Barclays Lowers Visteon (NASDAQ:VC) Price Target to $110.00

Visteon (NASDAQ:VC - Free Report) had its price target cut by Barclays from $115.00 to $110.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also commented on the company. StockNews.com cut Visteon from a "buy" rating to a "hold" rating in a research report on Sunday, November 3rd. Royal Bank of Canada cut their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company increased 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. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Visteon has a consensus rating of "Moderate Buy" and an average target price of $119.92.

Visteon Trading Down 3.0 %

NASDAQ:VC traded down $2.59 during trading hours on Monday, hitting $84.13. The stock had a trading volume of 300,954 shares, compared to its average volume of 323,869. The business's 50 day moving average is $85.46 and its 200-day moving average is $90.58. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 0.42 and a beta of 1.44. Visteon has a one year low of $75.75 and a one year high of $121.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

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

Institutional Trading of Visteon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VC. Quadrant Capital Group LLC boosted its holdings in Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares during the last quarter. Signaturefd LLC lifted its position in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after buying an additional 263 shares in the last quarter. KBC Group NV boosted its stake in shares of Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company's stock worth $86,000 after buying an additional 247 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after acquiring an additional 1,061 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after acquiring an additional 754 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

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.