Visteon Co. (NASDAQ:VC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Visteon Co. (NASDAQ:VC) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $125.23.

A number of equities analysts recently weighed in on VC shares. StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Barclays cut their price target on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada decreased their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company cut their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, October 21st.

Visteon Price Performance

Shares of NASDAQ:VC opened at $84.06 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The company has a market capitalization of $2.32 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. The stock has a fifty day moving average of $88.51 and a 200-day moving average of $93.66. Visteon has a one year low of $81.74 and a one year high of $123.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Visteon in the third quarter worth about $10,779,000. Millennium Management LLC lifted its holdings in shares of Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after buying an additional 111,377 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Visteon by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after buying an additional 88,288 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Visteon in the fourth quarter worth $7,730,000. Finally, Massachusetts Financial Services Co. MA increased its position in Visteon by 6.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after acquiring an additional 55,465 shares during the period. 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.