Visteon Corp (NYSE:VC) – Equities research analysts at Jefferies Financial Group lowered their Q3 2019 earnings per share (EPS) estimates for Visteon in a research note issued to investors on Tuesday, April 23rd, Zacks Investment Research reports. Jefferies Financial Group analyst D. Kelley now anticipates that the auto parts company will post earnings of $1.27 per share for the quarter, down from their prior forecast of $1.28. Jefferies Financial Group has a “Hold” rating and a $62.00 price target on the stock. Jefferies Financial Group also issued estimates for Visteon’s Q4 2019 earnings at $1.57 EPS and FY2020 earnings at $7.47 EPS.
Visteon (NYSE:VC) last released its earnings results on Thursday, April 25th. The auto parts company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.58). The company had revenue of $737.00 million for the quarter, compared to the consensus estimate of $713.99 million. During the same quarter last year, the business posted $2.08 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year.
Several other analysts have also recently commented on VC. TheStreet cut shares of Visteon from a “b-” rating to a “c” rating in a research note on Thursday, May 2nd. BMO Capital Markets decreased their price target on shares of Visteon to $83.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. B. Riley cut shares of Visteon from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $130.00 to $75.00 in a research note on Thursday, April 25th. Robert W. Baird upgraded shares of Visteon from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $87.00 to $108.00 in a research note on Tuesday, April 23rd. Finally, Longbow Research reiterated a “buy” rating and issued a $110.00 price target on shares of Visteon in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $97.69.
VC opened at $61.72 on Friday. Visteon has a fifty-two week low of $56.59 and a fifty-two week high of $139.45.
Several hedge funds and other institutional investors have recently made changes to their positions in VC. Pearl River Capital LLC bought a new position in Visteon during the 4th quarter valued at about $36,000. BNP Paribas Arbitrage SA grew its holdings in Visteon by 76.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 905 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 391 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Visteon by 132.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,981 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 1,129 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in Visteon by 81.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,045 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 920 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in Visteon during the 1st quarter valued at about $155,000.
About Visteon
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.