Guggenheim Cuts Visteon (NASDAQ:VC) Price Target to $126.00

Visteon (NASDAQ:VCGet Free Report) had its price target decreased by Guggenheim from $136.00 to $126.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s price target would indicate a potential upside of 17.00% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Visteon from $160.00 to $148.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Bank of America cut their price target on shares of Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. UBS Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and raised their price target for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. Finally, Wolfe Research restated a “peer perform” rating on shares of Visteon in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

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Visteon Stock Up 0.8 %

VC stock opened at $107.69 on Wednesday. Visteon has a twelve month low of $105.76 and a twelve month high of $159.87. The company has a market cap of $2.96 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 0.48 and a beta of 1.65. The business’s 50-day simple moving average is $114.74 and its 200 day simple moving average is $119.40. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VCGet Free Report) last released its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business had revenue of $990.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business earned $1.32 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, research analysts anticipate that Visteon will post 8.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Visteon by 51.5% during the 1st quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock worth $267,776,000 after buying an additional 834,079 shares in the last quarter. Norges Bank acquired a new position in Visteon during the 4th quarter worth $40,092,000. Morgan Stanley lifted its holdings in Visteon by 40.1% during the 4th quarter. Morgan Stanley now owns 734,690 shares of the company’s stock worth $96,120,000 after buying an additional 210,114 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Visteon by 729.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,841 shares of the company’s stock worth $36,988,000 after buying an additional 207,400 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in Visteon by 416.5% during the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock worth $18,619,000 after buying an additional 120,210 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About Visteon

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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.

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Analyst Recommendations for Visteon (NASDAQ:VC)

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