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

Shares of Visteon Co. (NASDAQ:VC) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $142.36.

A number of brokerages have recently commented on VC. Wolfe Research reissued a “peer perform” rating on shares of Visteon in a research note on Thursday, January 4th. JPMorgan Chase & Co. cut their price target on Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Robert W. Baird cut their price target on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research note on Friday. Bank of America cut their price objective on Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Finally, Royal Bank of Canada cut their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently made changes to their positions in VC. Covestor Ltd boosted its holdings in Visteon by 105.7% in the third quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 111 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. CWM LLC raised its stake in shares of Visteon by 53.6% in the fourth quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after purchasing an additional 178 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Visteon in the fourth quarter worth $59,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Trading Up 2.3 %

Shares of Visteon stock opened at $112.19 on Friday. The business has a fifty day simple moving average of $113.58 and a two-hundred day simple moving average of $118.46. Visteon has a 1 year low of $105.19 and a 1 year high of $159.87. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 6.53, a P/E/G ratio of 0.50 and a beta of 1.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a return on equity of 57.45% and a net margin of 12.29%. The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. During the same quarter in the previous year, the business earned $1.25 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Research analysts forecast that Visteon will post 8.68 EPS for the current year.

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.