Barclays Has Lowered Expectations for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its price target lowered by Barclays from $140.00 to $115.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also commented on VC. Royal Bank of Canada dropped their price target on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group dropped their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Finally, StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.23.

Visteon Stock Up 0.8 %

VC stock opened at $85.64 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.37 billion, a PE ratio of 4.65, a PEG ratio of 0.37 and a beta of 1.45. Visteon has a 1 year low of $81.74 and a 1 year high of $123.73. The company has a fifty day simple moving average of $88.88 and a 200 day simple moving average of $94.72.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. During the same quarter in the prior year, the company posted $2.35 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. Sell-side analysts anticipate that Visteon will post 8.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of Visteon by 46.7% in the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock worth $40,000 after acquiring an additional 134 shares in the last quarter. KBC Group NV lifted its holdings in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after purchasing an additional 247 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after purchasing an additional 754 shares in the last quarter. Covestor Ltd increased its stake in Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after purchasing an additional 202 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in Visteon in the third quarter valued at approximately $164,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.