Visteon Corporation (NASDAQ:VC) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Eight of 13 analysts recommend buying Visteon, while five rate it a hold. The average 12-month price target is $132.18, well above the reported $94.61 share price.
• Recent earnings fell short of expectations: Visteon reported quarterly EPS of $1.91 versus the $2.21 consensus estimate, while revenue of $960 million slightly exceeded forecasts but declined 0.9% year over year.
• Institutional ownership remains substantial: Hedge funds and other institutional investors own 99.71% of the stock. Visteon also pays a quarterly dividend of $0.375 per share, representing a 1.6% yield and a 19.61% payout ratio.

Shares of Visteon Corporation (NASDAQ:VC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirteen research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $132.1818.

Several research analysts have issued reports on VC shares. Wells Fargo & Company cut their price objective on Visteon from $137.00 to $134.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Wolfe Research cut shares of Visteon from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, July 28th. Royal Bank Of Canada lowered their target price on shares of Visteon from $130.00 to $129.00 and set an "outperform" rating on the stock in a research report on Friday, July 24th. Robert W. Baird reiterated a "neutral" rating and set a $121.00 price target on shares of Visteon in a research report on Friday, June 26th. Finally, Wall Street Zen cut Visteon from a "buy" rating to a "hold" rating in a report on Sunday, July 12th.

Hedge Funds Weigh In On Visteon

Hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its holdings in shares of Visteon by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company's stock valued at $509,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System lifted its stake in Visteon by 3.1% in the 1st quarter. State of Michigan Retirement System now owns 6,607 shares of the company's stock valued at $602,000 after buying an additional 200 shares in the last quarter. Versant Capital Management Inc grew its holdings in Visteon by 58.7% during the 2nd quarter. Versant Capital Management Inc now owns 581 shares of the company's stock valued at $58,000 after buying an additional 215 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Visteon by 54.8% in the fourth quarter. Hantz Financial Services Inc. now owns 655 shares of the company's stock valued at $62,000 after acquiring an additional 232 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Visteon by 4.4% during the fourth quarter. ProShare Advisors LLC now owns 6,117 shares of the company's stock valued at $582,000 after acquiring an additional 256 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Price Performance

Shares of NASDAQ:VC opened at $94.61 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.53 billion, a P/E ratio of 12.37, a PEG ratio of 0.64 and a beta of 1.30. Visteon has a 52 week low of $83.49 and a 52 week high of $127.61. The company has a 50-day moving average price of $103.30 and a 200 day moving average price of $103.74.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.21 by ($0.30). The business had revenue of $960.00 million for the quarter, compared to analysts' expectations of $955.78 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%.The business's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $2.39 earnings per share. Research analysts predict that Visteon will post 8.38 earnings per share for the current year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 1st. Visteon's payout ratio is 19.61%.

About Visteon

Visteon Corporation NASDAQ: VC is a global automotive technology company that develops and supplies electronic products and software for vehicle manufacturers. Its solutions are designed to support the transition toward connected, digital and software-defined vehicles.

The company's product portfolio includes digital instrument clusters, vehicle information displays, infotainment systems, cockpit domain controllers and connected-car technologies. Visteon also develops battery-management systems and other electronics used in electric and hybrid vehicles, as well as climate-control and thermal-management electronics for automotive applications.

Visteon was established in 2000 after being spun off from Ford Motor Company and is headquartered in Van Buren Township, Michigan.

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