Visteon (NASDAQ:VC) Given New $76.00 Price Target at Robert W. Baird

Visteon (NASDAQ:VC) had its price target reduced by Robert W. Baird from $100.00 to $76.00 in a research report report published on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on VC. Royal Bank of Canada decreased their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. TD Cowen started coverage on shares of Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. Morgan Stanley reduced their price target on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Barclays lowered their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Wells Fargo & Company raised their target price on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $102.75.

Visteon Price Performance

NASDAQ:VC opened at $69.71 on Tuesday. Visteon has a 52 week low of $65.10 and a 52 week high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The firm’s 50-day simple moving average is $80.59 and its 200 day simple moving average is $86.45. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping the consensus estimate of $1.97 by $2.47. The company had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, sell-side analysts predict that Visteon will post 8.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VC. UMB Bank n.a. grew its position in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 324 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after acquiring an additional 408 shares during the last quarter. Quadrant Capital Group LLC increased its position in Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after purchasing an additional 347 shares during the period. Signaturefd LLC raised its holdings in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Visteon in the 1st quarter worth approximately $63,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.