Royal Bank of Canada Cuts Visteon (NASDAQ:VC) Price Target to $124.00

Visteon (NASDAQ:VC - Get Free Report) had its price objective reduced by research analysts at Royal Bank of Canada from $129.00 to $124.00 in a research note issued on Friday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's price target indicates a potential upside of 33.51% from the company's current price.

Other analysts have also issued research reports about the stock. TD Cowen dropped their price target on shares of Visteon from $142.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, July 26th. Citigroup dropped their price target on shares of Visteon from $139.00 to $126.00 and set a "buy" rating for the company in a research note on Friday, July 12th. Barclays dropped their price target on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, October 15th. UBS Group dropped their price target on shares of Visteon from $144.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Finally, Wolfe Research started coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a "peer perform" rating for the company. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $127.57.

Visteon Stock Up 0.4 %

Shares of VC traded up $0.41 during midday trading on Friday, reaching $92.88. 389,101 shares of the company were exchanged, compared to its average volume of 274,866. Visteon has a 1-year low of $86.77 and a 1-year high of $136.40. The stock has a 50-day moving average price of $94.58 and a 200-day moving average price of $103.89. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 4.80, a P/E/G ratio of 0.43 and a beta of 1.45.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The business had revenue of $980.00 million for the quarter, compared to analysts' expectations of $965.60 million. During the same period in the previous year, the company posted $2.35 earnings per share. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. Research analysts expect that Visteon will post 8.01 earnings per share for the current year.

Insider Buying and Selling

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now directly owns 5,988 shares of the company's stock, valued at approximately $669,039.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently bought and sold shares of VC. American Century Companies Inc. raised its holdings in Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company's stock worth $55,860,000 after buying an additional 489,959 shares during the period. Victory Capital Management Inc. raised its holdings in Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock worth $161,760,000 after buying an additional 137,264 shares during the period. Millennium Management LLC raised its holdings in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company's stock worth $60,663,000 after buying an additional 111,377 shares during the period. Lodge Hill Capital LLC acquired a new position in shares of Visteon in the 2nd quarter valued at about $11,204,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock valued at $71,552,000 after purchasing an additional 83,840 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

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.