Visteon (NASDAQ:VC) Price Target Lowered to $115.00 at Barclays

Visteon (NASDAQ:VC) had its price target decreased by investment analysts at Barclays from $140.00 to $115.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 34.46% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reduced their price target on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. JPMorgan Chase & Co. cut their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and an average price target of $125.23.

Visteon Trading Down 1.7 %

Shares of VC stock traded down $1.46 during trading hours on Wednesday, reaching $85.53. 31,161 shares of the stock were exchanged, compared to its average volume of 230,500. Visteon has a 12-month low of $81.74 and a 12-month high of $123.73. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 4.64, a price-to-earnings-growth ratio of 0.37 and a beta of 1.45. The company’s 50-day moving average price is $89.30 and its 200-day moving average price is $94.99.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same quarter in the previous year, the firm earned $2.35 EPS. Visteon’s revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Visteon will post 8.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VC. KBC Group NV grew its holdings in Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after buying an additional 450 shares during the period. Inspire Investing LLC increased its position in Visteon by 5.0% during the 4th quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock worth $402,000 after purchasing an additional 216 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after acquiring an additional 754 shares in the last quarter. Value Holdings Management CO. LLC grew its position in Visteon by 90.9% in the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company’s stock valued at $2,795,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Visteon by 5.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 77,003 shares of the company’s stock valued at $6,832,000 after acquiring an additional 3,739 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

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.