Barclays Reaffirms "Equal Weight" Rating for Visteon (NASDAQ:VC)

Visteon (NASDAQ:VC - Get Free Report)'s stock had its "equal weight" rating reissued by equities research analysts at Barclays in a report issued on Tuesday, Marketbeat.com reports. They presently have a $82.00 price target on the stock, down from their prior price target of $110.00. Barclays's price target indicates a potential upside of 14.19% from the company's current price.

VC has been the topic of several other research reports. Royal Bank of Canada lowered their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird cut their price objective on Visteon from $100.00 to $76.00 and set a "neutral" rating for the company in a report on Tuesday. Wells Fargo & Company raised their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. TD Cowen started coverage on shares of Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Finally, Morgan Stanley lowered their price objective on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Visteon currently has an average rating of "Hold" and an average target price of $100.64.

Visteon Stock Performance

Shares of VC traded up $1.10 during trading hours on Tuesday, hitting $71.81. The company's stock had a trading volume of 248,048 shares, compared to its average volume of 305,817. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 0.42 and a beta of 1.32. The business has a 50 day simple moving average of $80.22 and a two-hundred day simple moving average of $86.18. Visteon has a 52-week low of $65.10 and a 52-week high of $117.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. On average, equities analysts expect that Visteon will post 8.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VC. American Century Companies Inc. grew its position in Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after buying an additional 536,073 shares during the period. Norges Bank purchased a new position in Visteon during the 4th quarter valued at approximately $29,468,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Visteon by 78.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock worth $29,850,000 after acquiring an additional 147,685 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after purchasing an additional 124,897 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Visteon in the 4th quarter worth about $10,170,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

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.