Visteon (NASDAQ:VC) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Visteon (NASDAQ:VC) from a buy rating to a hold rating in a report published on Sunday morning.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Citigroup dropped their price target on shares of Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. TD Cowen lowered their price objective on shares of Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group lowered their price objective on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $115.00 to $122.00 in a research note on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Visteon presently has a consensus rating of “Moderate Buy” and an average target price of $127.57.

Visteon Stock Performance

Shares of NASDAQ VC opened at $92.92 on Friday. 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 firm’s 50-day moving average price is $93.60 and its two-hundred day moving average price is $102.82. Visteon has a 52-week low of $86.77 and a 52-week high of $131.70. The stock has a market capitalization of $2.57 billion, a P/E ratio of 5.04, a P/E/G ratio of 0.44 and a beta of 1.45.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $2.35 earnings per share. As a group, sell-side analysts forecast that Visteon will post 8.04 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Visteon by 20.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 116,655 shares of the company’s stock worth $13,720,000 after acquiring an additional 19,826 shares during the period. Clearbridge Investments LLC raised its stake in shares of Visteon by 35.6% in the first quarter. Clearbridge Investments LLC now owns 117,490 shares of the company’s stock valued at $13,818,000 after buying an additional 30,818 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Visteon by 85.0% in the first quarter. BNP Paribas Financial Markets now owns 38,794 shares of the company’s stock valued at $4,563,000 after buying an additional 17,821 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Visteon in the first quarter valued at $583,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Visteon by 24.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 51,616 shares of the company’s stock valued at $6,071,000 after buying an additional 10,218 shares during the period. 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.