Brokerages Set Visteon Co. (NASDAQ:VC) Price Target at $123.77

Visteon Co. (NASDAQ:VC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $123.77.

Several equities analysts recently commented on VC shares. Wells Fargo & Company increased their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday. Barclays lowered their price objective on shares of Visteon from $140.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada dropped their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, StockNews.com cut Visteon from a "buy" rating to a "hold" rating in a research report on Sunday, November 3rd.

Institutional Investors Weigh In On Visteon

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Visteon by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock worth $258,106,000 after acquiring an additional 16,442 shares in the last quarter. American Century Companies Inc. raised its position 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 worth $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Invesco Ltd. lifted its stake in Visteon by 5.6% in 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 in the last quarter. State Street Corp lifted its stake in 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 buying an additional 3,918 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Visteon by 5.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock worth $80,621,000 after buying an additional 45,058 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Down 2.3 %

NASDAQ VC traded down $2.07 on Friday, hitting $88.61. The stock had a trading volume of 373,429 shares, compared to its average volume of 327,518. Visteon has a 52-week low of $75.75 and a 52-week high of $121.45. The business's fifty day moving average price is $85.59 and its 200 day moving average price is $91.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.40 and a beta of 1.44.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $2.47. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Equities research analysts anticipate that Visteon will post 8.81 earnings per share for the current 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.