Visteon (NASDAQ:VC) Given New $110.00 Price Target at Barclays

Visteon (NASDAQ:VC) had its price target cut by Barclays from $115.00 to $110.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

VC has been the subject of several other research reports. StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Royal Bank of Canada reduced their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their price target on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.92.

Visteon Stock Down 3.0 %

Shares of NASDAQ:VC opened at $84.13 on Monday. The company has a market capitalization of $2.28 billion, a PE ratio of 8.58, a P/E/G ratio of 0.42 and a beta of 1.44. 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 twelve month low of $75.75 and a twelve month high of $121.45. The firm has a 50 day simple moving average of $85.46 and a 200-day simple moving average of $90.58.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. The business 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%. On average, equities analysts predict that Visteon will post 8.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after buying an additional 347 shares during the period. Signaturefd LLC raised its holdings in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after buying an additional 263 shares during the period. KBC Group NV raised its holdings in Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after buying an additional 1,061 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after buying an additional 754 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

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.