Visteon Corp Receives Consensus Rating of “Buy” from Brokerages (NYSE:VC)
Shares of Visteon Corp (NYSE:VC) have received an average recommendation of “Buy” from the nine analysts that are covering the stock, Analyst RN reports. One research analyst has rated the stock with a sell rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $97.53.
Shares of Visteon Corp (NYSE:VC) traded down 0.36% on Thursday, hitting $93.70. The stock had a trading volume of 25,333 shares. Visteon Corp has a one year low of $58.02 and a one year high of $95.00. The stock has a 50-day moving average of $90.72 and a 200-day moving average of $84.83. The company has a market cap of $4.537 billion and a price-to-earnings ratio of 7.43. Visteon Corp also was the target of a large increase in short interest during the month of 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. Based on an average trading volume of 772,555 shares, the days-to-cover ratio is presently 6.6 days. Currently, 11.0% of the shares of the stock are short sold.
Visteon Corp (NYSE:VC) last released its earnings data on Thursday, May 8th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that Visteon Corp will post $2.97 earnings per share for the current fiscal year.
A number of research firms have recently commented on VC. 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.
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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