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

Visteon Co. (NASDAQ:VC) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $127.15.

A number of equities research analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Wells Fargo & Company reduced their price objective on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Finally, Royal Bank of Canada dropped their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, October 25th.

Visteon Stock Performance

VC opened at $84.92 on Thursday. The company has a market cap of $2.35 billion, a P/E ratio of 4.61, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $90.69 and its 200-day moving average price is $96.50. Visteon has a 52-week low of $83.53 and a 52-week high of $123.73.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same quarter in the prior year, the business posted $2.35 EPS. Visteon’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Visteon will post 8.2 EPS for the current fiscal year.

Institutional Trading of Visteon

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock worth $55,860,000 after purchasing an additional 489,959 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Visteon by 10.0% during the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after buying an additional 137,264 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in Visteon in the 3rd quarter valued at $10,779,000. Millennium Management LLC raised its holdings in shares of Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after acquiring an additional 111,377 shares during the period. Finally, Lodge Hill Capital LLC purchased a new position in shares of Visteon during the 2nd quarter worth $11,204,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.