FBR Capital Markets Initiates Coverage on Visteon Corp. (VC)
Investment analysts at FBR Capital Markets initiated coverage on shares of Visteon Corp. (NYSE:VC) in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm set an “outperform” rating and a $100.00 price target on the stock. FBR Capital Markets’ target price suggests a potential upside of 22.12% from the company’s current price.
Visteon Corp. (NYSE:VC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.85 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.16 by $0.31. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.28 earnings per share. Visteon Corp.’s revenue was up 6.7% compared to the same quarter last year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ned Davis Research downgraded shares of Visteon Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 18th. Separately, analysts at Zacks downgraded shares of Visteon Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, November 12th. They now have a $73.70 price target on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of Visteon Corp. in a research note to investors on Monday, November 11th. They now have a $96.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Visteon Corp. presently has an average rating of “Buy” and a consensus target price of $91.12.
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.