Visteon (NASDAQ:VC) Price Target Raised to $138.00

Visteon (NASDAQ:VC) had its price objective raised by Royal Bank Of Canada from $136.00 to $138.00 in a research report report published on Friday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Cfra Research lowered shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research report on Wednesday, October 8th. Bank of America upped their price target on Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group set a $150.00 price target on Visteon and gave the company a “buy” rating in a research note on Thursday. Finally, Guggenheim lifted their price objective on Visteon from $134.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and an average target price of $132.23.

Visteon Stock Performance

Shares of VC stock opened at $107.82 on Friday. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 2.56 and a beta of 1.22. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $121.04 and its 200-day moving average price is $103.10. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $945.41 million. During the same quarter last year, the business earned $2.26 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. Equities research analysts forecast that Visteon will post 8.42 EPS for the current year.

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon’s payout ratio is currently 9.88%.

Insider Activity

In related news, Director Francis M. Scricco sold 4,350 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the sale, the director owned 2,792 shares of the company’s stock, valued at $336,519.76. This trade represents a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president directly owned 18,838 shares in the company, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,392 shares of company stock worth $1,256,581. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Visteon

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in shares of Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after purchasing an additional 204 shares during the period. USA Financial Formulas bought a new stake in Visteon in the 3rd quarter valued at about $44,000. EMC Capital Management acquired a new position in Visteon during the 2nd quarter worth approximately $45,000. GAMMA Investing LLC boosted its holdings in Visteon by 238.0% in the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $56,000 after acquiring an additional 426 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Visteon by 33.5% in the first quarter. Signaturefd LLC now owns 913 shares of the company’s stock valued at $71,000 after acquiring an additional 229 shares during the period. 99.71% of the stock is owned by institutional investors.

About Visteon

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.