Visteon (NASDAQ:VC) Price Target Cut to $110.00 by Analysts at Barclays

Visteon (NASDAQ:VC) had its price target cut by Barclays from $130.00 to $110.00 in a research note released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms also recently issued reports on VC. JPMorgan Chase & Co. upped their price objective on shares of Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. The Goldman Sachs Group set a $120.00 price target on shares of Visteon in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research report on Wednesday, October 8th. Zacks Research cut Visteon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada increased their target price on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and an average price target of $127.15.

Visteon Stock Performance

Shares of NASDAQ VC opened at $91.41 on Friday. The business’s 50-day simple moving average is $99.28 and its 200-day simple moving average is $110.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 8.21 and a beta of 1.15.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The firm had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $945.41 million. During the same quarter in the prior year, the business earned $2.26 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. As a group, equities research analysts expect that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Visteon

In related news, CEO Sachin Lawande sold 595 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the transaction, the chief executive officer directly owned 175,527 shares in the company, valued at $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Visteon

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Visteon in the 3rd quarter valued at $30,000. Fifth Third Bancorp lifted its holdings in shares of Visteon by 111.5% during the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after acquiring an additional 204 shares during the period. USA Financial Formulas acquired a new stake in shares of Visteon during the 3rd quarter valued at about $44,000. Finally, EMC Capital Management acquired a new stake in shares of Visteon during the 2nd quarter valued at about $45,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.