Visteon Corporation (VC) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News coverage about Visteon Corporation (NYSE:VC) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Visteon Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 47.5800646318546 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Visteon Corporation (VC) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Visteon to expand production in Vietnam through JV (seekingalpha.com)
- Financial Survey: Motorcar Parts of America (MPAA) vs. Visteon Corporation (VC) (americanbankingnews.com)
- Visteon and PT Astra Otoparts Tbk Expand Supply of Instrument Clusters and Information Displays to Vietnam – PR Newswire (press release) (prnewswire.com)
- Implied Volatility Surging for Vista Outdoor (VSTO) Stock Options (finance.yahoo.com)
Several research firms have issued reports on VC. B. Riley reissued a “buy” rating on shares of Visteon Corporation in a research note on Wednesday, November 1st. Zacks Investment Research raised Visteon Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Tuesday, October 31st. Citigroup Inc. lifted their price target on Visteon Corporation from $113.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Barclays PLC lifted their price target on Visteon Corporation from $107.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Finally, FBR & Co lifted their price target on Visteon Corporation from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Visteon Corporation currently has an average rating of “Buy” and an average target price of $123.86.
Shares of Visteon Corporation (NYSE:VC) traded up $2.08 during midday trading on Monday, hitting $131.25. The stock had a trading volume of 209,660 shares, compared to its average volume of 309,833. The company has a market cap of $4,017.04, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. Visteon Corporation has a 12 month low of $76.95 and a 12 month high of $132.59.
Visteon Corporation (NYSE:VC) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The company had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. Visteon Corporation’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. sell-side analysts anticipate that Visteon Corporation will post 6.23 earnings per share for the current fiscal year.
In related news, insider Robert R. Vallance sold 1,106 shares of Visteon Corporation stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total transaction of $133,958.72. Following the completion of the transaction, the insider now owns 4,086 shares in the company, valued at $494,896.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sachin Lawande sold 2,500 shares of Visteon Corporation stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $126.05, for a total value of $315,125.00. Following the transaction, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,083,399.75. The disclosure for this sale can be found here. Insiders have sold 7,481 shares of company stock valued at $913,870 in the last quarter. 0.19% of the stock is currently owned by corporate insiders.
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Visteon Corporation Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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