Visteon Corp. Given New $96.00 Price Target at UBS AG (VC)
Stock analysts at UBS AG hoisted their price objective on shares of Visteon Corp. (NYSE:VC) from $83.00 to $96.00 in a report issued on Friday, ARN reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective suggests a potential upside of 27.63% from the stock’s previous close.
Visteon Corp. (NYSE:VC) traded down 0.84% during mid-day trading on Friday, hitting $75.22. The stock had a trading volume of 370,541 shares. Visteon Corp. has a 52 week low of $42.48 and a 52 week high of $77.60. The stock’s 50-day moving average is $72.47 and its 200-day moving average is $64.17. The company has a market cap of $3.764 billion and a P/E ratio of 21.08.
Visteon Corp. (NYSE:VC) last announced its earnings results on Thursday, August 8th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.05 by $0.24. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
A number of other firms have also recently commented on VC. Analysts at TheStreet upgraded shares of Visteon Corp. (NYSE:VC) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. Separately, analysts at Zacks downgraded shares of Visteon Corp. (NYSE:VC) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 16th. They now have a $75.60 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Visteon Corp. (NYSE:VC) from $69.00 to $87.00 in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $82.72.
Visteon Corporation (NYSE:VC) is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers (OEM), including BMW, Chrysler, Daimler, Ford, General Motors, Honda, Hyundai, Kia, Nissan, PSA Peugeot Citroen, Renault, Toyota and Volkswagen.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.