Are Visteon (VC) Shares a Sell Now? Goldman Sachs Has Downgraded Stock

July 13, 2018 - By Robert Reynolds

Visteon Corporation (NASDAQ:VC) Logo

Investors sentiment decreased to 0.7 in 2018 Q1. Its down 0.34, from 1.04 in 2017Q4. It fall, as 35 investors sold Visteon Corporation shares while 100 reduced holdings. 43 funds opened positions while 51 raised stakes. 29.00 million shares or 1.27% less from 29.37 million shares in 2017Q4 were reported.

The Ontario – Canada-based Omers Administration Corp has invested 0.06% in Visteon Corporation (NASDAQ:VC). Moreover, Secor Advsrs Limited Partnership has 0.33% invested in Visteon Corporation (NASDAQ:VC) for 36,400 shares. Mckinley Capital Mngmt Ltd Liability Corp Delaware has 131,225 shares. Regions holds 0% or 3 shares. 16,135 were reported by Natixis L P. Water Island Capital Ltd stated it has 4,380 shares. Eagle Advisors Limited Liability holds 26,942 shares or 0.1% of its portfolio. Citadel Limited holds 0% of its portfolio in Visteon Corporation (NASDAQ:VC) for 27,196 shares. State Street Corporation invested in 0% or 500,421 shares. Hsbc Hldg Public Limited Co has 0% invested in Visteon Corporation (NASDAQ:VC) for 6,784 shares. Advisory Svcs Networks Lc, a Georgia-based fund reported 17 shares. Tower Research Cap Limited Liability Company (Trc) reported 0.05% stake. Susquehanna Intl Grp Limited Liability Partnership invested in 20,202 shares or 0% of the stock. Oppenheimer Asset holds 0.01% or 1,931 shares. Highvista Strategies Limited Company invested 0.23% in Visteon Corporation (NASDAQ:VC).

Since February 1, 2018, it had 0 buys, and 5 sales for $2.10 million activity.

Visteon (VC) Receives a Downgrade

The old rating for Visteon (VC) shares of a “Buy” has been discontinued, as research analysts at Goldman Sachs downgraded the current rating for Visteon (VC) shares to a “Neutral”.

The stock decreased 0.49% or $0.65 during the last trading session, reaching $131.47. About 919,977 shares traded or 103.81% up from the average. Visteon Corporation (VC) has risen 28.51% since July 13, 2017 and is uptrending. It has outperformed by 15.94% the S&P500.

Analysts await Visteon Corporation (NASDAQ:VC) to report earnings on July, 26. They expect $1.49 EPS, up 7.97 % or $0.11 from last year’s $1.38 per share. VC’s profit will be $44.02 million for 22.06 P/E if the $1.49 EPS becomes a reality. After $2.08 actual EPS reported by Visteon Corporation for the previous quarter, Wall Street now forecasts -28.37 % negative EPS growth.

Visteon Corporation designs, engineers, and makes electronics products for original equipment vehicle manufacturers worldwide. The company has market cap of $3.88 billion. The firm provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display devices; information displays that integrate a range of user interface technologies and graphics management capabilities; and infotainment systems that allows vehicle occupants to connect their mobile devices to the system and safely access phone functions, listen to music, stream media and enable mobile connectivity applications. It has a 23.36 P/E ratio. It also offers audio systems, including audio head units, amplifiers, and analog and digital radios; telematics control unit to enable secure connected car services, software updates, and data; SmartCore, an automotive-grade, integrated domain controller to enhance efficiency, and reduce power consumption and cost; and head-up displays , such as combiner HUD and windshield HUD that present critical information to the driver.

More news for Visteon Corporation (NASDAQ:VC) were recently published by: Nasdaq.com, which released: “Visteon to Announce Second-Quarter 2018 Results on Thursday, July 26” on July 05, 2018. Streetinsider.com‘s article titled: “Goldman Sachs Downgrades Visteon (VC) to Neutral” and published on July 13, 2018 is yet another important article.

Visteon Corporation (NASDAQ:VC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.