Visteon Corporation (NASDAQ:VC) Stock Has Average Price Target of $126.82

Shares of Visteon Corporation (NASDAQ:VC) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $126.82.

VC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada decreased their price target on Visteon from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. Morgan Stanley increased their price target on shares of Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Wells Fargo & Company lowered their target price on shares of Visteon from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Finally, Barclays decreased their price target on shares of Visteon from $145.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, October 9th.

Hedge Funds Weigh In On Visteon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in shares of Visteon by 7.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,354 shares of the company’s stock worth $204,000 after purchasing an additional 155 shares in the last quarter. Versant Capital Management Inc lifted its position in Visteon by 24.6% in the 3rd 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 last quarter. QRG Capital Management Inc. boosted its stake in Visteon by 32.7% in the second quarter. QRG Capital Management Inc. now owns 10,743 shares of the company’s stock worth $1,066,000 after buying an additional 2,648 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Visteon in the second quarter worth approximately $201,000. Finally, WINTON GROUP Ltd boosted its stake in Visteon by 63.4% in the second quarter. WINTON GROUP Ltd now owns 23,460 shares of the company’s stock worth $2,327,000 after buying an additional 9,106 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Trading Up 1.2%

NASDAQ:VC opened at $87.78 on Wednesday. Visteon has a 1 year low of $83.49 and a 1 year high of $126.95. The stock’s fifty day moving average price is $96.13 and its two-hundred day moving average price is $103.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The company has a market cap of $2.34 billion, a P/E ratio of 11.47, a P/E/G ratio of 0.59 and a beta of 1.30.

Visteon (NASDAQ:VC) last announced 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 company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $955.78 million. During the same quarter last year, the firm posted $2.39 earnings per share. Visteon’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts expect that Visteon will post 8.24 EPS for the current year.

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.3750 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.50 annualized dividend and a yield of 1.7%. Visteon’s dividend payout ratio (DPR) is currently 19.61%.

About Visteon

Visteon Corporation (NASDAQ: VC) is a global automotive technology company that develops and supplies electronic systems for vehicle manufacturers. Its products are designed to support the digital, connected and increasingly electrified vehicle, with a focus on improving the driving experience, vehicle functionality and energy efficiency.

The company’s product portfolio includes digital instrument clusters, displays, infotainment systems, connected-car technologies, cockpit domain controllers, climate-control electronics and other vehicle control systems.