Visteon (NASDAQ:VC) Price Target Lowered to $76.00 at Robert W. Baird

Visteon (NASDAQ:VC - Free Report) had its price target cut by Robert W. Baird from $100.00 to $76.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently commented on VC. UBS Group reiterated a "neutral" rating and issued a $76.00 price target (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Royal Bank of Canada reduced their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Morgan Stanley cut their price objective on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $74.00 target price (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Finally, Barclays decreased their price target on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $100.64.

Visteon Stock Performance

Shares of VC traded up $1.10 during trading hours on Tuesday, reaching $71.81. 248,048 shares of the company's stock traded hands, compared to its average volume of 305,910. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.42 and a beta of 1.32. The business's fifty day simple moving average is $80.03 and its two-hundred day simple moving average is $85.97. Visteon has a twelve month low of $65.10 and a twelve month high of $117.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Analysts predict that Visteon will post 8.42 earnings per share for the current year.

Institutional Investors Weigh In On Visteon

A number of institutional investors have recently modified their holdings of VC. Nordea Investment Management AB acquired a new position in Visteon in the fourth quarter worth approximately $7,730,000. Charles Schwab Investment Management Inc. increased its stake in shares of Visteon by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after purchasing an additional 25,319 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Visteon by 93.2% in the 4th quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after purchasing an additional 71,202 shares during the last quarter. JPMorgan Chase & Co. increased its position in Visteon by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock worth $58,231,000 after buying an additional 17,526 shares during the last quarter. Finally, Value Holdings Management CO. LLC raised its holdings in Visteon by 90.9% during the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company's stock valued at $2,795,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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.