Visteon (NASDAQ:VC) Price Target Lowered to $95.00 at Morgan Stanley

Visteon (NASDAQ:VC - Get Free Report) had its price target lowered by equities researchers at Morgan Stanley from $100.00 to $95.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 12.92% from the company's previous close.

VC has been the subject of a number of other research reports. StockNews.com downgraded shares of Visteon from a "buy" rating to a "hold" rating in a research report on Sunday, November 3rd. Wells Fargo & Company increased their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Royal Bank of Canada dropped their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and an average target price of $119.92.

Visteon Trading Down 3.0 %

Shares of NASDAQ VC traded down $2.59 on Monday, reaching $84.13. 300,954 shares of the company traded hands, compared to its average volume of 323,869. Visteon has a fifty-two week low of $75.75 and a fifty-two week high of $121.45. The company has a 50 day moving average of $85.46 and a 200 day moving average of $90.58. 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 capitalization of $2.28 billion, a PE ratio of 8.58, a P/E/G ratio of 0.42 and a beta of 1.44.

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

Hedge Funds Weigh In On Visteon

Several institutional investors and hedge funds have recently made changes to their positions in VC. State of Alaska Department of Revenue boosted its stake in shares of Visteon by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company's stock valued at $306,000 after buying an additional 215 shares during the last quarter. Principal Financial Group Inc. lifted its stake in 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 purchasing an additional 8,500 shares during the last quarter. Olympiad Research LP bought a new position in Visteon during the third quarter worth $429,000. Summit Global Investments bought a new position in Visteon during the third quarter worth $518,000. Finally, Covestor Ltd lifted its stake in Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock worth $149,000 after purchasing an additional 202 shares during the last quarter. 99.71% of the stock is currently 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.