Visteon Corporation (NYSE:VC) Given Average Rating of “Buy” by Analysts
Visteon Corporation (NYSE:VC) has been assigned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $100.13.
Several research firms recently commented on VC. BMO Capital Markets upgraded shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and cut their price target for the company from $96.00 to $85.00 in a report on Monday, June 26th. Barclays PLC set a $89.00 price target on shares of Visteon Corporation and gave the company a “hold” rating in a report on Sunday, April 30th. J P Morgan Chase & Co restated an “overweight” rating and issued a $110.00 price target on shares of Visteon Corporation in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Thursday, July 13th. Finally, BidaskClub lowered shares of Visteon Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st.
Visteon Corporation (VC) opened at 106.30 on Tuesday. The company has a 50 day moving average of $99.29 and a 200-day moving average of $94.07. The firm has a market cap of $3.38 billion, a PE ratio of 30.35 and a beta of 0.89. Visteon Corporation has a one year low of $64.95 and a one year high of $107.06.
Visteon Corporation (NYSE:VC) last posted its quarterly earnings results on Thursday, April 27th. The auto parts company reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.34. Visteon Corporation had a net margin of 3.76% and a return on equity of 26.74%. The firm had revenue of $810 million for the quarter, compared to analyst estimates of $806.69 million. During the same quarter last year, the firm posted $1.22 earnings per share. Visteon Corporation’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that Visteon Corporation will post $5.79 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in VC. Vanguard Group Inc. increased its stake in Visteon Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,649,549 shares of the auto parts company’s stock worth $259,523,000 after buying an additional 55,541 shares during the last quarter. BlackRock Inc. increased its stake in Visteon Corporation by 7,509.9% in the first quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock worth $134,341,000 after buying an additional 1,353,504 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Visteon Corporation by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 866,608 shares of the auto parts company’s stock worth $84,884,000 after buying an additional 21,905 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Visteon Corporation by 49.0% in the first quarter. OppenheimerFunds Inc. now owns 774,691 shares of the auto parts company’s stock worth $75,881,000 after buying an additional 254,832 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in Visteon Corporation by 100.7% in the first quarter. Systematic Financial Management LP now owns 764,142 shares of the auto parts company’s stock worth $74,848,000 after buying an additional 383,398 shares during the last quarter.
About Visteon Corporation
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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