Visteon (NASDAQ:VC) Shares Gap Up to $164.98

Posted by on Mar 9th, 2023

Visteon Co. (NASDAQ:VC – Get Rating)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $164.98, but opened at $170.21. Visteon shares last traded at $169.18, with a volume of 51,105 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VC shares. Guggenheim lowered Visteon from a “buy” rating to a “neutral” rating in a research report on Friday, February 17th. They noted that the move was a valuation call. The Goldman Sachs Group raised their price target on Visteon from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Robert W. Baird raised their price target on Visteon from $163.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, February 17th. Barclays lifted their target price on Visteon from $125.00 to $135.00 in a report on Friday, February 17th. Finally, Citigroup lifted their target price on Visteon from $129.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, January 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $150.50.

Visteon Price Performance

The company has a 50 day simple moving average of $152.68 and a 200-day simple moving average of $137.59. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 39.47 and a beta of 1.82. The company has a current ratio of 1.65, a quick ratio of 1.32 and a debt-to-equity ratio of 0.43.

Institutional Trading of Visteon

A number of hedge funds and other institutional investors have recently modified their holdings of VC. American Century Companies Inc. increased its position in shares of Visteon by 20.6% in the first quarter. American Century Companies Inc. now owns 5,135 shares of the company’s stock valued at $561,000 after acquiring an additional 877 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Visteon by 4.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $328,000 after acquiring an additional 117 shares during the last quarter. AlphaCrest Capital Management LLC increased its position in shares of Visteon by 28.4% in the first quarter. AlphaCrest Capital Management LLC now owns 4,003 shares of the company’s stock valued at $437,000 after acquiring an additional 885 shares during the last quarter. Bank of Montreal Can increased its position in shares of Visteon by 11.3% in the first quarter. Bank of Montreal Can now owns 2,774 shares of the company’s stock valued at $311,000 after acquiring an additional 282 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Visteon in the first quarter valued at about $38,000.

About Visteon

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Visteon Corp. engages in the design, engineering, and manufacture of electronics products, automotive vehicles and supplies automotive parts. Its products include Instrument Clusters, Information Displays,Telematics Solutions, Head-Up Displays, Domain Controller and DriveCore Autonomous. The company was founded on January 5, 2000 and is headquartered in Van Buren Township, MI.

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