Visteon Corp Receives Consensus Recommendation of “Buy” from Analysts (NYSE:VC)
Shares of Visteon Corp (NYSE:VC) have been given an average recommendation of “Buy” by the nine brokerages that are covering the company, Stock Ratings News reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $104.91.
Shares of Visteon Corp (NYSE:VC) opened at 101.19 on Tuesday. Visteon Corp has a 52 week low of $71.94 and a 52 week high of $102.04. The stock’s 50-day moving average is $98.13 and its 200-day moving average is $91.49. The company has a market cap of $4.451 billion and a P/E ratio of 11.96.
Visteon Corp (NYSE:VC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($3.35) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.85 by $4.20. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the company posted $1.29 earnings per share. Visteon Corp’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Visteon Corp will post $3.37 EPS for the current fiscal year.
A number of research firms have recently commented on VC. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Visteon Corp in a research note on Thursday, August 7th. They now have a $122.00 price target on the stock, down previously from $125.00. Separately, 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. Finally, 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.
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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