Visteon Corp (VC) Receives $100.50 Consensus Price Target from Brokerages
Visteon Corp (NYSE:VC) has been given an average recommendation of “Hold” by the twenty research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $100.50.
Several analysts recently commented on the company. UBS Group cut their price objective on Visteon from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, April 1st. TheStreet raised shares of Visteon from a “c” rating to a “b-” rating in a report on Thursday, March 7th. Morgan Stanley set a $73.00 price target on shares of Visteon and gave the stock a “sell” rating in a research note on Tuesday, March 5th. BMO Capital Markets boosted their price objective on shares of Visteon from $91.00 to $103.00 and gave the company an “outperform” rating in a research report on Monday, February 25th. They noted that the move was a valuation call. Finally, Longbow Research set a $110.00 price objective on Visteon and gave the stock a “buy” rating in a research note on Friday, February 22nd.
Institutional investors and hedge funds have recently made changes to their positions in the business. Pearl River Capital LLC purchased a new position in Visteon during the fourth quarter valued at $36,000. Point72 Hong Kong Ltd bought a new stake in Visteon in the third quarter worth $110,000. Bronfman E.L. Rothschild L.P. increased its position in Visteon by 132.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,981 shares of the auto parts company’s stock worth $119,000 after purchasing an additional 1,129 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Visteon during the fourth quarter valued at $153,000. Finally, PNC Financial Services Group Inc. raised its stake in Visteon by 51.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,869 shares of the auto parts company’s stock valued at $172,000 after purchasing an additional 980 shares in the last quarter.
Visteon (NYSE:VC) last announced its earnings results on Thursday, February 21st. The auto parts company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.49. The company had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $721.02 million. Visteon’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 earnings per share.
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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