Visteon (NASDAQ:VC) PT Lowered to $100.00 at Morgan Stanley

Visteon (NASDAQ:VC) had its price objective cut by Morgan Stanley from $135.00 to $100.00 in a report issued on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also weighed in on VC. Citigroup reduced their target price on Visteon from $139.00 to $126.00 and set a buy rating for the company in a report on Friday, July 12th. UBS Group reduced their target price on Visteon from $144.00 to $135.00 and set a buy rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group reduced their target price on Visteon from $161.00 to $133.00 and set a buy rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. cut their price target on Visteon from $144.00 to $135.00 and set a neutral rating for the company in a report on Monday, July 22nd. Finally, TD Cowen cut their price target on Visteon from $142.00 to $140.00 and set a buy rating for the company in a report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Visteon has an average rating of Moderate Buy and a consensus target price of $131.62.

Visteon Stock Down 0.0 %

VC opened at $97.23 on Wednesday. The business has a 50 day moving average price of $106.14 and a 200 day moving average price of $111.19. Visteon has a twelve month low of $95.40 and a twelve month high of $144.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85. The firm has a market cap of $2.68 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $1.18 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts forecast that Visteon will post 8.06 EPS for the current year.

Insider Activity

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the sale, the senior vice president now directly owns 5,988 shares in the company, valued at $669,039.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Visteon

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its position in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares during the period. Parallel Advisors LLC grew its position in Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the period. Fidelis Capital Partners LLC bought a new stake in Visteon in the first quarter valued at $48,000. CWM LLC grew its position in Visteon by 53.6% in the fourth 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. Finally, Quadrant Capital Group LLC grew its position in Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after acquiring an additional 178 shares during the period. 99.71% of the stock is currently owned by institutional investors.

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.