Visteon (NASDAQ:VC) Earns Buy Rating from Analysts at TD Cowen

TD Cowen began coverage on shares of Visteon (NASDAQ:VC) in a report released on Friday. The firm issued a buy rating and a $108.00 price target on the stock.

Several other equities research analysts have also recently commented on the company. Barclays decreased their target price on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company raised their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Visteon Price Performance

Shares of VC opened at $87.68 on Friday. Visteon has a 1 year low of $75.75 and a 1 year high of $121.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The business has a 50-day moving average of $85.33 and a 200-day moving average of $90.44.

Visteon (NASDAQ:VC) last released its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. As a group, equities research analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its holdings in shares of Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after purchasing an additional 263 shares in the last quarter. KBC Group NV lifted its holdings in shares of Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after purchasing an additional 247 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after purchasing an additional 754 shares in 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.