Guggenheim Has Lowered Expectations for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC - Free Report) had its target price lowered by Guggenheim from $108.00 to $91.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently commented on VC. Barclays reaffirmed an "equal weight" rating and set a $82.00 price objective (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Robert W. Baird dropped their price target on shares of Visteon from $100.00 to $76.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company boosted their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. TD Cowen initiated coverage on Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 price objective for the company. Finally, 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. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $99.83.

Visteon Trading Down 0.6 %

Shares of NASDAQ VC traded down $0.46 during mid-day trading on Tuesday, hitting $77.56. The company's stock had a trading volume of 12,715 shares, compared to its average volume of 305,383. The company's fifty day simple moving average is $79.42 and its 200-day simple moving average is $85.54. Visteon has a one year low of $65.10 and a one year high of $117.94. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. 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 posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.77. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. On average, sell-side analysts anticipate that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after purchasing an additional 156 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Visteon by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after purchasing an additional 171 shares in the last quarter. Xponance Inc. boosted its stake in Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock valued at $346,000 after buying an additional 175 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Visteon by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock valued at $756,000 after purchasing an additional 182 shares in the last quarter. Finally, Inspire Investing LLC increased its position in Visteon by 5.0% during the 4th quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock valued at $402,000 after purchasing an additional 216 shares during the period. 99.71% of the stock is owned by hedge funds and other 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.