Visteon Corporation (NASDAQ:VC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Visteon Corporation (NASDAQ:VC) have earned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $96.25.

VC has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Barclays reissued an “equal weight” rating and issued a $82.00 price objective (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. TD Cowen assumed coverage on Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. Morgan Stanley reduced their target price on Visteon from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. raised their target price on Visteon from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th.

Hedge Funds Weigh In On Visteon

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its stake in Visteon by 2.7% during the 4th quarter. Rhumbline Advisers now owns 88,307 shares of the company’s stock worth $7,835,000 after buying an additional 2,303 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Visteon by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company’s stock worth $56,857,000 after buying an additional 12,900 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Visteon during the 4th quarter worth approximately $2,645,000. US Bancorp DE increased its stake in Visteon by 40.5% during the 4th quarter. US Bancorp DE now owns 7,872 shares of the company’s stock worth $698,000 after buying an additional 2,269 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Visteon by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock worth $32,526,000 after buying an additional 25,319 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Down 0.7%

Visteon stock opened at $91.44 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 8.57 and a beta of 1.19. Visteon has a 1-year low of $65.10 and a 1-year high of $117.94. The business has a fifty day moving average price of $84.08 and a 200-day moving average price of $83.58.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $906.38 million. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.61 EPS. Equities research analysts forecast that Visteon will post 8.42 EPS for the current fiscal year.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.