Analysts Set Visteon Corporation (NASDAQ:VC) Target Price at $132.18

Visteon Corporation (NASDAQ:VC) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $132.1818.

A number of research analysts have recently commented on VC shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company lowered their price objective on shares of Visteon from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada dropped their target price on shares of Visteon from $130.00 to $129.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Visteon from $170.00 to $145.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 15th. Finally, Morgan Stanley lifted their price target on shares of Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th.

Institutional Investors Weigh In On Visteon

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Visteon by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock valued at $509,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System raised its position in shares of Visteon by 3.1% in the 1st quarter. State of Michigan Retirement System now owns 6,607 shares of the company’s stock worth $602,000 after acquiring an additional 200 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Visteon by 58.7% during the 2nd quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after purchasing an additional 215 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Visteon by 54.8% during the 4th quarter. Hantz Financial Services Inc. now owns 655 shares of the company’s stock worth $62,000 after purchasing an additional 232 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Visteon by 4.4% during the fourth quarter. ProShare Advisors LLC now owns 6,117 shares of the company’s stock valued at $582,000 after purchasing an additional 256 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $91.89 on Friday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.61 and a beta of 1.30. Visteon has a 12 month low of $83.49 and a 12 month high of $126.95. The firm’s 50-day moving average is $103.07 and its 200 day moving average is $103.78. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.30). The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%.The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $2.39 EPS. Research analysts predict that Visteon will post 8.38 EPS for the current year.

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, September 1st. Visteon’s dividend payout ratio (DPR) is presently 19.61%.

About Visteon

Visteon Corporation (NASDAQ:VC) is a global automotive technology company that develops and supplies electronic products and software for vehicle manufacturers. Its solutions are designed to support the transition toward connected, digital and software-defined vehicles.

The company’s product portfolio includes digital instrument clusters, vehicle information displays, infotainment systems, cockpit domain controllers and connected-car technologies. Visteon also develops battery-management systems and other electronics used in electric and hybrid vehicles, as well as climate-control and thermal-management electronics for automotive applications.

Visteon was established in 2000 after being spun off from Ford Motor Company and is headquartered in Van Buren Township, Michigan.