Visteon Corporation (NASDAQ:VC) Receives $135.15 Consensus Price Target from Brokerages

Shares of Visteon Corporation (NASDAQ:VCGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $135.1538.

A number of research analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Visteon in a research note on Wednesday, July 29th. Morgan Stanley lifted their price objective on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. TD Cowen raised their price target on shares of Visteon from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Royal Bank Of Canada cut their target price on Visteon from $130.00 to $129.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Finally, Wall Street Zen cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Read Our Latest Analysis on Visteon

Insider Activity

In other Visteon news, SVP Seungkyung Kim sold 600 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.96, for a total transaction of $71,376.00. Following the completion of the sale, the senior vice president directly owned 389 shares of the company’s stock, valued at approximately $46,275.44. The trade was a 60.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Brett D. Pynnonen sold 5,000 shares of Visteon stock in a transaction on Friday, June 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,000.00. Following the sale, the senior vice president directly owned 8,503 shares of the company’s stock, valued at $1,020,360. This represents a 37.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,600 shares of company stock valued at $1,023,776. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Visteon by 389.3% in the first quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after purchasing an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Visteon by 31.5% in the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after buying an additional 59,764 shares during the last quarter. Amundi raised its stake in Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after acquiring an additional 86 shares during the period. Jump Financial LLC lifted its stake in shares of Visteon by 43.0% during the 2nd quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock worth $1,571,000 after buying an additional 5,059 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Visteon during the second quarter worth approximately $1,150,000. 99.71% of the stock is owned by institutional investors.

Visteon Price Performance

VC opened at $105.40 on Friday. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.67 and a beta of 1.29. The stock has a fifty day moving average price of $109.95 and a 200 day moving average price of $102.46. Visteon has a 1 year low of $83.49 and a 1 year high of $129.10. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VCGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%.The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.39 EPS. Analysts forecast that Visteon will post 8.49 EPS for the current fiscal year.

Visteon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.4%. Visteon’s dividend payout ratio is currently 19.61%.

About Visteon

(Get Free Report)

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.

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Analyst Recommendations for Visteon (NASDAQ:VC)

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