Visteon Corporation (NASDAQ:VC) Given Average Rating of “Moderate Buy” by Brokerages

Visteon Corporation (NASDAQ:VC) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $127.1538.

A number of analysts have recently commented on VC shares. The Goldman Sachs Group set a $120.00 price target on Visteon in a research note on Thursday, January 15th. Robert W. Baird set a $126.00 price objective on shares of Visteon in a report on Wednesday, January 14th. Barclays lowered their target price on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Morgan Stanley increased 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, October 20th.

Visteon Stock Up 0.7%

NASDAQ:VC opened at $99.80 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. Visteon has a 12-month low of $65.10 and a 12-month high of $129.10. The stock’s fifty day simple moving average is $97.98 and its 200-day simple moving average is $109.08. The firm has a market capitalization of $2.72 billion, a P/E ratio of 8.97 and a beta of 1.16.

Institutional Investors Weigh In On Visteon

Several large investors have recently modified their holdings of VC. Farther Finance Advisors LLC raised its position in shares of Visteon by 144.1% during the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Visteon during the 3rd quarter worth approximately $30,000. USA Financial Formulas bought a new stake in Visteon during the 3rd quarter worth approximately $44,000. EMC Capital Management acquired a new stake in Visteon during the 2nd quarter worth approximately $45,000. Finally, Plato Investment Management Ltd bought a new position in Visteon in the third quarter valued at approximately $48,000. 99.71% of the stock is currently owned by institutional investors.

About Visteon

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.