KeyCorp Begins Coverage on Visteon (NASDAQ:VC)


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KeyCorp started coverage on shares of Visteon (NASDAQ:VC) in a report published on Thursday morning, Price Targets.com reports. The brokerage issued a sector weight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Barclays dropped their target price on shares of Visteon from $150.00 to $143.00 and set an overweight rating for the company in a research report on Thursday, February 25th. Wells Fargo & Company initiated coverage on shares of Visteon in a research report on Wednesday, March 31st. They issued an underweight rating and a $106.00 target price for the company. JPMorgan Chase & Co. lowered shares of Visteon from a neutral rating to an underweight rating and increased their price target for the stock from $88.00 to $113.00 in a research note on Friday, January 22nd. They noted that the move was a valuation call. Raymond James reiterated a hold rating on shares of Visteon in a research note on Monday, February 22nd. Finally, Robert W. Baird decreased their price target on shares of Visteon from $156.00 to $150.00 and set an outperform rating for the company in a research note on Friday, February 19th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Visteon currently has a consensus rating of Hold and an average price target of $108.40.

NASDAQ VC opened at $121.34 on Thursday. The company’s 50 day moving average is $124.84 and its 200-day moving average is $126.98. Visteon has a 12-month low of $46.27 and a 12-month high of $147.55. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.39 billion, a P/E ratio of -85.45 and a beta of 2.07.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Wednesday, February 17th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.12). The business had revenue of $787.00 million during the quarter, compared to the consensus estimate of $797.02 million. Visteon had a negative net margin of 1.56% and a positive return on equity of 6.97%. Equities analysts expect that Visteon will post 1.06 EPS for the current year.

A number of large investors have recently modified their holdings of VC. Emerald Mutual Fund Advisers Trust lifted its holdings in Visteon by 80.7% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 171,890 shares of the company’s stock valued at $21,576,000 after purchasing an additional 76,770 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Visteon by 1.4% during the fourth quarter. Bank of New York Mellon Corp now owns 761,999 shares of the company’s stock valued at $95,645,000 after purchasing an additional 10,302 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Visteon by 44.1% during the fourth quarter. Nuveen Asset Management LLC now owns 210,613 shares of the company’s stock valued at $26,435,000 after purchasing an additional 64,442 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Visteon by 11.9% during the fourth quarter. Guggenheim Capital LLC now owns 7,067 shares of the company’s stock valued at $887,000 after buying an additional 752 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Visteon by 3.5% during the fourth quarter. Alliancebernstein L.P. now owns 69,015 shares of the company’s stock valued at $8,663,000 after buying an additional 2,340 shares during the last quarter.

Visteon Company Profile

Visteon Corporation engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, dual view, cameras, optics, haptic feedback, light effects, and dual displays; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence based voice assistant.

Further Reading: Earnings Per Share

Analyst Recommendations for Visteon (NASDAQ:VC)

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