UBS Group Reaffirms Neutral Rating for Visteon (NASDAQ:VC)

UBS Group reiterated their neutral rating on shares of Visteon (NASDAQ:VC) in a research report sent to investors on Thursday, MarketBeat Ratings reports. UBS Group currently has a $76.00 price objective on the stock, down from their previous price objective of $114.00.

VC has been the topic of several other research reports. Royal Bank of Canada dropped their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $74.00 price objective (down from $103.00) on shares of Visteon in a research report on Thursday. TD Cowen started coverage on shares of Visteon in a report on Friday, March 7th. They set a “buy” rating and a $108.00 target price for the company. Barclays decreased their price target on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Visteon currently has a consensus rating of “Hold” and a consensus target price of $108.75.

Visteon Stock Performance

Shares of NASDAQ VC opened at $68.11 on Thursday. The stock has a market capitalization of $1.84 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. Visteon has a 52 week low of $65.10 and a 52 week high of $117.94. The stock has a 50 day moving average price of $81.08 and a 200 day moving average price of $86.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping 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 business had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Visteon

A number of large investors have recently added to or reduced their stakes in VC. Nordea Investment Management AB acquired a new stake in Visteon during the fourth quarter worth about $7,730,000. Charles Schwab Investment Management Inc. boosted its position in shares of Visteon by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock worth $32,526,000 after acquiring an additional 25,319 shares in the last quarter. Sei Investments Co. increased its stake in Visteon by 93.2% in the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company’s stock valued at $13,095,000 after acquiring an additional 71,202 shares during the last quarter. Value Holdings Management CO. LLC raised its position in Visteon by 90.9% during the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company’s stock valued at $2,795,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in Visteon by 39.2% during the fourth quarter. Royce & Associates LP now owns 281,508 shares of the company’s stock worth $24,975,000 after purchasing an additional 79,294 shares during the last quarter. Institutional investors and hedge funds 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.