TD Cowen started coverage on shares of Visteon (NASDAQ:VC - Free Report) in a report issued on Friday morning. The firm issued a buy rating and a $108.00 price objective on the stock.
VC has been the topic of a number of other research reports. Barclays decreased their price objective on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company boosted their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley decreased their price objective on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, Royal Bank of Canada decreased 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, February 19th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Visteon has an average rating of "Moderate Buy" and an average price target of $117.25.
Read Our Latest Report on VC
Visteon Stock Performance
Shares of Visteon stock traded up $0.33 on Friday, reaching $87.68. 327,678 shares of the stock were exchanged, compared to its average volume of 328,165. Visteon has a 1-year low of $75.75 and a 1-year high of $121.45. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $85.30 and a two-hundred day moving average price of $90.32. The firm has a market capitalization of $2.37 billion, a PE ratio of 8.94, a PEG ratio of 0.42 and a beta of 1.39.
Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly 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 business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. As a group, research analysts anticipate that Visteon will post 8.42 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Visteon
Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in Visteon by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company's stock worth $306,000 after acquiring an additional 215 shares during the last quarter. Principal Financial Group Inc. boosted its position in Visteon by 3.2% during the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company's stock worth $26,131,000 after acquiring an additional 8,500 shares during the last quarter. Summit Global Investments acquired a new stake in Visteon during the third quarter worth approximately $518,000. Covestor Ltd boosted its position in Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock worth $149,000 after acquiring an additional 202 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Visteon by 19.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 19,604 shares of the company's stock worth $1,867,000 after acquiring an additional 3,194 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
About Visteon
(
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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.
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