Analysts Set Visteon Co. (NASDAQ:VC) PT at $141.75

Visteon Co. (NASDAQ:VC) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $141.75.

VC has been the subject of several recent research reports. Morgan Stanley decreased their target price on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Bank of America decreased 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. Robert W. Baird lowered their price target on shares of Visteon from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Guggenheim lowered their target price on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Royal Bank of Canada dropped their price objective on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th.

Institutional Investors Weigh In On Visteon

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its stake in Visteon by 6.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,381 shares of the company’s stock valued at $605,000 after buying an additional 277 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Visteon by 2.4% in the third quarter. Teacher Retirement System of Texas now owns 10,494 shares of the company’s stock worth $1,449,000 after purchasing an additional 246 shares during the period. Victory Capital Management Inc. boosted its stake in Visteon by 7.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,095,298 shares of the company’s stock valued at $151,228,000 after purchasing an additional 78,497 shares during the period. Assenagon Asset Management S.A. grew its holdings in Visteon by 10.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 179,723 shares of the company’s stock valued at $24,814,000 after buying an additional 16,449 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Visteon by 1.9% in the 3rd quarter. Arizona State Retirement System now owns 8,072 shares of the company’s stock worth $1,115,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

Shares of Visteon stock opened at $109.85 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.66. The business has a 50-day moving average of $112.97 and a 200 day moving average of $117.01. Visteon has a 12 month low of $105.19 and a 12 month high of $159.87.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.61 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 net margin of 12.60% and a return on equity of 53.49%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. As a group, sell-side analysts forecast that Visteon will post 8.49 earnings per share for the current year.

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.