Visteon Co. (NASDAQ:VC) Sees Significant Increase in Short Interest

Visteon Co. (NASDAQ:VC) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 734,200 shares, an increase of 17.4% from the February 13th total of 625,200 shares. Based on an average daily volume of 328,400 shares, the short-interest ratio is currently 2.2 days. Currently, 2.8% of the shares of the stock are sold short.

Visteon Stock Up 1.4 %

Visteon stock opened at $82.04 on Friday. The firm has a market cap of $2.22 billion, a PE ratio of 8.36, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The firm’s 50 day moving average price is $84.42 and its two-hundred day moving average price is $89.27. Visteon has a twelve month low of $75.75 and a twelve month high of $119.16.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its position in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after acquiring an additional 347 shares in the last quarter. Signaturefd LLC grew its position in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after acquiring an additional 263 shares in the last quarter. KBC Group NV grew its position in Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after acquiring an additional 1,061 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after acquiring an additional 754 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Barclays cut their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. TD Cowen assumed coverage on shares of Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 target price for the company. Wells Fargo & Company increased their target price on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada cut their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.25.

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.