Visteon (NASDAQ:VC) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Visteon (NASDAQ:VC) from a buy rating to a hold rating in a report issued on Monday morning.

A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. JPMorgan Chase & Co. dropped their price objective on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. UBS Group dropped their price objective on Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Morgan Stanley decreased their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Finally, Wolfe Research began coverage on Visteon in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Visteon has an average rating of “Moderate Buy” and a consensus target price of $127.57.

Visteon Price Performance

NASDAQ:VC opened at $90.25 on Monday. Visteon has a one year low of $86.77 and a one year high of $131.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The stock has a market cap of $2.49 billion, a PE ratio of 4.90, a P/E/G ratio of 0.46 and a beta of 1.45. The stock has a 50 day moving average price of $94.20 and a 200 day moving average price of $103.24.

Visteon (NASDAQ:VC) last posted its 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. The company had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 earnings per share. Equities research analysts expect that Visteon will post 7.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the period. Fidelis Capital Partners LLC acquired a new position in Visteon during the 1st quarter worth approximately $48,000. Mather Group LLC. acquired a new position in Visteon during the 2nd quarter worth approximately $59,000. Acadian Asset Management LLC acquired a new position in Visteon during the 2nd quarter worth approximately $89,000. Finally, Motco acquired a new position in Visteon during the 1st quarter worth approximately $106,000. 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.