Visteon Co. (NASDAQ:VC - Get Free Report)'s stock price traded down 5.4% on Thursday . The company traded as low as $78.04 and last traded at $79.78. 79,972 shares changed hands during trading, a decline of 72% from the average session volume of 286,261 shares. The stock had previously closed at $84.36.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Morgan Stanley cut their price target 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. Wells Fargo & Company upped their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. TD Cowen initiated coverage on shares of Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Barclays cut their price objective on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Visteon has an average rating of "Moderate Buy" and a consensus target price of $117.25.
Read Our Latest Analysis on VC
Visteon Price Performance
The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.10 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The stock's 50 day moving average price is $84.08 and its 200-day moving average price is $88.48.
Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. The business had revenue of $939.00 million during the quarter, compared to analysts' expectations of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. As a group, equities analysts forecast that Visteon Co. will post 8.42 EPS for the current year.
Hedge Funds Weigh In On Visteon
Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares during the period. Signaturefd LLC raised its stake in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after buying an additional 263 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after acquiring an additional 1,061 shares during the period. Nisa Investment Advisors LLC raised its position 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 purchasing an additional 754 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after acquiring an additional 450 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.
About Visteon
(
Get Free Report)
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.
See Also
Before you consider Visteon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visteon wasn't on the list.
While Visteon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
