Visteon (NASDAQ:VC) Given New $127.00 Price Target at Royal Bank Of Canada

Visteon (NASDAQ:VC) had its price target trimmed by Royal Bank Of Canada from $129.00 to $127.00 in a report released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also issued reports on VC. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Morgan Stanley boosted their price objective on shares of Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. The Goldman Sachs Group dropped their target price on Visteon from $126.00 to $104.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Finally, Barclays dropped their target price on Visteon from $145.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $126.82.

Visteon Stock Down 0.8%

Shares of Visteon stock opened at $84.75 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.56 and a beta of 1.30. The firm’s 50-day moving average is $98.22 and its two-hundred day moving average is $103.73. Visteon has a 1 year low of $83.49 and a 1 year high of $126.95.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same quarter in the prior year, the firm posted $2.39 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts expect that Visteon will post 8.34 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 1st. Visteon’s dividend payout ratio is presently 19.61%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VC. Farther Finance Advisors LLC grew its position in shares of Visteon by 7.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,354 shares of the company’s stock worth $204,000 after buying an additional 155 shares during the last quarter. Versant Capital Management Inc lifted its position in Visteon by 24.6% during the third quarter. Versant Capital Management Inc now owns 724 shares of the company’s stock valued at $63,000 after acquiring an additional 143 shares during the last quarter. QRG Capital Management Inc. lifted its position in Visteon by 32.7% during the second quarter. QRG Capital Management Inc. now owns 10,743 shares of the company’s stock valued at $1,066,000 after acquiring an additional 2,648 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Visteon during the second quarter valued at approximately $201,000. Finally, WINTON GROUP Ltd boosted its stake in Visteon by 63.4% in the second quarter. WINTON GROUP Ltd now owns 23,460 shares of the company’s stock valued at $2,327,000 after acquiring an additional 9,106 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation (NASDAQ: VC) is a global automotive technology company that develops electronic systems and software for vehicle manufacturers. Its products are designed to support the digital cockpit, vehicle connectivity, electrification and advanced driver-assistance functions.

The company’s offerings include cockpit domain controllers, infotainment systems, instrument clusters, vehicle displays, telematics and connectivity solutions, climate-control electronics, and battery-management and power-conversion systems for electrified vehicles.