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

Key Points

• Analysts rate Visteon “Moderate Buy” overall: Eight of 13 covering firms recommend buying, four recommend holding and one recommends selling. The average 12-month price target is $117.82.
• Quarterly results were mixed: Visteon reported EPS of $0.19, missing the $2.28 consensus estimate, while revenue of $970 million topped expectations and rose 5.8% year over year.
• Some analysts have lowered their targets: JPMorgan cut its target to $135, Wells Fargo to $134 and UBS to $96, while keeping their respective overweight or buy ratings.

Visteon Corporation (NASDAQ:VC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $117.82.

Several research analysts have recently commented on the company. Robert W. Baird set a $95.00 price objective on Visteon in a research note on Friday, October 23rd. JPMorgan Chase & Co. cut their price objective on Visteon from $145.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, October 23rd. Wells Fargo & Company reduced their target price on shares of Visteon from $137.00 to $134.00 and set an "overweight" rating for the company in a report on Friday, July 24th. Wolfe Research lowered shares of Visteon from an "outperform" rating to a "peer perform" rating in a report on Tuesday, July 28th. Finally, UBS Group decreased their target price on shares of Visteon from $107.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of Visteon by 14.6% during the third quarter. Russell Investments Group Ltd. now owns 39,572 shares of the company's stock worth $3,431,000 after purchasing an additional 5,032 shares in the last quarter. Fulcrum Asset Management LLP raised its stake in Visteon by 754.0% during the 3rd quarter. Fulcrum Asset Management LLP now owns 427 shares of the company's stock valued at $37,000 after purchasing an additional 377 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Visteon in the 3rd quarter worth approximately $418,000. Signaturefd LLC lifted its holdings in Visteon by 21.5% in the 3rd quarter. Signaturefd LLC now owns 2,127 shares of the company's stock worth $184,000 after purchasing an additional 376 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Visteon by 4.4% in the 3rd quarter. Inspire Investing LLC now owns 7,238 shares of the company's stock worth $627,000 after purchasing an additional 307 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Trading Down 2.3%

NASDAQ:VC opened at $75.68 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.61 and a quick ratio of 1.27. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.72 and a beta of 1.26. Visteon has a one year low of $69.89 and a one year high of $126.95. The business has a fifty day moving average price of $88.74 and a 200-day moving average price of $99.34.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $2.28 by ($2.09). Visteon had a return on equity of 11.36% and a net margin of 4.15%. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $936.38 million. During the same period in the prior year, the business posted $2.15 earnings per share. Visteon's revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that Visteon will post 6.58 EPS for the current year.

Visteon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.3750 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.0%. Visteon's dividend payout ratio is 25.86%.

About Visteon

Visteon Corporation NASDAQ: VC is a global automotive technology company that develops and supplies electronic systems for vehicle manufacturers. Its products are designed to support the digital, connected and increasingly electrified vehicle, with a focus on improving the driving experience, vehicle functionality and energy efficiency.

The company's product portfolio includes digital instrument clusters, displays, infotainment systems, connected-car technologies, cockpit domain controllers, climate-control electronics and other vehicle control systems.

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