Royal Bank of Canada Has Lowered Expectations for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its price objective lowered by investment analysts at Royal Bank of Canada from $127.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 10.28% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Barclays reduced their target price on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Visteon currently has a consensus rating of “Moderate Buy” and an average target price of $123.77.

Visteon Price Performance

VC stock opened at $90.68 on Wednesday. The company has a 50 day simple moving average of $85.59 and a 200 day simple moving average of $91.24. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 0.39 and a beta of 1.44. Visteon has a 1 year low of $75.75 and a 1 year high of $121.45. 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 quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 25.13%. Research analysts anticipate that Visteon will post 8.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Visteon

A number of institutional investors have recently modified their holdings of VC. Signaturefd LLC boosted its stake in shares of Visteon by 46.7% in the 3rd quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after purchasing an additional 134 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after acquiring an additional 347 shares in the last quarter. KBC Group NV boosted its stake in Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after acquiring an additional 1,061 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after acquiring an additional 754 shares in the last quarter. 99.71% of the stock is owned by 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.