Visteon Corporation (NASDAQ:VC) Given Average Rating of “Moderate Buy” by Brokerages

Visteon Corporation (NASDAQ:VC) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $127.1538.

A number of research firms have recently weighed in on VC. JPMorgan Chase & Co. lifted their target price on Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Wells Fargo & Company lowered their price target on shares of Visteon from $151.00 to $148.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Royal Bank Of Canada boosted their price objective on shares of Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, October 24th. UBS Group decreased their target price on shares of Visteon from $142.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group set a $120.00 price target on shares of Visteon in a research report on Thursday, January 15th.

Visteon Stock Performance

NASDAQ:VC opened at $98.30 on Friday. The stock has a 50 day simple moving average of $97.93 and a 200 day simple moving average of $108.95. The stock has a market cap of $2.68 billion, a P/E ratio of 8.83 and a beta of 1.16. 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.

Hedge Funds Weigh In On Visteon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in shares of Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Visteon during the third quarter worth about $30,000. USA Financial Formulas acquired a new stake in Visteon during the third quarter worth about $44,000. EMC Capital Management acquired a new stake in Visteon during the second quarter worth about $45,000. Finally, Plato Investment Management Ltd bought a new position in Visteon in the 3rd quarter valued at about $48,000. 99.71% of the stock is owned by institutional investors and hedge funds.

About Visteon

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.