Visteon Corp Given Consensus Recommendation of “Buy” by Brokerages (NYSE:VC)
Shares of Visteon Corp (NYSE:VC) have earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, Stock Ratings News reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $102.07.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Visteon Corp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $101.40 price target on the stock. Separately, analysts at Barclays downgraded shares of Visteon Corp from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 14th. They now have a $100.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Visteon Corp in a research note on Monday, July 7th. They set an “overweight” rating on the stock.
Visteon Corp (NYSE:VC) opened at 97.50 on Wednesday. Visteon Corp has a 1-year low of $64.42 and a 1-year high of $100.79. The stock has a 50-day moving average of $96.37 and a 200-day moving average of $88.61. The company has a market cap of $4.721 billion and a P/E ratio of 7.64.
Visteon Corp (NYSE:VC) last posted its quarterly earnings results 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 $3.13 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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