares in the last quarter. Signaturefd LLC lifted its position in Visteon by 46.7% during the 3rd quarter. Signaturefd LLC now owns 421 shares of the company’s stock worth $40,000 after acquiring an additional 134 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Visteon by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock worth $306,000 after acquiring an additional 215 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Visteon by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after acquiring an additional 8,500 shares during the period. Finally, Olympiad Research LP acquired a new stake in Visteon in the third quarter valued at approximately $429,000. 99.71% of the stock is currently owned by hedge funds and other 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.