Visteon (NASDAQ:VC) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Visteon (NASDAQ:VC) from a buy rating to a hold rating in a research note published on Sunday.

A number of other research analysts have also recently commented on VC. Robert W. Baird restated a “neutral” rating and issued a $120.00 target price (down previously from $137.00) on shares of Visteon in a research note on Friday, July 12th. Wolfe Research started coverage on Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Barclays lowered their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Royal Bank of Canada lowered their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Visteon presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.57.

Visteon Price Performance

Visteon stock opened at $92.92 on Friday. Visteon has a 52 week low of $86.77 and a 52 week high of $131.70. The business has a 50-day simple moving average of $93.60 and a 200 day simple moving average of $102.82. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 5.04, a PEG ratio of 0.44 and a beta of 1.45.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period in the prior year, the business earned $2.35 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, research analysts forecast that Visteon will post 8.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama grew its stake in Visteon by 0.3% in the first quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock worth $4,107,000 after purchasing an additional 91 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Visteon by 1.5% during the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock worth $801,000 after buying an additional 100 shares during the period. Signaturefd LLC lifted its holdings in Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares during the period. nVerses Capital LLC lifted its holdings in Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after buying an additional 200 shares during the period. Finally, Covestor Ltd lifted its holdings in Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after buying an additional 202 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.