Visteon (NASDAQ:VC - Get Free Report) had its target price reduced by Guggenheim from $136.00 to $126.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Guggenheim's price objective points to a potential upside of 17.94% from the stock's previous close.
VC has been the subject of a number of other research reports. Barclays upgraded Visteon from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. JPMorgan Chase & Co. cut their target price on Visteon from $160.00 to $148.00 and set a "neutral" rating on the stock in a research note on Thursday, January 25th. Wells Fargo & Company lifted their target price on Visteon from $101.00 to $106.00 and gave the company an "underweight" rating in a research note on Wednesday, February 21st. Royal Bank of Canada cut their target price on Visteon from $188.00 to $146.00 and set an "outperform" rating on the stock in a research note on Thursday, March 7th. Finally, Bank of America cut their target price on Visteon from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $143.00.
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Visteon Stock Performance
Shares of VC traded down $0.67 during mid-day trading on Wednesday, hitting $106.83. The stock had a trading volume of 220,486 shares, compared to its average volume of 275,412. The company has a market cap of $2.94 billion, a PE ratio of 6.22, a PEG ratio of 0.49 and a beta of 1.65. The company's fifty day simple moving average is $114.98 and its two-hundred day simple moving average is $119.48. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon has a fifty-two week low of $106.63 and a fifty-two week high of $159.87.
Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $13.01 EPS for the quarter, topping the consensus estimate of $2.09 by $10.92. The company had revenue of $990.00 million during the quarter, compared to analyst estimates of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business's revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS. On average, equities analysts expect that Visteon will post 8.72 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. grew its stake in Visteon by 20.6% in the first quarter. American Century Companies Inc. now owns 5,135 shares of the company's stock valued at $561,000 after purchasing an additional 877 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Visteon by 4.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company's stock valued at $328,000 after purchasing an additional 117 shares in the last quarter. AlphaCrest Capital Management LLC grew its stake in Visteon by 28.4% in the first quarter. AlphaCrest Capital Management LLC now owns 4,003 shares of the company's stock valued at $437,000 after purchasing an additional 885 shares in the last quarter. Bank of Montreal Can grew its stake in Visteon by 11.3% in the first quarter. Bank of Montreal Can now owns 2,774 shares of the company's stock valued at $311,000 after purchasing an additional 282 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Visteon in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
About Visteon
(
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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.
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