Visteon Co. (NASDAQ:VC) Given Average Recommendation of “Moderate Buy” by Brokerages

Visteon Co. (NASDAQ:VC) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $142.36.

A number of brokerages have commented on VC. Bank of America dropped their target price on shares of Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Guggenheim dropped their target price on shares of Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Royal Bank of Canada dropped their target price on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. StockNews.com upgraded shares of Visteon from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Wolfe Research restated a “peer perform” rating on shares of Visteon in a research note on Thursday, January 4th.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently bought and sold shares of VC. Assenagon Asset Management S.A. lifted its position in Visteon by 404.5% during the first quarter. Assenagon Asset Management S.A. now owns 405,280 shares of the company’s stock valued at $47,665,000 after acquiring an additional 324,946 shares during the last quarter. Norges Bank purchased a new stake in Visteon during the fourth quarter valued at approximately $40,092,000. Cubist Systematic Strategies LLC lifted its position in Visteon by 416.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock valued at $18,619,000 after acquiring an additional 120,210 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in Visteon by 37.9% during the third quarter. TimesSquare Capital Management LLC now owns 359,450 shares of the company’s stock valued at $49,629,000 after acquiring an additional 98,850 shares during the last quarter. Finally, Comerica Bank purchased a new stake in Visteon during the third quarter valued at approximately $12,222,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $112.30 on Friday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 0.51 and a beta of 1.65. Visteon has a 12 month low of $105.19 and a 12 month high of $159.87. The firm’s 50-day moving average is $113.23 and its 200 day moving average is $117.90. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.14). The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. Research analysts predict that Visteon will post 8.64 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.