Visteon (NYSE:VC) has been assigned a $47.00 target price by investment analysts at Morgan Stanley in a report issued on Thursday, TipRanks reports. The brokerage presently has a “sell” rating on the auto parts company’s stock. Morgan Stanley’s price target suggests a potential downside of 8.52% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group raised Visteon from an “underperform” rating to a “hold” rating and reduced their target price for the company from $79.00 to $62.00 in a research note on Monday, April 29th. They noted that the move was a valuation call. Longbow Research reaffirmed a “buy” rating and issued a $110.00 target price on shares of Visteon in a research note on Monday, April 15th. TheStreet lowered Visteon from a “b-” rating to a “c” rating in a research note on Thursday, May 2nd. UBS Group reduced their target price on Visteon from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Finally, Robert W. Baird raised Visteon from a “neutral” rating to an “outperform” rating and upped their target price for the company from $87.00 to $108.00 in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Visteon presently has a consensus rating of “Hold” and an average target price of $96.06.
Shares of VC traded down $0.97 on Thursday, reaching $51.38. The stock had a trading volume of 436,445 shares, compared to its average volume of 631,378. Visteon has a twelve month low of $51.36 and a twelve month high of $139.45.
Visteon (NYSE:VC) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.58). The company had revenue of $737.00 million during the quarter, compared to analyst estimates of $713.99 million. Visteon’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 EPS.
Institutional investors have recently modified their holdings of the business. Pearl River Capital LLC purchased a new position in shares of Visteon during the 4th quarter worth $36,000. BNP Paribas Arbitrage SA lifted its stake in shares of Visteon by 76.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 905 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 391 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Visteon by 132.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,981 shares of the auto parts company’s stock worth $119,000 after purchasing an additional 1,129 shares during the period. Dupont Capital Management Corp purchased a new position in shares of Visteon during the 1st quarter worth $155,000. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of Visteon by 66.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,500 shares of the auto parts company’s stock worth $168,000 after purchasing an additional 1,000 shares during the period.
Visteon Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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