Visteon's (VC) "Equal Weight" Rating Reiterated at Barclays

Visteon (NASDAQ:VC - Get Free Report)'s stock had its "equal weight" rating reaffirmed by Barclays in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a $82.00 target price on the stock, down from their previous target price of $110.00. Barclays's price objective suggests a potential upside of 14.19% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the stock. UBS Group restated a "neutral" rating and issued a $76.00 price objective (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. TD Cowen started coverage on shares of Visteon in a research report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target for the company. Royal Bank of Canada decreased their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Robert W. Baird dropped their target price on Visteon from $100.00 to $76.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company upped their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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 traded hands, compared to its average volume of 305,910. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock's fifty day moving average is $80.03 and its 200 day moving average is $85.97. Visteon has a 1-year low of $65.10 and a 1-year high of $117.94. The stock has a market cap of $1.94 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32.

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

Hedge Funds Weigh In On Visteon

A number of institutional investors have recently modified their holdings of VC. Vanguard Group Inc. lifted its stake in shares of Visteon by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock valued at $258,106,000 after acquiring an additional 16,442 shares during the period. American Century Companies Inc. boosted its stake in shares of Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Invesco Ltd. grew its position in shares of Visteon by 5.6% during the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock worth $105,090,000 after buying an additional 62,610 shares during the period. State Street Corp raised its stake in shares of Visteon by 0.4% during the third quarter. State Street Corp now owns 1,024,865 shares of the company's stock worth $97,608,000 after buying an additional 3,918 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Visteon by 5.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock valued at $80,621,000 after buying an additional 45,058 shares during the period. 99.71% of the stock is owned by 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.