Barclays Cuts Visteon (NASDAQ:VC) Price Target to $110.00

Visteon (NASDAQ:VC) had its price objective cut by Barclays from $130.00 to $110.00 in a research report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

VC has been the topic of several other reports. Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Robert W. Baird set a $126.00 target price on Visteon in a research note on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Royal Bank Of Canada increased their price target on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, Morgan Stanley lifted their target price on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.15.

Visteon Trading Down 1.3%

Shares of Visteon stock opened at $91.41 on Friday. The firm’s 50 day moving average is $99.28 and its 200 day moving average is $110.36. The firm has a market capitalization of $2.49 billion, a PE ratio of 8.21 and a beta of 1.15. Visteon has a 1 year low of $65.10 and a 1 year high of $129.10. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. The company had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.Visteon’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.26 EPS. Equities research analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Visteon

In other Visteon news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the sale, the chief executive officer directly owned 175,527 shares in the company, valued at $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently modified their holdings of VC. Farther Finance Advisors LLC grew its holdings in Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Visteon by 253.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 176,830 shares of the company’s stock valued at $17,131,000 after purchasing an additional 126,803 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Visteon during the fourth quarter valued at approximately $69,000. Value Holdings Management CO. LLC lifted its stake in Visteon by 34.9% during the 4th quarter. Value Holdings Management CO. LLC now owns 42,500 shares of the company’s stock valued at $4,041,000 after acquiring an additional 11,000 shares during the period. Finally, SG Americas Securities LLC raised its stake in Visteon by 239.4% during the 4th quarter. SG Americas Securities LLC now owns 5,976 shares of the company’s stock valued at $568,000 after buying an additional 4,215 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.