Visteon (NYSE:VC) Given New $126.00 Price Target at Citigroup

Visteon (NYSE:VC) had its price objective trimmed by Citigroup from $128.00 to $126.00 in a research report sent to investors on Tuesday, May 8th. The firm currently has a neutral rating on the auto parts company’s stock.

Several other research firms have also recently issued reports on VC. Royal Bank of Canada lowered their target price on shares of Visteon to $131.00 and set a sector perform rating on the stock in a research note on Sunday, January 21st. Guggenheim restated a buy rating and set a $154.00 target price on shares of Visteon in a research note on Wednesday, January 10th. Wells Fargo lowered their price objective on shares of Visteon from $141.00 to $135.00 and set an outperform rating on the stock in a research note on Tuesday, April 17th. Gabelli upgraded shares of Visteon from a hold rating to a buy rating and set a $158.00 price objective on the stock in a research note on Monday, February 26th. Finally, Morgan Stanley increased their price objective on shares of Visteon from $112.00 to $123.00 and gave the stock an overweight rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Visteon presently has a consensus rating of Buy and a consensus price target of $140.33.

Visteon opened at $134.09 on Tuesday, according to MarketBeat.com. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Visteon has a 52-week low of $130.74 and a 52-week high of $131.54.

Visteon (NYSE:VC) last posted its earnings results on Thursday, April 26th. The auto parts company reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.29. The business had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $832.35 million. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 EPS. equities research analysts forecast that Visteon will post 6.23 earnings per share for the current year.

In related news, CEO Sachin Lawande sold 2,500 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $125.00, for a total value of $312,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,527 shares of the company’s stock, valued at approximately $4,065,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in VC. US Bancorp DE increased its holdings in Visteon by 261.2% in the 1st quarter. US Bancorp DE now owns 1,293 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 935 shares in the last quarter. TLP Group LLC grew its holdings in Visteon by 61,600.0% during the 1st quarter. TLP Group LLC now owns 1,851 shares of the auto parts company’s stock valued at $204,000 after buying an additional 1,848 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Visteon during the 1st quarter valued at approximately $213,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Visteon by 42.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock valued at $220,000 after buying an additional 526 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Visteon during the 4th quarter valued at approximately $287,000.

Visteon Company Profile

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.

Analyst Recommendations for Visteon (NYSE:VC)

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