Visteon (NASDAQ:VC) Price Target Cut to $140.00

Visteon (NASDAQ:VC) had its target price lowered by equities research analysts at Barclays from $145.00 to $140.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 54.37% from the company’s previous close.

VC has been the subject of a number of other reports. Wolfe Research initiated coverage on Visteon in a report on Thursday, September 5th. They set a “peer perform” rating for the company. UBS Group cut their price objective on shares of Visteon from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. Citigroup cut their price objective on shares of Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, The Goldman Sachs Group cut their price objective on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.86.

Visteon Stock Performance

NASDAQ VC opened at $90.69 on Tuesday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 4.69, a PEG ratio of 0.44 and a beta of 1.45. Visteon has a twelve month low of $88.37 and a twelve month high of $136.40. The stock has a fifty day simple moving average of $95.56 and a 200 day simple moving average of $104.82. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Sell-side analysts expect that Visteon will post 8.06 EPS for the current year.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now owns 5,988 shares in the company, valued at approximately $669,039.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Several large investors have recently modified their holdings of VC. Signaturefd LLC increased its stake in shares of Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Visteon during the 1st quarter worth approximately $48,000. Mather Group LLC. purchased a new stake in shares of Visteon during the 2nd quarter worth approximately $59,000. Acadian Asset Management LLC purchased a new stake in shares of Visteon during the 2nd quarter worth approximately $89,000. Finally, Motco purchased a new stake in shares of Visteon during the 1st quarter worth approximately $106,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.