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

Visteon Co. (NASDAQ:VC) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $127.57.

Several equities analysts have issued reports on VC shares. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Wells Fargo & Company raised shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $122.00 in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 price target on shares of Visteon in a report on Tuesday, September 10th. Morgan Stanley cut their price objective on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Finally, The Goldman Sachs Group lowered their target price on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st.

Hedge Funds Weigh In On Visteon

Several large investors have recently made changes to their positions in the business. Signaturefd LLC grew its stake in Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Visteon in the second quarter worth about $59,000. KBC Group NV lifted its position in shares of Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after buying an additional 247 shares in the last quarter. Acadian Asset Management LLC bought a new position in Visteon during the second quarter valued at approximately $89,000. Finally, nVerses Capital LLC grew its holdings in Visteon by 22.2% during the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after buying an additional 200 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Stock Performance

Shares of Visteon stock opened at $93.21 on Friday. Visteon has a 1 year low of $86.27 and a 1 year high of $131.70. The firm’s 50-day moving average is $92.08 and its 200 day moving average is $99.60. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 0.46 and a beta of 1.44. 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 issued its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same quarter in the prior year, the firm posted $2.35 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. Sell-side analysts anticipate that Visteon will post 8.2 EPS for the current fiscal year.

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.