Visteon (NASDAQ:VC) Given New $95.00 Price Target at Morgan Stanley

Visteon (NASDAQ:VC) had its target price lowered by Morgan Stanley from $100.00 to $95.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities analysts have also issued research reports about the company. Barclays reduced their target price on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company lifted their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Finally, Royal Bank of Canada reduced their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.92.

Visteon Stock Performance

Shares of Visteon stock opened at $84.13 on Monday. The company has a market capitalization of $2.28 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. Visteon has a 52 week low of $75.75 and a 52 week high of $121.45. The stock’s fifty day moving average is $85.46 and its two-hundred day moving average is $90.58. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $2.47. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, analysts expect that Visteon will post 8.42 earnings per share for the current year.

Institutional Trading of Visteon

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Visteon by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company’s stock worth $258,106,000 after acquiring an additional 16,442 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after purchasing an additional 536,073 shares in the last quarter. Invesco Ltd. increased its stake in shares of Visteon by 5.6% during the fourth quarter. Invesco Ltd. now owns 1,184,511 shares of the company’s stock worth $105,090,000 after purchasing an additional 62,610 shares in the last quarter. State Street Corp raised its position in shares of Visteon by 0.4% during the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after purchasing an additional 3,918 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Visteon by 5.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company’s stock valued at $80,621,000 after buying an additional 45,058 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.