Visteon Corp Sets New 1-Year High at $102.36 (VC)
Shares of Visteon Corp (NYSE:VC) reached a new 52-week high during mid-day trading on Wednesday , Stock Ratings Network.com reports. The company traded as high as $102.36 and last traded at $102.08, with a volume of 101,778 shares traded. The stock had previously closed at $101.67.
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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Visteon Corp presently has a consensus rating of “Buy” and an average target price of $104.91.
The stock’s 50-day moving average is $98.19 and its 200-day moving average is $91.8. The company has a market cap of $4.497 billion and a P/E ratio of 12.02.
Visteon Corp (NYSE:VC) last announced its earnings results on Wednesday, August 6th. The company reported ($3.35) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Visteon Corp will post $3.37 earnings per share 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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