Guggenheim Lowers Visteon (NASDAQ:VC) Price Target to $126.00

Visteon (NASDAQ:VC) had its price target lowered by Guggenheim from $136.00 to $126.00 in a research report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Barclays upgraded shares of Visteon from an equal weight rating to an overweight rating and raised their price target for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $160.00 to $148.00 and set a neutral rating on the stock in a research note on Thursday, January 25th. Royal Bank of Canada dropped their price objective on shares of Visteon from $188.00 to $146.00 and set an outperform rating on the stock in a research note on Thursday, March 7th. Bank of America dropped their price objective on shares of Visteon from $165.00 to $160.00 and set a buy rating on the stock in a research note on Thursday, February 29th. Finally, StockNews.com raised shares of Visteon from a hold rating to a buy rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $143.00.

Visteon Trading Up 0.4 %

NASDAQ:VC opened at $108.16 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.48 and a beta of 1.65. The firm has a fifty day simple moving average of $114.50 and a two-hundred day simple moving average of $119.20. Visteon has a 12 month low of $105.76 and a 12 month high of $159.87.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 EPS 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 net margin of 12.29% and a return on equity of 57.45%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the company posted $1.32 earnings per share. Analysts expect that Visteon will post 8.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY lifted its position in shares of Visteon by 5.2% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,712 shares of the company’s stock valued at $224,000 after purchasing an additional 85 shares in the last quarter. Fifth Third Bancorp increased its holdings in Visteon by 3.0% during the third quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock worth $413,000 after buying an additional 86 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Visteon by 7.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,222 shares of the company’s stock worth $175,000 after buying an additional 87 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Visteon by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $706,000 after buying an additional 94 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in Visteon by 1.5% during the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock worth $801,000 after buying an additional 100 shares during the last quarter. 99.71% of the stock is 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.