Visteon (NASDAQ:VC) Price Target Cut to $100.00 by Analysts at Royal Bank of Canada

Visteon (NASDAQ:VC) had its price target cut by Royal Bank of Canada from $127.00 to $100.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

VC has been the subject of several other research reports. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Wells Fargo & Company upped their target price on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Barclays dropped their price target on Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Visteon presently has an average rating of “Moderate Buy” and a consensus price target of $123.77.

Visteon Price Performance

Shares of NASDAQ VC opened at $89.16 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $85.64 and its two-hundred day moving average price is $91.25. The company has a market cap of $2.46 billion, a PE ratio of 4.84, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. Visteon has a twelve month low of $75.75 and a twelve month high of $121.45.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. On average, analysts predict that Visteon will post 8.27 EPS for the current year.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently modified their holdings of VC. Creative Planning lifted its stake in Visteon by 87.5% in the 3rd quarter. Creative Planning now owns 8,914 shares of the company’s stock valued at $849,000 after purchasing an additional 4,160 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Visteon by 46.7% during the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock worth $40,000 after buying an additional 134 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Visteon by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock valued at $306,000 after acquiring an additional 215 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Visteon by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Olympiad Research LP bought a new stake in Visteon during the 3rd quarter worth $429,000. 99.71% of the stock is currently owned by institutional investors.

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.