Visteon Co. (NASDAQ:VC) Receives $98.58 Consensus Price Target from Brokerages

Visteon Co. (NASDAQ:VC) has received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $98.58.

A number of research firms have issued reports on VC. JPMorgan Chase & Co. lifted their target price on Visteon from $90.00 to $97.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Robert W. Baird lifted their price target on shares of Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Wells Fargo & Company increased their price objective 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. UBS Group restated a “neutral” rating and issued a $76.00 target price (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, Barclays reiterated an “equal weight” rating and set a $82.00 price target (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th.

Visteon Stock Performance

Shares of Visteon stock opened at $84.61 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.31 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. The company has a 50 day moving average of $77.95 and a 200-day moving average of $84.79. Visteon has a 1-year low of $65.10 and a 1-year high of $117.94.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $906.38 million. During the same period in the prior year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Visteon

A number of institutional investors have recently modified their holdings of the company. UMB Bank n.a. boosted its position in Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 324 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after purchasing an additional 408 shares in the last quarter. Quadrant Capital Group LLC increased its holdings 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 purchasing an additional 347 shares in the last quarter. Signaturefd LLC lifted its stake in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after buying an additional 263 shares during the period. Finally, CX Institutional bought a new position in shares of Visteon during the 1st quarter worth approximately $63,000. 99.71% of the stock is owned by institutional investors.

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.