Royal Bank Of Canada Has Lowered Expectations for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its price objective lowered by Royal Bank Of Canada from $129.00 to $127.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 46.77% from the stock’s previous close.

Several other research firms have also commented on VC. UBS Group dropped their target price on Visteon from $130.00 to $107.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Barclays decreased their price target on Visteon from $145.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Robert W. Baird reiterated a “neutral” rating and set a $121.00 price objective on shares of Visteon in a report on Friday, June 26th. Finally, TD Cowen raised their target price on shares of Visteon from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Visteon presently has a consensus rating of “Moderate Buy” and an average price target of $126.82.

Visteon Stock Up 2.1%

VC stock opened at $86.53 on Monday. The stock has a market capitalization of $2.31 billion, a P/E ratio of 11.31, a PEG ratio of 0.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78. Visteon has a one year low of $83.49 and a one year high of $126.95. The company has a 50 day moving average price of $97.84 and a two-hundred day moving average price of $103.73.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share 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 business had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. During the same quarter last year, the firm posted $2.39 earnings per share. The company’s revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that Visteon will post 8.34 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Visteon by 7.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,354 shares of the company’s stock valued at $204,000 after acquiring an additional 155 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Visteon by 24.6% in the third quarter. Versant Capital Management Inc now owns 724 shares of the company’s stock worth $63,000 after buying an additional 143 shares during the period. QRG Capital Management Inc. grew its stake in shares of Visteon by 32.7% in the second quarter. QRG Capital Management Inc. now owns 10,743 shares of the company’s stock valued at $1,066,000 after buying an additional 2,648 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Visteon in the second quarter valued at about $201,000. Finally, WINTON GROUP Ltd grew its stake in shares of Visteon by 63.4% in the second quarter. WINTON GROUP Ltd now owns 23,460 shares of the company’s stock valued at $2,327,000 after buying an additional 9,106 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Visteon

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.