Visteon (NASDAQ:VC) Price Target Lowered to $137.00 at Robert W. Baird

Visteon (NASDAQ:VC - Get Free Report) had its price target lowered by investment analysts at Robert W. Baird from $140.00 to $137.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's target price indicates a potential upside of 22.11% from the company's current price.

A number of other brokerages have also commented on VC. Barclays upgraded shares of Visteon from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut their price objective on shares of Visteon from $146.00 to $145.00 and set a "neutral" rating on the stock in a report on Monday. StockNews.com upgraded shares of Visteon from a "hold" rating to a "buy" rating in a report on Thursday, January 11th. Bank of America dropped their target price on shares of Visteon from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, February 29th. Finally, Royal Bank of Canada dropped their target price on shares of Visteon from $188.00 to $146.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Visteon currently has an average rating of "Moderate Buy" and a consensus price target of $142.36.

Visteon Trading Up 2.3 %

Shares of VC traded up $2.53 during mid-day trading on Friday, reaching $112.19. The company had a trading volume of 439,424 shares, compared to its average volume of 286,890. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.50 and a beta of 1.65. The firm has a fifty day simple moving average of $113.58 and a 200-day simple moving average of $118.46. Visteon has a fifty-two week low of $105.19 and a fifty-two week high of $159.87. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.14). The company had revenue of $933.00 million during the quarter, compared to analyst estimates of $971.45 million. Visteon had a net margin of 12.29% and a return on equity of 57.45%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 EPS. On average, sell-side analysts anticipate that Visteon will post 8.68 EPS for the current fiscal year.

Institutional Trading of Visteon

Institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its stake in Visteon by 404.5% during the first quarter. Assenagon Asset Management S.A. now owns 405,280 shares of the company's stock valued at $47,665,000 after purchasing an additional 324,946 shares during the last quarter. Norges Bank acquired a new stake in Visteon during the fourth quarter valued at approximately $40,092,000. Cubist Systematic Strategies LLC lifted its stake in Visteon by 416.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company's stock valued at $18,619,000 after purchasing an additional 120,210 shares during the last quarter. TimesSquare Capital Management LLC raised its holdings in shares of Visteon by 37.9% during the third quarter. TimesSquare Capital Management LLC now owns 359,450 shares of the company's stock valued at $49,629,000 after acquiring an additional 98,850 shares during the period. Finally, Comerica Bank acquired a new stake in shares of Visteon during the third quarter valued at approximately $12,222,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Company Profile

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.