TD Cowen Begins Coverage on Visteon (NASDAQ:VC)

Stock analysts at TD Cowen started coverage on shares of Visteon (NASDAQ:VC) in a research note issued on Friday. The brokerage set a “buy” rating and a $108.00 price target on the stock. TD Cowen’s price objective would suggest a potential upside of 23.18% from the stock’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley cut their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Barclays cut their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Royal Bank of Canada cut their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lifted their price objective on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Visteon Stock Up 0.4 %

VC stock opened at $87.68 on Friday. Visteon has a 1-year low of $75.75 and a 1-year high of $121.45. The business has a fifty day moving average price of $85.30 and a 200-day moving average price of $90.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The stock has a market capitalization of $2.37 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.42 and a beta of 1.39.

Visteon (NASDAQ:VC) last posted its quarterly earnings results 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. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. Equities analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Visteon

Several large investors have recently made changes to their positions in VC. State of Alaska Department of Revenue lifted its position in shares of Visteon by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock valued at $306,000 after acquiring an additional 215 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Visteon by 3.2% in the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after buying an additional 8,500 shares in the last quarter. Summit Global Investments purchased a new stake in shares of Visteon in the third quarter worth about $518,000. Covestor Ltd lifted its position in shares of Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after buying an additional 202 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Visteon by 19.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 19,604 shares of the company’s stock worth $1,867,000 after buying an additional 3,194 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.