The Goldman Sachs Group Issues Pessimistic Forecast for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its target price dropped by The Goldman Sachs Group from $126.00 to $104.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 19.42% from the stock’s current price.

Several other analysts also recently weighed in on VC. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $115.00 to $145.00 in a research note on Monday, June 22nd. Wall Street Zen cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Wolfe Research downgraded shares of Visteon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. decreased their target price on shares of Visteon from $170.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.82.

Visteon Price Performance

NASDAQ VC opened at $87.09 on Tuesday. Visteon has a 52 week low of $83.49 and a 52 week high of $126.95. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.58 and a beta of 1.30. The company has a 50-day moving average price of $99.39 and a two-hundred day moving average price of $103.75.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $2.39 EPS. Analysts forecast that Visteon will post 8.34 EPS for the current year.

Hedge Funds Weigh In On Visteon

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in Visteon during the second quarter valued at about $2,358,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Visteon during the second quarter valued at approximately $3,057,000. Pacer Advisors Inc. lifted its position in shares of Visteon by 10.1% in the 4th quarter. Pacer Advisors Inc. now owns 141,188 shares of the company’s stock valued at $13,427,000 after acquiring an additional 12,998 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Visteon by 14.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock valued at $127,879,000 after acquiring an additional 175,679 shares in the last quarter. Finally, Villanova Investment Management Co LLC boosted its stake in Visteon by 119.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 23,913 shares of the company’s stock worth $2,274,000 after purchasing an additional 13,014 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation (NASDAQ: VC) is a global automotive technology company that develops electronic systems and software for vehicle manufacturers. Its products are designed to support the digital cockpit, vehicle connectivity, electrification and advanced driver-assistance functions.

The company’s offerings include cockpit domain controllers, infotainment systems, instrument clusters, vehicle displays, telematics and connectivity solutions, climate-control electronics, and battery-management and power-conversion systems for electrified vehicles.