Visteon (NASDAQ:VC) Price Target Cut to $124.00 by Analysts at Royal Bank of Canada

Visteon (NASDAQ:VC) had its price target dropped by Royal Bank of Canada from $129.00 to $124.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 33.76% from the company’s previous close.

Several other equities analysts have also weighed in on VC. Morgan Stanley cut their price objective on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. TD Cowen lowered their price target on Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, July 26th. The Goldman Sachs Group lowered their price target on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Baird R W downgraded Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Barclays lowered their price target on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.57.

Visteon Trading Up 0.2 %

VC stock traded up $0.23 during mid-day trading on Friday, reaching $92.70. 206,732 shares of the stock traded hands, compared to its average volume of 273,985. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. Visteon has a 52-week low of $86.77 and a 52-week high of $136.40. The company has a market cap of $2.56 billion, a P/E ratio of 4.78, a P/E/G ratio of 0.43 and a beta of 1.45. The stock’s fifty day moving average is $94.58 and its 200-day moving average is $103.89.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. During the same period in the prior year, the firm earned $2.35 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts expect that Visteon will post 8.01 earnings per share for the current year.

Insider Buying and Selling

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the sale, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Visteon

Several institutional investors and hedge funds have recently made changes to their positions in VC. Signaturefd LLC raised its holdings in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Visteon during the 1st quarter worth about $48,000. Mather Group LLC. bought a new stake in shares of Visteon in the 2nd quarter valued at about $59,000. Acadian Asset Management LLC bought a new stake in shares of Visteon in the 2nd quarter valued at about $89,000. Finally, Motco bought a new stake in shares of Visteon in the 1st quarter valued at about $106,000. Institutional investors and hedge funds 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.