Visteon Corp Hits New 52-Week High at $94.13 (VC)
Visteon Corp (NYSE:VC) shares hit a new 52-week high during trading on Friday , Stock Ratings Network reports. The stock traded as high as $94.13 and last traded at $94.13, with a volume of 89,870 shares. The stock had previously closed at $93.20.
VC has been the subject of a number of recent research reports. Analysts at Gabelli initiated coverage on shares of Visteon Corp in a research note on Wednesday. They set a “buy” rating and a $112.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Visteon Corp in a research note on Wednesday, May 14th. They now have a $109.00 price target on the stock, up previously from $103.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Visteon Corp in a research note on Thursday, April 10th. They now have a $102.00 price target on the stock, up previously from $93.00. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.53.
The stock’s 50-day moving average is $90.08 and its 200-day moving average is $84.26. The company has a market cap of $4.562 billion and a price-to-earnings ratio of 7.36. Visteon Corp also saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 5,116,783 shares, an increase of 321.0% from the April 30th total of 1,215,250 shares. Currently, 11.0% of the shares of the company are sold short. Based on an average trading volume of 772,555 shares, the short-interest ratio is currently 6.6 days.
Visteon Corp (NYSE:VC) last announced its earnings results on Thursday, May 8th. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.29. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company posted $1.34 earnings per share. Visteon Corp’s revenue was up 6.8% compared to the same quarter last year. Analysts expect that Visteon Corp will post $2.97 EPS for the current fiscal year.
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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