Visteon (VC) Price Target Lowered to $75.00 at UBS Group

Visteon (NYSE:VC) had its price target reduced by UBS Group from $80.00 to $75.00 in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the auto parts company’s stock.

A number of other research analysts have also recently commented on VC. Jefferies Financial Group initiated coverage on Visteon in a research note on Tuesday, December 4th. They issued an underperform rating and a $69.00 price target for the company. Goldman Sachs Group cut Visteon from a neutral rating to a sell rating and dropped their price target for the company from $83.00 to $63.00 in a research note on Monday, December 10th. Deutsche Bank initiated coverage on Visteon in a research note on Thursday, December 13th. They issued a hold rating for the company. Robert W. Baird cut Visteon from an outperform rating to a neutral rating in a research note on Friday, January 4th. Finally, Barclays set a $59.00 price target on Visteon and gave the company a hold rating in a research note on Friday, January 4th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Visteon has an average rating of Hold and an average price target of $105.13.

Shares of NYSE VC opened at $71.49 on Monday. Visteon has a twelve month low of $56.59 and a twelve month high of $139.45.

Visteon (NYSE:VC) last announced its quarterly earnings results on Thursday, February 21st. The auto parts company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.49. The business had revenue of $731.00 million for the quarter, compared to analyst estimates of $721.02 million. During the same period last year, the firm earned $1.64 EPS. Visteon’s quarterly revenue was down 8.3% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Visteon by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 809,360 shares of the auto parts company’s stock worth $48,790,000 after buying an additional 36,129 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Visteon by 5.8% in the 3rd quarter. Wells Fargo & Company MN now owns 137,250 shares of the auto parts company’s stock valued at $12,751,000 after purchasing an additional 7,569 shares in the last quarter. Becker Capital Management Inc. bought a new stake in shares of Visteon in the 4th quarter valued at about $6,378,000. Standard Life Aberdeen plc raised its holdings in shares of Visteon by 42.7% in the 3rd quarter. Standard Life Aberdeen plc now owns 252,099 shares of the auto parts company’s stock valued at $23,422,000 after purchasing an additional 75,387 shares in the last quarter. Finally, Private Capital Management LLC grew its position in shares of Visteon by 1.7% in the 3rd quarter. Private Capital Management LLC now owns 304,727 shares of the auto parts company’s stock worth $28,309,000 after buying an additional 5,002 shares during the last quarter.

About Visteon

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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Analyst Recommendations for Visteon (NYSE:VC)

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