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

Key Points

• Analyst sentiment is moderately positive: Ten of 15 analysts rate Visteon a “buy” and five recommend holding the stock, with an average 12-month price target of $135.54 versus its reported opening price of $101.86.
• Visteon reported quarterly EPS of $1.91, missing the $2.21 consensus estimate, while revenue of $960 million slightly exceeded forecasts but declined 0.9% year over year.
• The company declared a quarterly dividend of $0.375 per share, equivalent to $1.50 annually and a 1.5% yield; institutional investors own 99.71% of the outstanding stock.

Visteon Corporation (NASDAQ:VC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $135.5385.

A number of research analysts have issued reports on VC shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Visteon in a report on Wednesday, July 29th. Wall Street Zen lowered Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Wolfe Research cut Visteon from an "outperform" rating to a "peer perform" rating in a report on Tuesday, July 28th. TD Cowen raised their price objective on Visteon from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Visteon from $133.00 to $132.00 and set a "buy" rating for the company in a report on Thursday, July 9th.

Visteon Stock Performance

NASDAQ:VC opened at $101.86 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. Visteon has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The stock has a market cap of $2.72 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.68 and a beta of 1.29. The firm's fifty day simple moving average is $106.03 and its 200-day simple moving average is $103.64.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30). The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. The firm's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business earned $2.39 EPS. Analysts expect that Visteon will post 8.41 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.375 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.5%. Visteon's dividend payout ratio (DPR) is currently 19.61%.

Insider Transactions at Visteon

In related news, SVP Brett D. Pynnonen sold 5,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $120.00, for a total value of $600,000.00. Following the sale, the senior vice president directly owned 8,503 shares of the company's stock, valued at approximately $1,020,360. This represents a 37.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $116.50, for a total transaction of $233,000.00. Following the completion of the sale, the senior vice president directly owned 18,469 shares in the company, valued at approximately $2,151,638.50. The trade was a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,600 shares of company stock valued at $1,023,776 in the last 90 days. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Visteon

Institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in shares of Visteon by 9,536.7% during the 2nd quarter. California State Teachers Retirement System now owns 3,150,910 shares of the company's stock worth $312,602,000 after purchasing an additional 3,118,213 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Visteon during the 2nd quarter worth approximately $31,654,000. First Trust Advisors LP lifted its stake in Visteon by 124.0% in the 1st quarter. First Trust Advisors LP now owns 519,041 shares of the company's stock valued at $47,290,000 after buying an additional 287,359 shares in the last quarter. Boston Partners purchased a new stake in Visteon in the 4th quarter valued at approximately $25,342,000. Finally, Squarepoint Ops LLC purchased a new stake in Visteon in the 4th quarter valued at approximately $22,361,000. 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.

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