Visteon Co. (NASDAQ:VC) Short Interest Update

Visteon Co. (NASDAQ:VC) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 734,200 shares, a growth of 17.4% from the February 13th total of 625,200 shares. Approximately 2.8% of the company’s shares are sold short. Based on an average daily volume of 328,400 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

VC has been the subject of a number of recent research reports. TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective for the company. Royal Bank of Canada decreased their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Morgan Stanley decreased their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Barclays cut their price target on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Finally, Wells Fargo & Company upped their price target on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Hedge Funds Weigh In On Visteon

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its position in shares of Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC lifted its position in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after acquiring an additional 263 shares in the last quarter. KBC Group NV lifted its position in Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after acquiring an additional 247 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after acquiring an additional 1,061 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after acquiring an additional 754 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

VC stock opened at $80.65 on Wednesday. The stock has a market capitalization of $2.18 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The company’s 50-day moving average is $84.56 and its 200-day moving average is $89.38. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon has a 1 year low of $75.75 and a 1 year high of $119.16.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. The company had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Equities research analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.