Royal Bank of Canada Has Lowered Expectations for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC - Get Free Report) had its price objective cut by analysts at Royal Bank of Canada from $127.00 to $100.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective points to a potential upside of 12.85% from the stock's previous close.

VC has been the topic of a number of other research reports. StockNews.com cut Visteon from a "buy" rating to a "hold" rating in a report on Sunday, November 3rd. Barclays reduced their price target on Visteon from $140.00 to $115.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their price objective on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.77.

Visteon Stock Down 2.3 %

NASDAQ VC traded down $2.07 during trading on Wednesday, reaching $88.61. 373,429 shares of the company's stock were exchanged, compared to its average volume of 327,516. The stock has a market cap of $2.40 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 0.40 and a beta of 1.44. 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 company has a 50 day moving average price of $85.59 and a two-hundred day moving average price of $91.24. Visteon has a 1 year low of $75.75 and a 1 year high of $121.45.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate of $1.97 by $2.47. The business had revenue of $939.00 million during 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%. On average, equities research analysts anticipate that Visteon will post 8.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Visteon

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