Barclays Issues Pessimistic Forecast for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its target price decreased by stock analysts at Barclays from $130.00 to $110.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 18.82% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. boosted their price target on Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Zacks Research downgraded Visteon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Wells Fargo & Company cut their target price 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. Finally, Morgan Stanley boosted their target price on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Visteon has an average rating of “Moderate Buy” and an average target price of $127.15.

Visteon Trading Down 3.3%

VC opened at $92.58 on Friday. The company has a market cap of $2.53 billion, a P/E ratio of 8.32 and a beta of 1.15. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $99.56 and its 200-day moving average is $110.38. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.26 earnings per share. Equities research analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Visteon news, CEO Sachin Lawande sold 595 shares of the 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 owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. This represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

A number of hedge funds have recently bought and sold shares of VC. Cullen Frost Bankers Inc. bought a new stake in Visteon during the third quarter valued at $30,000. Fifth Third Bancorp lifted its stake in shares of Visteon by 111.5% in the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after purchasing an additional 204 shares during the period. USA Financial Formulas bought a new stake in shares of Visteon during the 3rd quarter valued at about $44,000. EMC Capital Management acquired a new stake in Visteon during the second quarter worth approximately $45,000. Finally, Plato Investment Management Ltd bought a new stake in Visteon in the third quarter worth approximately $48,000. 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.