Visteon (NASDAQ:VC) Stock Gets Price Target Increase from Royal Bank Of Canada

Visteon (NASDAQ:VC) had its price target boosted by equities research analysts at Royal Bank Of Canada from $100.00 to $102.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target points to a potential upside of 26.48% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Visteon from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. lowered their price objective on Visteon from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, October 23rd. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $103.00 target price on Visteon in a research note on Thursday, October 22nd. Finally, Zacks Research cut Visteon from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Visteon Trading Up 1.9%

NASDAQ:VC traded up $1.53 during trading hours on Friday, hitting $80.64. The company had a trading volume of 55,255 shares, compared to its average volume of 571,326. 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 stock has a 50-day moving average price of $86.96 and a 200 day moving average price of $99.07. The company has a market capitalization of $1.99 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.26. Visteon has a 52 week low of $69.89 and a 52 week high of $126.95.

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

Hedge Funds Weigh In On Visteon

Several institutional investors have recently made changes to their positions in VC. Dimensional Fund Advisors LP raised its position in shares of Visteon by 14.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock worth $127,879,000 after purchasing an additional 175,679 shares during the last quarter. First Trust Advisors LP grew its holdings in Visteon by 34.9% in the 3rd quarter. First Trust Advisors LP now owns 1,007,641 shares of the company’s stock valued at $87,342,000 after buying an additional 260,439 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Visteon by 130.1% during the 1st quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock worth $36,108,000 after acquiring an additional 224,097 shares during the period. Systematic Financial Management LP boosted its position in shares of Visteon by 13.4% during the 1st quarter. Systematic Financial Management LP now owns 322,677 shares of the company’s stock valued at $29,399,000 after acquiring an additional 38,119 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Visteon in the second quarter valued at about $31,654,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Company Profile

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.