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

Shares of Visteon Co. (NASDAQ:VC) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $127.57.

A number of analysts have commented on VC shares. Barclays cut their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Royal Bank of Canada cut their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group lowered their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Wolfe Research began coverage on Visteon in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st.

Visteon Trading Up 0.7 %

Shares of NASDAQ:VC opened at $94.14 on Wednesday. The business’s 50 day moving average price is $92.94 and its 200-day moving average price is $102.35. Visteon has a 1 year low of $86.77 and a 1 year high of $131.70. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. The business had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.35 earnings per share. On average, equities research analysts forecast that Visteon will post 8.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Visteon by 20.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 116,655 shares of the company’s stock valued at $13,720,000 after buying an additional 19,826 shares during the period. Clearbridge Investments LLC grew its stake in Visteon by 35.6% in the first quarter. Clearbridge Investments LLC now owns 117,490 shares of the company’s stock valued at $13,818,000 after purchasing an additional 30,818 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Visteon in the 1st quarter worth about $583,000. American Century Companies Inc. raised its stake in shares of Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock worth $55,860,000 after purchasing an additional 489,959 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Visteon during the 2nd quarter valued at about $1,157,000. 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.