Brokerages Set Visteon Co. (NASDAQ:VC) Target Price at $127.15

Shares of Visteon Co. (NASDAQ:VC) have earned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $127.15.

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. The Goldman Sachs Group reduced their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Finally, Royal Bank of Canada dropped their price target on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th.

Visteon Price Performance

NASDAQ:VC opened at $84.92 on Thursday. The company has a market capitalization of $2.35 billion, a P/E ratio of 4.61, a P/E/G ratio of 0.44 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. Visteon has a 52 week low of $83.53 and a 52 week high of $123.73. The stock’s fifty day moving average is $90.69 and its two-hundred day moving average is $96.50.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share 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 analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. Visteon’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.35 earnings per share. Equities analysts expect that Visteon will post 8.2 EPS for the current year.

Institutional Trading of Visteon

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Visteon by 18.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,461 shares of the company’s stock worth $689,000 after purchasing an additional 1,000 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares during the last quarter. Victory Capital Management Inc. raised its stake in Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after acquiring an additional 137,264 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Visteon during the 2nd quarter worth approximately $89,000. Finally, Quest Partners LLC purchased a new position in shares of Visteon in the 2nd quarter valued at approximately $1,157,000. 99.71% of the stock is owned by hedge funds and other 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.