Visteon (NASDAQ:VC) Trading 7.5% Higher After Earnings Beat

Shares of Visteon Co. (NASDAQ:VC - Get Free Report) were up 7.5% during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $89.78 and last traded at $89.45. Approximately 99,949 shares changed hands during trading, a decline of 67% from the average daily volume of 298,370 shares. The stock had previously closed at $83.21.

The company reported $4.44 earnings per share (EPS) for the quarter, beating 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%.

Analyst Ratings Changes

VC has been the topic of a number of recent analyst reports. StockNews.com downgraded Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday. Barclays dropped their target price on shares of Visteon from $140.00 to $115.00 and set an "overweight" rating for the company in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Visteon has a consensus rating of "Moderate Buy" and a consensus target price of $123.77.

Institutional Trading of Visteon

Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings in Visteon by 46.7% during the 3rd quarter. Signaturefd LLC now owns 421 shares of the company's stock worth $40,000 after acquiring an additional 134 shares during the period. Quadrant Capital Group LLC grew its stake in 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. KBC Group NV increased its holdings in Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company's stock worth $86,000 after purchasing an additional 247 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after buying an additional 1,061 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after buying an additional 754 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Visteon Price Performance

The business has a fifty day simple moving average of $85.50 and a 200-day simple moving average of $91.15. The stock has a market capitalization of $2.40 billion, a P/E ratio of 9.03, a PEG ratio of 0.40 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

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.