Visteon Corporation (NYSE:VC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
A number of other research analysts have also issued reports on the stock. J P Morgan Chase & Co reiterated an “overweight” rating and set a $110.00 price target on shares of Visteon Corporation in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Visteon Corporation from $115.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, June 9th. Royal Bank Of Canada assumed coverage on shares of Visteon Corporation in a research note on Monday, May 15th. They set a “sector perform” rating and a $110.00 price target on the stock. BMO Capital Markets dropped their price target on shares of Visteon Corporation from $104.00 to $95.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 3rd. Finally, Barclays PLC set a $89.00 price target on shares of Visteon Corporation and gave the stock a “hold” rating in a research note on Sunday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $99.71.
Shares of Visteon Corporation (VC) opened at 94.86 on Wednesday. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 27.08 and a beta of 0.82. The stock’s 50 day moving average is $99.98 and its 200 day moving average is $93.45. Visteon Corporation has a 1-year low of $63.04 and a 1-year high of $106.95.
Visteon Corporation (NYSE:VC) last issued its quarterly earnings results on Thursday, April 27th. The auto parts company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.34. Visteon Corporation had a net margin of 3.76% and a return on equity of 26.74%. The business had revenue of $810 million for the quarter, compared to analyst estimates of $806.69 million. During the same period in the previous year, the business posted $1.22 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Visteon Corporation will post $5.78 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC raised its position in shares of Visteon Corporation by 131.2% in the first quarter. Piedmont Investment Advisors LLC now owns 11,831 shares of the auto parts company’s stock valued at $1,159,000 after buying an additional 6,713 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Visteon Corporation by 59.9% in the first quarter. Public Employees Retirement System of Ohio now owns 139,413 shares of the auto parts company’s stock valued at $13,656,000 after buying an additional 52,225 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Visteon Corporation by 1,987.7% in the first quarter. Janus Capital Management LLC now owns 459,296 shares of the auto parts company’s stock valued at $44,988,000 after buying an additional 437,296 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Visteon Corporation during the first quarter valued at $2,195,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Visteon Corporation during the first quarter valued at $1,382,000.
Visteon Corporation Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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