Morgan Stanley Lowers Visteon (NASDAQ:VC) Price Target to $90.00

Visteon (NASDAQ:VC) had its price objective reduced by investment analysts at Morgan Stanley from $95.00 to $90.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 5.53% from the company’s previous close.

VC has been the topic of several other reports. Barclays reaffirmed an “equal weight” rating and issued a $82.00 price objective (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on shares of Visteon from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $74.00 price target (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on Visteon from $96.00 to $101.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Robert W. Baird increased their target price on Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.25.

Visteon Trading Down 1.8%

VC traded down $1.56 on Monday, hitting $85.29. 173,716 shares of the company were exchanged, compared to its average volume of 359,650. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. Visteon has a 12 month low of $65.10 and a 12 month high of $117.94. The stock has a market capitalization of $2.32 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. The firm has a fifty day simple moving average of $78.05 and a two-hundred day simple moving average of $84.50.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.70. The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 EPS. Sell-side analysts expect that Visteon will post 8.42 earnings per share for the current year.

Institutional Investors Weigh In On Visteon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. UMB Bank n.a. grew its stake in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $34,000 after purchasing an additional 324 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after buying an additional 408 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC raised its stake in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after acquiring an additional 263 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Visteon in the 1st quarter valued at $63,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.