Visteon Corp. Given New $91.00 Price Target at Barclays (VC)
Equities researchers at Barclays upped their price target on shares of Visteon Corp. (NYSE:VC) from $82.00 to $91.00 in a research report issued on Wednesday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target suggests a potential upside of 20.48% from the stock’s previous close.
Visteon Corp. (NYSE:VC) traded up 0.40% during mid-day trading on Wednesday, hitting $75.53. The stock had a trading volume of 352,143 shares. Visteon Corp. has a one year low of $42.48 and a one year high of $77.60. The stock’s 50-day moving average is $73.96 and its 200-day moving average is $65.77. The company has a market cap of $3.780 billion and a price-to-earnings ratio of 20.90.
Visteon Corp. (NYSE:VC) last released its earnings data on Thursday, August 8th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.40 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts predict that Visteon Corp. will post $6.13 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “hold” rating on shares of Visteon Corp. in a research note to investors on Friday, September 27th. They now have a $75.60 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Visteon Corp. from $83.00 to $96.00 in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Finally, analysts at TheStreet upgraded shares of Visteon Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $84.52.
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.
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