Visteon Corporation (NASDAQ:VC) Stock Has Average Price Target of $126.82

Visteon Corporation (NASDAQ:VC – Get Free Report) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $126.82.

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wolfe Research downgraded shares of Visteon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 28th. Morgan Stanley raised their price objective on Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. Royal Bank Of Canada lowered their target price on Visteon from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. Finally, Barclays dropped their price objective on Visteon from $145.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th.

View Our Latest Analysis on VC

Visteon Stock Down 1.6%

Shares of NASDAQ:VC opened at $87.25 on Wednesday. The company has a 50 day moving average price of $96.86 and a two-hundred day moving average price of $103.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78. The company has a market capitalization of $2.33 billion, a PE ratio of 11.41, a PEG ratio of 0.58 and a beta of 1.30. Visteon has a 52 week low of $83.49 and a 52 week high of $126.95.

Visteon (NASDAQ:VC – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. During the same period last year, the firm earned $2.39 EPS. Visteon’s quarterly revenue was down .9% on a year-over-year basis. Analysts forecast that Visteon will post 8.34 earnings per share for the current year.

Visteon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, September 1st. Visteon’s payout ratio is presently 19.61%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Visteon during the second quarter worth approximately $2,358,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Visteon in the second quarter valued at approximately $3,057,000. Pacer Advisors Inc. lifted its position in shares of Visteon by 10.1% in the fourth quarter. Pacer Advisors Inc. now owns 141,188 shares of the company’s stock valued at $13,427,000 after buying an additional 12,998 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Visteon by 14.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock worth $127,879,000 after acquiring an additional 175,679 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in shares of Visteon by 60.9% during the 2nd quarter. Engineers Gate Manager LP now owns 88,766 shares of the company’s stock worth $8,806,000 after acquiring an additional 33,612 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

(Get Free Report)

Visteon Corporation (NASDAQ: VC) is a global automotive technology company that develops electronic systems and software for vehicle manufacturers. Its products are designed to support the digital cockpit, vehicle connectivity, electrification and advanced driver-assistance functions.

The company’s offerings include cockpit domain controllers, infotainment systems, instrument clusters, vehicle displays, telematics and connectivity solutions, climate-control electronics, and battery-management and power-conversion systems for electrified vehicles.

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Analyst Recommendations for Visteon (NASDAQ:VC)

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