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

Visteon Corporation (NASDAQ:VC) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $133.0769.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. JPMorgan Chase & Co. raised their target price on Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Morgan Stanley upped their price target on Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Zacks Research cut Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Barclays set a $130.00 price objective on shares of Visteon in a report on Monday, October 27th.

Visteon Stock Down 1.7%

NASDAQ VC opened at $98.17 on Thursday. The business’s fifty day simple moving average is $104.96 and its 200-day simple moving average is $109.90. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.68 billion, a PE ratio of 8.82 and a beta of 1.14. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10.

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, topping the consensus estimate of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The firm had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $945.41 million. During the same period last year, the business earned $2.26 earnings per share. Visteon’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Visteon’s payout ratio is 9.88%.

Insider Activity at Visteon

In related news, CEO Sachin Lawande sold 595 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the transaction, the chief executive officer owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new position in shares of Visteon during the third quarter worth $351,000. Coldstream Capital Management Inc. acquired a new position in Visteon during the 3rd quarter worth about $216,000. Danske Bank A S acquired a new position in Visteon during the 3rd quarter worth about $842,000. Advisory Services Network LLC boosted its holdings in Visteon by 15.1% during the 3rd quarter. Advisory Services Network LLC now owns 3,282 shares of the company’s stock valued at $393,000 after acquiring an additional 431 shares during the period. Finally, Castleark Management LLC acquired a new position in Visteon in the 3rd quarter valued at about $5,859,000. Hedge funds and other institutional investors 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.