Visteon Corporation (NASDAQ:VC) Stock Has Average Price Target of $117.82 According to Analysts

Shares of Visteon Corporation (NASDAQ:VC) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $117.82.

Several research firms have recently weighed in on VC. UBS Group reduced their price objective on Visteon from $107.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Barclays reduced their price target on Visteon from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Wells Fargo & Company reduced their price objective on shares of Visteon from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Zacks Research cut Visteon from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd.

Hedge Funds Weigh In On Visteon

Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Visteon in the second quarter valued at $31,654,000. First Trust Advisors LP grew its holdings in Visteon by 124.0% during the 1st quarter. First Trust Advisors LP now owns 519,041 shares of the company’s stock worth $47,290,000 after acquiring an additional 287,359 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Visteon by 130.1% in the first quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock valued at $36,108,000 after purchasing an additional 224,097 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 buying an additional 175,679 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Visteon by 47.2% during the 1st quarter. Renaissance Technologies LLC now owns 317,600 shares of the company’s stock worth $28,937,000 after purchasing an additional 101,900 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

VC opened at $80.39 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.61 and a quick ratio of 1.27. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The business has a 50 day moving average price of $87.83 and a two-hundred day moving average price of $99.19. Visteon has a 1-year low of $69.89 and a 1-year high of $126.95.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 22nd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($2.09). Visteon had a net margin of 4.15% and a return on equity of 11.36%. The firm had revenue of $970.00 million for the quarter, compared to the consensus estimate of $936.38 million. During the same period in the prior year, the business earned $2.15 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts predict that Visteon will post 6.58 EPS for the current fiscal year.

Visteon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.3750 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.9%. Visteon’s payout ratio is 25.86%.

About Visteon

Visteon Corporation is a global automotive technology supplier focused on electronics and software for vehicle cockpits. Its products include digital instrument clusters, infotainment systems, automotive displays, and integrated cockpit computing platforms that bring multiple vehicle functions together. The company also develops connected-car and software solutions for automakers, supporting digital interfaces and information systems in vehicles. Its customers include automakers around the world, and Visteon serves markets across multiple regions.