Visteon (NASDAQ:VC) Price Target Cut to $126.00

Visteon (NASDAQ:VC) had its target price reduced by stock analysts at Guggenheim from $136.00 to $126.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s price target would suggest a potential upside of 17.00% from the stock’s previous close.

A number of other equities research analysts have also issued reports on VC. Wells Fargo & Company increased their price target on Visteon from $101.00 to $106.00 and gave the company an “underweight” rating in a research report on Wednesday, February 21st. Royal Bank of Canada reduced their price target on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. UBS Group raised Visteon from a “neutral” rating to a “buy” rating and increased their price target for the company from $143.00 to $145.00 in a research report on Wednesday, January 17th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Visteon in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.00.

Visteon Stock Performance

NASDAQ VC opened at $107.69 on Wednesday. The stock has a market cap of $2.96 billion, a PE ratio of 6.27, a P/E/G ratio of 0.48 and a beta of 1.65. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. Visteon has a twelve month low of $105.76 and a twelve month high of $159.87. The stock has a fifty day simple moving average of $114.74 and a 200-day simple moving average of $119.40.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $10.92. The business had revenue of $990.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 EPS. Equities analysts anticipate that Visteon will post 8.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Visteon by 1.6% in the 1st quarter. BlackRock Inc. now owns 3,080,234 shares of the company’s stock valued at $336,145,000 after purchasing an additional 47,131 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Visteon by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 2,880,882 shares of the company’s stock valued at $359,822,000 after buying an additional 49,010 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Visteon by 51.5% in the first quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock valued at $267,776,000 after buying an additional 834,079 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Visteon by 5.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,155,805 shares of the company’s stock valued at $144,360,000 after buying an additional 60,507 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Visteon by 3.8% in the first quarter. State Street Corp now owns 1,051,933 shares of the company’s stock valued at $114,797,000 after buying an additional 38,648 shares in the last quarter. 99.71% of the stock is currently 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.