Visteon (NASDAQ:VC) Price Target Lowered to $137.00 at Robert W. Baird

Visteon (NASDAQ:VC) had its target price lowered by Robert W. Baird from $140.00 to $137.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Guggenheim dropped their price target on Visteon from $136.00 to $126.00 and set a buy rating for the company in a research report on Wednesday, April 17th. UBS Group upgraded shares of Visteon from a neutral rating to a buy rating and lifted their target price for the company from $143.00 to $145.00 in a research report on Wednesday, January 17th. Bank of America lowered their price objective on shares of Visteon from $165.00 to $160.00 and set a buy rating on the stock in a research report on Thursday, February 29th. StockNews.com upgraded shares of Visteon from a hold rating to a buy rating in a research report on Thursday, January 11th. Finally, Barclays raised Visteon from an equal weight rating to an overweight rating and increased their target price for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Visteon presently has an average rating of Moderate Buy and a consensus price target of $142.36.

Visteon Stock Performance

Shares of VC opened at $112.19 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.49 and a beta of 1.65. Visteon has a 52-week low of $105.19 and a 52-week high of $159.87. The stock’s 50-day simple moving average is $113.58 and its 200 day simple moving average is $118.46.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The firm had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 earnings per share. Research analysts forecast that Visteon will post 8.68 EPS for the current fiscal year.

Institutional Trading of Visteon

A number of institutional investors have recently made changes to their positions in VC. Covestor Ltd raised its stake in shares of Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after acquiring an additional 111 shares during the last quarter. Parallel Advisors LLC raised its position in Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. CWM LLC raised its position in Visteon by 53.6% during the 4th quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Visteon by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after buying an additional 178 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Visteon during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.