Visteon Corp (VC) Posts Quarterly Earnings, Misses Expectations By $4.20 EPS
Visteon Corp (NYSE:VC) announced its earnings results on Wednesday. The company reported ($3.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.85 by $4.20, American Banking News reports. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.97 billion.
A number of research firms have recently commented on VC. 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. On the ratings front, 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $102.07.
Shares of Visteon Corp (NYSE:VC) opened at 97.24 on Wednesday. Visteon Corp has a 52 week low of $64.42 and a 52 week high of $100.79. The stock’s 50-day moving average is $97.05 and its 200-day moving average is $89.32. The company has a market cap of $4.708 billion and a price-to-earnings ratio of 7.80.
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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