Visteon Corp Sees Significant Increase in Short Interest (VC)
Shares of Visteon Corp (NYSE:VC) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 5,116,783 shares, a growth of 321.0% from the April 30th total of 1,215,250 shares, ARN reports. Currently, 11.0% of the company’s stock are sold short. Based on an average trading volume of 772,555 shares, the short-interest ratio is presently 6.6 days.
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, June 4th. 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 assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $97.53.
Shares of Visteon Corp (NYSE:VC) opened at 94.22 on Monday. Visteon Corp has a 52 week low of $58.02 and a 52 week high of $94.23. The stock has a 50-day moving average of $90.31 and a 200-day moving average of $84.39. The company has a market cap of $4.562 billion and a P/E ratio of 7.36.
Visteon Corp (NYSE:VC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. 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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