Visteon Co. (NASDAQ:VC) Short Interest Up 17.4% in February

Visteon Co. (NASDAQ:VC - Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 734,200 shares, an increase of 17.4% from the February 13th total of 625,200 shares. Currently, 2.8% of the company's stock are short sold. Based on an average daily volume of 328,400 shares, the short-interest ratio is presently 2.2 days.

Visteon Stock Performance

Shares of VC stock traded down $1.76 on Friday, hitting $80.28. The company's stock had a trading volume of 853,737 shares, compared to its average volume of 286,234. Visteon has a fifty-two week low of $75.75 and a fifty-two week high of $119.16. The company has a market capitalization of $2.17 billion, a PE ratio of 8.18, a PEG ratio of 0.42 and a beta of 1.39. The stock's 50 day moving average is $84.38 and its 200-day moving average is $89.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

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, topping analysts' consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Equities research analysts expect that Visteon will post 8.42 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

A number of research analysts have recently commented on VC shares. Morgan Stanley decreased their price objective on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. TD Cowen assumed coverage on Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 price target for the company. Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Wells Fargo & Company raised their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Barclays decreased their target price on Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.25.

Institutional Trading of Visteon

A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its position in shares of Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after acquiring an additional 347 shares in the last quarter. Signaturefd LLC lifted its stake in Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares during the last quarter. KBC Group NV boosted its holdings in shares of Visteon by 37.7% in 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 in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after buying an additional 754 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

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.