Visteon (NASDAQ:VC) Raised to Overweight at Barclays

Visteon (NASDAQ:VC - Get Free Report) was upgraded by analysts at Barclays from an "equal weight" rating to an "overweight" rating in a research note issued to investors on Wednesday, Marketbeat reports. The firm currently has a $145.00 price target on the stock, up from their previous price target of $140.00. Barclays's price target would indicate a potential upside of 27.73% from the stock's current price.

A number of other equities analysts also recently weighed in on the stock. UBS Group raised shares of Visteon from a "neutral" rating to a "buy" rating and increased their price target for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. StockNews.com raised shares of Visteon from a "hold" rating to a "buy" rating in a report on Thursday, January 11th. BNP Paribas lowered shares of Visteon from an "outperform" rating to a "neutral" rating and set a $130.00 target price for the company. in a research note on Wednesday, December 13th. Bank of America reduced their price target on shares of Visteon from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, February 29th. Finally, Wells Fargo & Company boosted their target price on shares of Visteon from $101.00 to $106.00 and gave the stock an "underweight" rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Visteon presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.50.

Visteon Price Performance

VC traded down $0.55 on Wednesday, hitting $113.52. 367,305 shares of the company were exchanged, compared to its average volume of 277,636. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74. The business's fifty day moving average is $115.93 and its 200 day moving average is $120.49. Visteon has a fifty-two week low of $108.65 and a fifty-two week high of $159.87. The firm has a market capitalization of $3.12 billion, a P/E ratio of 6.61, a price-to-earnings-growth ratio of 0.50 and a beta of 1.65.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, topping the consensus estimate of $2.09 by $10.92. Visteon had a net margin of 12.29% and a return on equity of 57.45%. The company had revenue of $990.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted $1.32 earnings per share. The firm's revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Visteon will post 8.72 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tectonic Advisors LLC bought a new stake in Visteon in the fourth quarter worth approximately $3,187,000. Westfield Capital Management Co. LP raised its stake in shares of Visteon by 11.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 664,137 shares of the company's stock valued at $91,697,000 after buying an additional 65,593 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Visteon by 1,842.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,444 shares of the company's stock valued at $3,789,000 after buying an additional 26,031 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Visteon by 40.4% in the 3rd quarter. AQR Capital Management LLC now owns 66,670 shares of the company's stock valued at $9,205,000 after buying an additional 19,196 shares in the last quarter. Finally, Comerica Bank acquired a new position in shares of Visteon in the 3rd quarter valued at $12,222,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.