Visteon Corporation (NASDAQ:VC) Receives Average Rating of “Moderate Buy” from Analysts

Visteon Corporation (NASDAQ:VC) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $128.6923.

VC has been the subject of several recent research reports. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. Wells Fargo & Company reduced their target price on shares of Visteon from $151.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. UBS Group lowered their price target on shares of Visteon from $142.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday. Zacks Research lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada increased their target price on shares of Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, October 24th.

Visteon Trading Down 3.9%

NASDAQ VC opened at $93.69 on Monday. Visteon has a one year low of $65.10 and a one year high of $129.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.42 and a beta of 1.15. The company’s 50-day simple moving average is $100.65 and its two-hundred day simple moving average is $110.62.

Visteon (NASDAQ:VC) last released 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. The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $2.26 earnings per share. Equities analysts forecast that Visteon will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Sachin Lawande sold 595 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $19,311,480.54. This represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visteon

Hedge funds have recently modified their holdings of the stock. Amundi boosted its stake in Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after purchasing an additional 86 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Visteon by 1.2% in the third quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock worth $976,000 after buying an additional 97 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of Visteon by 1.7% during the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock worth $550,000 after buying an additional 100 shares during the period. Cardinal Capital Management grew its holdings in shares of Visteon by 0.7% during the second quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock valued at $1,866,000 after buying an additional 139 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Visteon by 2.0% during the third quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock valued at $965,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.