Royal Bank of Canada Has Lowered Expectations for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its price objective trimmed by Royal Bank of Canada from $127.00 to $100.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the stock. Barclays dropped their price objective on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Finally, Wells Fargo & Company raised their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.77.

Visteon Stock Down 2.3 %

VC stock opened at $88.61 on Wednesday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.40 and a beta of 1.44. The firm has a 50-day simple moving average of $85.50 and a 200-day simple moving average of $91.15. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon has a 52 week low of $75.75 and a 52 week high of $121.45.

Visteon (NASDAQ:VC) last posted its earnings results 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 company 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%. Equities analysts forecast that Visteon will post 8.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Visteon by 46.7% in the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after purchasing an additional 134 shares during the period. LPL Financial LLC increased its stake in Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock valued at $547,000 after buying an additional 156 shares during the period. Franklin Resources Inc. boosted its position in shares of Visteon by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock valued at $1,881,000 after purchasing an additional 171 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after buying an additional 175 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in shares of Visteon by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company’s stock worth $756,000 after buying an additional 182 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.