Morgan Stanley Has Lowered Expectations for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its target price cut by equities research analysts at Morgan Stanley from $95.00 to $90.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 5.53% from the stock’s current price.

VC has been the topic of a number of other research reports. Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Wells Fargo & Company raised their target price on shares of Visteon from $96.00 to $101.00 and gave the stock an “overweight” rating in a research note on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $74.00 price target (down previously from $103.00) on shares of Visteon in a report on Thursday, April 10th. Barclays reissued an “equal weight” rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Finally, Robert W. Baird boosted their target price on Visteon from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $96.25.

Visteon Price Performance

NASDAQ:VC traded down $1.56 during trading hours on Monday, hitting $85.29. The company’s stock had a trading volume of 173,716 shares, compared to its average volume of 359,650. The stock has a fifty day simple moving average of $78.05 and a 200-day simple moving average of $84.50. The company has a market capitalization of $2.32 billion, a P/E ratio of 8.69, a PEG ratio of 0.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon has a twelve month low of $65.10 and a twelve month high of $117.94.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.70. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $906.38 million. During the same quarter last year, the firm earned $1.61 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts anticipate that Visteon will post 8.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Visteon by 58.8% during the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock valued at $128,468,000 after acquiring an additional 536,073 shares during the last quarter. Norges Bank bought a new stake in shares of Visteon in the fourth quarter valued at about $29,468,000. Pacer Advisors Inc. lifted its position in shares of Visteon by 2,402.0% during the 1st quarter. Pacer Advisors Inc. now owns 271,738 shares of the company’s stock valued at $21,092,000 after acquiring an additional 260,877 shares during the period. New Vernon Capital Holdings II LLC bought a new stake in shares of Visteon during the 1st quarter worth approximately $17,068,000. Finally, Nuveen LLC bought a new position in Visteon in the first quarter valued at about $15,612,000. 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.