Visteon Corp (NYSE:VC) – Analysts at Jefferies Financial Group dropped their Q2 2019 earnings per share (EPS) estimates for Visteon in a research note issued to investors on Monday, April 29th, according to Zacks Investment Research. Jefferies Financial Group analyst D. Kelley now expects that the auto parts company will post earnings of $0.34 per share for the quarter, down from their previous forecast of $1.22. Jefferies Financial Group currently has a “Hold” rating and a $62.00 target price on the stock. Jefferies Financial Group also issued estimates for Visteon’s Q3 2019 earnings at $0.98 EPS, FY2019 earnings at $3.24 EPS and FY2020 earnings at $6.06 EPS.
Other equities research analysts have also recently issued reports about the company. TheStreet upgraded Visteon from a “c” rating to a “b-” rating in a research note on Thursday, March 7th. Longbow Research set a $110.00 price objective on Visteon and gave the stock a “buy” rating in a report on Friday, February 22nd. UBS Group decreased their price objective on Visteon from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, April 1st. B. Riley lowered Visteon from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $75.00 in a report on Thursday, April 25th. Finally, Robert W. Baird raised Visteon from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $87.00 to $108.00 in a report on Tuesday, April 23rd. Two investment 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $96.06.
Visteon (NYSE:VC) last issued its quarterly earnings data on Thursday, April 25th. The auto parts company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.58). The business had revenue of $737.00 million during the quarter, compared to analyst estimates of $713.99 million. During the same quarter in the previous year, the business posted $2.08 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in Visteon by 12.0% in the first quarter. Janus Henderson Group PLC now owns 2,931,012 shares of the auto parts company’s stock valued at $197,404,000 after purchasing an additional 313,059 shares during the last quarter. Iridian Asset Management LLC CT lifted its position in Visteon by 4.2% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,365,431 shares of the auto parts company’s stock valued at $142,588,000 after purchasing an additional 94,781 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Visteon by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 809,360 shares of the auto parts company’s stock valued at $48,790,000 after purchasing an additional 36,129 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Visteon by 6.4% in the first quarter. Artisan Partners Limited Partnership now owns 676,480 shares of the auto parts company’s stock valued at $45,561,000 after purchasing an additional 40,940 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Visteon by 23.5% in the first quarter. Goldman Sachs Group Inc. now owns 672,249 shares of the auto parts company’s stock valued at $45,276,000 after purchasing an additional 127,971 shares during the last quarter.
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.
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