Visteon Corp (NYSE:VC):
Visteon and PT Astra Otoparts Tbk Expand Supply of Instrument Clusters and Information Displays to Vietnam.
The company is so far trading down since yesterday’s close of 127.16.
Visteon Corporation, launched on January 5, 2000, is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM) across the world, including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Business’s Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays. The Company designs and manufacturers vehicle cockpit electronics components, modules and systems. The Business’s manufacturing and engineering footprint is principally located outside of the United States..
The company’s P/E ratio is 24.15 and the market cap is 3.93B. In the last earnings report the EPS was $5.23 with 31.10M shares currently outstanding.
Investors are more bullish on Visteon Corp of late if you watch the fall in short interest. The company saw a fall in short interest between September 29, 2017 and October 13, 2017 of -3.13%. Short interest decreased from 848,582 to 821,984 over that period. Days to cover decreased from 4.0 to 4.0 and the percentage of shorted shares is 0.03% as of October 13.
Several investment analysts have provided guidance on Visteon Corp recently. Equity analyst Citigroup raised the price target on October 30 changing the price objective from $113.00 to $126.00 and issued a “Neutral” recommendation. FBR & Co raised the price target on October 27 boosting the projection from $120.00 to $140.00 and issued a “Buy” rating.
Equity analyst Barclays PLC raised the price target of the stock on October 27 changing the forecast from $107.00 to $112.00 and stated a “Equal Weight” rating. Equity analyst Barclays PLC released research on VC stating a rating of “Hold” and setting a price target of $107.00.
October 18 investment analysts at Royal Bank Of Canada maintained a stock rating of “Hold” targeting a price of $126.00. On October 17 Robert W. Baird left the stock rating at “Buy” projecting a price of $143.00.