Visteon Co. (NASDAQ:VC) Given Average Recommendation of "Moderate Buy" by Brokerages

Visteon Co. (NASDAQ:VC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the sixteen analysts that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $127.57.

Several equities analysts recently issued reports on VC shares. StockNews.com cut Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Morgan Stanley decreased their price target on shares of Visteon from $135.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, August 14th. Wells Fargo & Company raised shares of Visteon from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $115.00 to $122.00 in a report on Friday, September 20th. Barclays lowered their target price on Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $124.00 price target on shares of Visteon in a report on Tuesday, September 10th.

Institutional Investors Weigh In On Visteon

Large investors have recently modified their holdings of the stock. Signaturefd LLC grew its stake in shares of Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company's stock worth $31,000 after purchasing an additional 119 shares during the period. Mather Group LLC. acquired a new position in Visteon during the second quarter worth approximately $59,000. KBC Group NV lifted its holdings in Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after purchasing an additional 247 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Visteon during the 2nd quarter worth about $89,000. Finally, nVerses Capital LLC lifted its holdings in Visteon by 22.2% during the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company's stock worth $117,000 after purchasing an additional 200 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Down 0.9 %

Visteon stock traded down $0.86 during midday trading on Friday, hitting $93.21. 304,116 shares of the stock were exchanged, compared to its average volume of 251,406. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The company has a 50 day moving average price of $92.08 and a two-hundred day moving average price of $99.51. The firm has a market cap of $2.57 billion, a P/E ratio of 5.06, a P/E/G ratio of 0.44 and a beta of 1.44. Visteon has a 1 year low of $86.27 and a 1 year high of $131.70.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same period in the previous year, the company earned $2.35 earnings per share. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Visteon will post 8.2 earnings per share for the current fiscal year.

About Visteon

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.