Visteon (NASDAQ:VC) PT Lowered to $137.00 at Robert W. Baird

Visteon (NASDAQ:VC) had its target price cut by Robert W. Baird from $140.00 to $137.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. Wolfe Research reaffirmed a peer perform rating on shares of Visteon in a research note on Thursday, January 4th. Royal Bank of Canada decreased their price target on shares of Visteon from $188.00 to $146.00 and set an outperform rating for the company in a research report on Thursday, March 7th. Guggenheim decreased their price target on shares of Visteon from $136.00 to $126.00 and set a buy rating for the company in a research report on Wednesday, April 17th. Bank of America decreased their price target on shares of Visteon from $165.00 to $160.00 and set a buy rating for the company in a research report on Thursday, February 29th. Finally, Barclays raised shares of Visteon from an equal weight rating to an overweight rating and increased their price target for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $142.36.

Visteon Stock Up 0.6 %

NASDAQ:VC opened at $112.81 on Friday. Visteon has a 1-year low of $105.19 and a 1-year high of $159.87. The company has a 50-day moving average of $113.46 and a 200 day moving average of $118.08. The firm has a market cap of $3.11 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.51 and a beta of 1.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The business had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $971.45 million. During the same period last year, the company earned $1.25 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. As a group, research analysts anticipate that Visteon will post 8.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in Visteon by 3.0% in the 3rd quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock worth $413,000 after buying an additional 86 shares during the period. PNC Financial Services Group Inc. boosted its position in Visteon by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $706,000 after purchasing an additional 94 shares in the last quarter. State of Michigan Retirement System boosted its position in Visteon by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock worth $801,000 after purchasing an additional 100 shares in the last quarter. Covestor Ltd boosted its position in Visteon by 105.7% in the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after purchasing an additional 111 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Visteon by 1.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,574 shares of the company’s stock worth $1,190,000 after purchasing an additional 140 shares in 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.