Visteon Co. (NASDAQ:VC) Receives $117.25 Consensus Price Target from Brokerages

Shares of Visteon Co. (NASDAQ:VC) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $117.25.

A number of equities research analysts recently weighed in on VC shares. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Barclays decreased their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Morgan Stanley decreased their price objective on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. TD Cowen initiated coverage on shares of Visteon in a research report on Friday, March 7th. They set a “buy” rating and a $108.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th.

Visteon Price Performance

Visteon stock opened at $82.04 on Tuesday. The firm has a 50-day moving average price of $84.42 and a 200-day moving average price of $89.27. The firm has a market capitalization of $2.22 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon has a 12-month low of $75.75 and a 12-month high of $119.16.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. As a group, equities research analysts forecast that Visteon will post 8.42 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VC. American Century Companies Inc. grew its position in shares of Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after buying an additional 536,073 shares during the last quarter. Norges Bank acquired a new stake in Visteon in the 4th quarter worth approximately $29,468,000. Price T Rowe Associates Inc. MD boosted its stake in Visteon by 78.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company’s stock worth $29,850,000 after purchasing an additional 147,685 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Visteon by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock worth $74,886,000 after purchasing an additional 124,897 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Visteon in the 4th quarter worth approximately $10,170,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.