Visteon (NASDAQ:VC) Price Target Cut to $115.00 by Analysts at Barclays

Visteon (NASDAQ:VC) had its price objective cut by equities researchers at Barclays from $140.00 to $115.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 34.46% from the stock’s previous close.

VC has been the subject of several other reports. JPMorgan Chase & Co. dropped their price objective on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Wells Fargo & Company cut their price objective on Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Royal Bank of Canada dropped their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Finally, The Goldman Sachs Group cut their price target on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.23.

Visteon Trading Down 1.7 %

NASDAQ:VC traded down $1.46 during trading hours on Wednesday, hitting $85.53. The company had a trading volume of 31,161 shares, compared to its average volume of 230,500. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $89.30 and a 200 day moving average of $94.99. The company has a market cap of $2.36 billion, a P/E ratio of 4.64, a P/E/G ratio of 0.37 and a beta of 1.45. Visteon has a 1 year low of $81.74 and a 1 year high of $123.73.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same quarter in the prior year, the company earned $2.35 EPS. Visteon’s revenue was down 3.4% on a year-over-year basis. Sell-side analysts expect that Visteon will post 8.2 earnings per share for the current year.

Institutional Trading of Visteon

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its stake in shares of Visteon by 46.7% during the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after acquiring an additional 134 shares during the last quarter. KBC Group NV grew its holdings in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after purchasing an additional 754 shares during the period. Covestor Ltd lifted its position in Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares during the period. Finally, Morse Asset Management Inc bought a new position in Visteon during the third quarter valued at approximately $164,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.