Visteon Co. (NASDAQ:VC) Receives $127.15 Consensus Target Price from Brokerages

Shares of Visteon Co. (NASDAQ:VC - Get Free Report) have received a consensus rating of "Moderate Buy" from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $127.15.

A number of brokerages have commented on VC. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $124.00 target price on shares of Visteon in a report on Tuesday, September 10th. Wells Fargo & Company cut their price objective on shares of Visteon from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. StockNews.com cut shares of Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Barclays cut their price target on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Finally, Wolfe Research began coverage on shares of Visteon in a report on Thursday, September 5th. They set a "peer perform" rating on the stock.

Institutional Investors Weigh In On Visteon

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its position 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 purchasing an additional 489,959 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Visteon by 10.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock valued at $161,760,000 after purchasing an additional 137,264 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Visteon in the third quarter valued at about $10,779,000. Millennium Management LLC lifted its stake in shares of Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company's stock worth $60,663,000 after purchasing an additional 111,377 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in shares of Visteon in the second quarter worth about $11,204,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Trading Down 2.2 %

Shares of NASDAQ VC traded down $1.91 during trading hours on Thursday, reaching $86.81. The stock had a trading volume of 274,763 shares, compared to its average volume of 279,742. The business's fifty day moving average price is $91.45 and its two-hundred day moving average price is $97.14. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 4.71, a P/E/G ratio of 0.44 and a beta of 1.44. Visteon has a 52-week low of $84.01 and a 52-week high of $124.15. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same quarter last year, the firm posted $2.35 earnings per share. The business's revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that Visteon will post 8.2 EPS for the current fiscal year.

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.