Visteon Co. (NASDAQ:VC – Get Free Report) has been given an average recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $162.53.
A number of research firms recently commented on VC. Wells Fargo & Company dropped their price objective on Visteon from $138.00 to $123.00 and set an “underweight” rating for the company in a research report on Tuesday, October 3rd. BNP Paribas cut Visteon from an “outperform” rating to a “neutral” rating and set a $130.00 target price for the company. in a report on Wednesday, December 13th. Citigroup raised Visteon from a “neutral” rating to a “buy” rating and set a $149.00 price target on the stock in a research report on Monday, November 6th. Barclays raised Visteon from an “underweight” rating to an “equal weight” rating and set a $158.00 price target on the stock in a research report on Thursday, October 12th. Finally, StockNews.com upgraded Visteon from a “hold” rating to a “buy” rating in a research note on Saturday.
Visteon Stock Up 0.1 %
Shares of VC opened at $128.19 on Friday. The company’s 50-day simple moving average is $121.39 and its 200-day simple moving average is $135.70. The stock has a market capitalization of $3.56 billion, a PE ratio of 23.83, a P/E/G ratio of 0.65 and a beta of 1.76. Visteon has a 1 year low of $108.65 and a 1 year high of $171.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 1.71.
Visteon (NASDAQ:VC – Get Free Report) last announced its quarterly earnings results on Thursday, October 26th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.86 by $0.49. Visteon had a net margin of 3.82% and a return on equity of 22.15%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Analysts forecast that Visteon will post 6.73 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Visteon
Several large investors have recently modified their holdings of VC. Wellington Management Group LLP boosted its position in Visteon by 51.5% during the first quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock valued at $267,776,000 after purchasing an additional 834,079 shares during the last quarter. Norges Bank bought a new position in Visteon during the 4th quarter worth $38,169,000. Morgan Stanley increased its stake in Visteon by 40.1% during the 4th quarter. Morgan Stanley now owns 734,690 shares of the company’s stock worth $96,120,000 after acquiring an additional 210,114 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Visteon by 729.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,841 shares of the company’s stock worth $36,988,000 after acquiring an additional 207,400 shares during the period. Finally, Cartenna Capital LP acquired a new stake in shares of Visteon in the 2nd quarter valued at $28,004,000. 99.75% of the stock is currently owned by institutional investors.
Visteon Company Profile
Visteon Corporation, an automotive technology company, designs and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 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, 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 assistant with natural language understanding.