Visteon Co. (NASDAQ:VC) Receives $98.58 Consensus Price Target from Analysts

Shares of Visteon Co. (NASDAQ:VC - Get Free Report) have been assigned an average rating of "Hold" from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $98.58.

A number of analysts recently issued reports on VC shares. UBS Group restated 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. Wells Fargo & Company lifted their target price on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Robert W. Baird lifted their target price on Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. lifted their target price on Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th.

Institutional Investors Weigh In On Visteon

A number of large investors have recently modified their holdings of VC. Barclays PLC grew its stake in shares of Visteon by 60.0% during the third quarter. Barclays PLC now owns 63,716 shares of the company's stock worth $6,068,000 after acquiring an additional 23,893 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after acquiring an additional 171 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Visteon by 3.2% during the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company's stock worth $26,131,000 after acquiring an additional 8,500 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Visteon during the fourth quarter worth about $7,730,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Visteon by 5.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 77,003 shares of the company's stock worth $6,832,000 after purchasing an additional 3,739 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Visteon Stock Performance

NASDAQ:VC traded up $4.06 during mid-day trading on Wednesday, reaching $88.52. The company's stock had a trading volume of 23,739 shares, compared to its average volume of 305,910. Visteon has a 12-month low of $65.10 and a 12-month high of $117.94. The firm's fifty day moving average price is $77.95 and its two-hundred day moving average price is $84.72. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.41 billion, a P/E ratio of 9.02, a PEG ratio of 0.42 and a beta of 1.23.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.70. The business had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 EPS. On average, equities analysts forecast that Visteon will post 8.42 EPS for the current fiscal year.

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.