Visteon (NASDAQ:VC) Price Target Cut to $126.00 by Analysts at Citigroup

Visteon (NASDAQ:VC) had its target price lowered by stock analysts at Citigroup from $139.00 to $126.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 14.03% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Visteon from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price objective on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. UBS Group reduced their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group dropped their price objective on shares of Visteon from $161.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and an average target price of $134.00.

Visteon Price Performance

Shares of NASDAQ:VC traded up $1.78 during trading on Friday, reaching $110.50. The company had a trading volume of 231,274 shares, compared to its average volume of 265,013. Visteon has a 12 month low of $101.42 and a 12 month high of $159.87. The stock has a market capitalization of $3.05 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 0.48 and a beta of 1.46. The company has a fifty day moving average of $109.27 and a two-hundred day moving average of $113.67. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.14). The firm had revenue of $933.00 million for the quarter, compared to analysts’ expectations of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. Equities research analysts forecast that Visteon will post 8.53 earnings per share for the current year.

Institutional Trading of Visteon

A number of large investors have recently made changes to their positions in VC. Parallel Advisors LLC lifted its position in shares of Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in Visteon in the 1st quarter worth approximately $48,000. CWM LLC grew its stake in Visteon by 53.6% in the 4th quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the period. Quadrant Capital Group LLC boosted its stake in Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after purchasing an additional 178 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Visteon during the 4th quarter valued at about $59,000. 99.71% of the stock is 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.