Visteon Corporation (NASDAQ:VC) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Visteon holds a “Moderate Buy” consensus rating from 13 analysts, with eight buy ratings and five holds. The average 12-month price target is $126.82, although several firms recently reduced their targets.
• Shares opened at $86.53, near the company’s 52-week low of $83.49, while recent quarterly EPS of $1.91 missed the $2.21 consensus estimate. Revenue of $960 million slightly exceeded expectations but declined 0.9% year over year.
• Visteon declared a quarterly dividend of $0.375 per share, equivalent to a 1.7% annual yield, and institutional investors own approximately 99.71% of the company’s stock.

Visteon Corporation (NASDAQ:VC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $126.82.

VC has been the topic of a number of recent research reports. Barclays cut their price objective on Visteon from $145.00 to $125.00 and set an "overweight" rating on the stock in a research report on Friday. UBS Group reduced their price objective on Visteon from $130.00 to $107.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. Wall Street Zen lowered Visteon from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Robert W. Baird reissued a "neutral" rating and set a $121.00 target price on shares of Visteon in a research note on Friday, June 26th. Finally, The Goldman Sachs Group cut their price target on Visteon from $126.00 to $104.00 and set a "buy" rating on the stock in a report on Tuesday, October 6th.

Visteon Stock Performance

NASDAQ VC opened at $86.53 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The company has a market cap of $2.31 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.55 and a beta of 1.30. The stock has a 50-day moving average of $97.84 and a two-hundred day moving average of $103.73. Visteon has a 1-year low of $83.49 and a 1-year high of $126.95.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%. The business had revenue of $960.00 million for the quarter, compared to analyst estimates of $955.78 million. During the same period in the prior year, the company posted $2.39 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts anticipate that Visteon will post 8.34 EPS for the current year.

Visteon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.3750 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Visteon's dividend payout ratio (DPR) is 19.61%.

Institutional Investors Weigh In On Visteon

A number of institutional investors and hedge funds have recently bought and sold shares of VC. Farther Finance Advisors LLC grew its holdings in shares of Visteon by 7.0% during the third quarter. Farther Finance Advisors LLC now owns 2,354 shares of the company's stock worth $204,000 after purchasing an additional 155 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Visteon by 24.6% during the third quarter. Versant Capital Management Inc now owns 724 shares of the company's stock worth $63,000 after purchasing an additional 143 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Visteon by 32.7% during the second quarter. QRG Capital Management Inc. now owns 10,743 shares of the company's stock worth $1,066,000 after purchasing an additional 2,648 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Visteon in the 2nd quarter valued at about $201,000. Finally, WINTON GROUP Ltd lifted its holdings in shares of Visteon by 63.4% in the 2nd quarter. WINTON GROUP Ltd now owns 23,460 shares of the company's stock valued at $2,327,000 after purchasing an additional 9,106 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Visteon

Visteon Corporation NASDAQ: VC is a global automotive technology company that develops electronic systems and software for vehicle manufacturers. Its products are designed to support the digital cockpit, vehicle connectivity, electrification and advanced driver-assistance functions.

The company's offerings include cockpit domain controllers, infotainment systems, instrument clusters, vehicle displays, telematics and connectivity solutions, climate-control electronics, and battery-management and power-conversion systems for electrified vehicles.

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