Visteon (NASDAQ:VC) Price Target Lowered to $91.00 at Guggenheim

Visteon (NASDAQ:VC - Free Report) had its price objective reduced by Guggenheim from $108.00 to $91.00 in a research note published on Tuesday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on VC. TD Cowen assumed coverage on Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. UBS Group restated a "neutral" rating and set a $76.00 price target (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Morgan Stanley reduced their price objective on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Robert W. Baird cut their target price on shares of Visteon from $100.00 to $76.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Wells Fargo & Company increased their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Visteon has an average rating of "Hold" and a consensus target price of $100.67.

Visteon Stock Up 1.2 %

Visteon stock traded up $0.97 during trading on Tuesday, reaching $78.99. The stock had a trading volume of 395,401 shares, compared to its average volume of 304,386. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon has a 52-week low of $65.10 and a 52-week high of $117.94. The stock has a market cap of $2.14 billion, a PE ratio of 8.05, a P/E/G ratio of 0.42 and a beta of 1.32. The business has a 50 day moving average price of $79.25 and a 200 day moving average price of $85.42.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $906.38 million. On average, analysts predict that Visteon will post 8.42 EPS for the current year.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently bought and sold shares of VC. UMB Bank n.a. increased its holdings in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after purchasing an additional 324 shares in the last quarter. Parallel Advisors LLC raised its holdings in Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after acquiring an additional 408 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after buying an additional 347 shares during the period. Signaturefd LLC lifted its holdings in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after acquiring an additional 263 shares during the period. Finally, CX Institutional purchased a new stake in Visteon in the first quarter valued at approximately $63,000. Institutional investors and hedge funds 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.