Visteon (NASDAQ:VC) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Visteon (NASDAQ:VC) from a buy rating to a hold rating in a research report released on Monday.

A number of other equities research analysts have also recently commented on the company. Royal Bank of Canada lowered 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. Robert W. Baird reiterated a “neutral” rating and set a $120.00 target price (down previously from $137.00) on shares of Visteon in a report on Friday, July 12th. Morgan Stanley lowered their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. Wolfe Research began coverage on Visteon in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Barclays lowered their target price on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.57.

Visteon Stock Performance

NASDAQ VC opened at $90.25 on Monday. Visteon has a 1-year low of $86.77 and a 1-year high of $131.70. The company has a market capitalization of $2.49 billion, a P/E ratio of 4.90, a PEG ratio of 0.46 and a beta of 1.45. The business has a 50 day moving average price of $94.20 and a 200 day moving average price of $103.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $965.60 million. During the same period last year, the business posted $2.35 EPS. Visteon’s quarterly revenue was down 3.4% on a year-over-year basis. Sell-side analysts expect that Visteon will post 7.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VC. State of Michigan Retirement System boosted its holdings in Visteon by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after acquiring an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of Visteon by 30.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 16,259 shares of the company’s stock worth $1,912,000 after acquiring an additional 3,821 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Visteon by 0.3% during the first quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock worth $4,107,000 after acquiring an additional 91 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Visteon by 1.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,649 shares of the company’s stock worth $9,250,000 after acquiring an additional 1,396 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Visteon by 85.0% in the first quarter. BNP Paribas Financial Markets now owns 38,794 shares of the company’s stock worth $4,563,000 after purchasing an additional 17,821 shares in the last quarter. Institutional investors and hedge funds 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.