Visteon Co. (NASDAQ:VC) Receives $123.77 Consensus Price Target from Analysts

Visteon Co. (NASDAQ:VC) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $123.77.

VC has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Barclays decreased their price target on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada lowered their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th.

Visteon Stock Up 1.3 %

Visteon stock opened at $89.24 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $85.44 and a two-hundred day moving average of $90.89. Visteon has a twelve month low of $75.75 and a twelve month high of $121.45. The firm has a market cap of $2.42 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.42 and a beta of 1.44.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. On average, analysts forecast that Visteon will post 8.42 earnings per share 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 VC. Vanguard Group Inc. lifted its position in Visteon by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company’s stock worth $258,106,000 after buying an additional 16,442 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock valued at $128,468,000 after acquiring an additional 536,073 shares during the period. Invesco Ltd. boosted its position in shares of Visteon by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company’s stock worth $105,090,000 after buying an additional 62,610 shares in the last quarter. State Street Corp lifted its holdings in shares of Visteon by 0.4% during the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after acquiring an additional 3,918 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Visteon by 5.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company’s stock valued at $80,621,000 after buying an additional 45,058 shares during the last quarter. Institutional investors 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.