Morgan Stanley Analysts Give Visteon (VC) a $47.00 Price Target

Morgan Stanley set a $47.00 target price on Visteon (NYSE:VC) in a research note released on Thursday morning, TipRanks reports. The firm currently has a sell rating on the auto parts company’s stock.

Other analysts have also issued reports about the stock. TheStreet upgraded shares of Visteon from a c rating to a b- rating in a research note on Thursday, March 7th. Longbow Research set a $110.00 price target on shares of Visteon and gave the stock a buy rating in a research note on Friday, February 22nd. Jefferies Financial Group upgraded shares of Visteon from an underperform rating to a hold rating and reduced their price target for the stock from $79.00 to $62.00 in a research note on Monday, April 29th. They noted that the move was a valuation call. UBS Group reduced their price target on shares of Visteon from $80.00 to $75.00 and set a neutral rating for the company in a research note on Monday, April 1st. Finally, B. Riley lowered shares of Visteon from a buy rating to a neutral rating and reduced their price target for the stock from $130.00 to $75.00 in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $96.06.

Shares of VC stock traded down $0.97 during trading hours on Thursday, reaching $51.38. The company had a trading volume of 436,445 shares, compared to its average volume of 631,378. Visteon has a one year low of $51.36 and a one year high of $139.45.

Visteon (NYSE:VC) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.58). The firm had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $713.99 million. During the same period in the previous year, the company earned $2.08 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis.

Several institutional investors and hedge funds have recently bought and sold shares of VC. JPMorgan Chase & Co. lifted its holdings in Visteon by 1,897.1% during the third quarter. JPMorgan Chase & Co. now owns 44,276 shares of the auto parts company’s stock valued at $4,112,000 after purchasing an additional 42,059 shares in the last quarter. Legal & General Group Plc lifted its holdings in Visteon by 53.7% during the third quarter. Legal & General Group Plc now owns 48,131 shares of the auto parts company’s stock valued at $4,471,000 after purchasing an additional 16,818 shares in the last quarter. Morgan Stanley lifted its holdings in Visteon by 56.5% during the third quarter. Morgan Stanley now owns 195,273 shares of the auto parts company’s stock valued at $18,140,000 after purchasing an additional 70,470 shares in the last quarter. Peregrine Capital Management LLC lifted its holdings in Visteon by 105.7% during the fourth quarter. Peregrine Capital Management LLC now owns 115,649 shares of the auto parts company’s stock valued at $6,971,000 after purchasing an additional 59,417 shares in the last quarter. Finally, Strs Ohio lifted its holdings in Visteon by 25.0% during the fourth quarter. Strs Ohio now owns 75,000 shares of the auto parts company’s stock valued at $4,521,000 after purchasing an additional 15,000 shares in 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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