Visteon Co. (NASDAQ:VC) Receives $123.77 Consensus Price Target from Brokerages

Shares of Visteon Co. (NASDAQ:VC) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $123.77.

VC has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Wells Fargo & Company increased their target price on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Barclays reduced their price objective on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd.

Hedge Funds Weigh In On Visteon

A number of large investors have recently bought and sold shares of the company. Signaturefd LLC raised its stake in Visteon by 46.7% in the 3rd quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after acquiring an additional 134 shares during the period. Quadrant Capital Group LLC raised its stake in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after acquiring an additional 347 shares during the period. KBC Group NV raised its stake in Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after acquiring an additional 247 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after acquiring an additional 1,061 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after acquiring an additional 754 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Up 1.3 %

Shares of Visteon stock opened at $89.24 on Friday. The stock’s 50-day moving average is $85.44 and its 200 day moving average is $90.89. Visteon has a one year low of $75.75 and a one year high of $121.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.42 and a beta of 1.44.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Equities research analysts anticipate that Visteon will post 8.42 EPS for the current year.

About Visteon

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.