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

Key Points

• Visteon Corporation has received an average rating of "Moderate Buy" from thirteen brokers, with a price target averaging $117.58.
• Recent insider transactions reveal significant stock sales by senior executives, with a notable 60.91% decrease in ownership by a director and total insider sales of 13,102 shares over the last three months.
• Visteon reported earnings of $2.39 per share for the last quarter, surpassing analyst expectations, though the revenue decreased by 4.4% compared to the same period last year.

Shares of Visteon Corporation (NASDAQ:VC - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $117.5833.

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Visteon from a "hold" rating to a "buy" rating in a research report on Sunday, August 24th. Robert W. Baird set a $144.00 price objective on Visteon in a research report on Wednesday, September 3rd. Wolfe Research raised shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target for the company in a report on Wednesday, July 2nd. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Finally, UBS Group reissued a "buy" rating and issued a $146.00 price objective (up previously from $142.00) on shares of Visteon in a research note on Friday, July 25th.

Insider Transactions at Visteon

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares of the company's stock, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Francis M. Scricco sold 4,350 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the transaction, the director directly owned 2,792 shares of the company's stock, valued at $336,519.76. This trade represents a 60.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,102 shares of company stock valued at $1,538,595. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visteon

Several institutional investors and hedge funds have recently bought and sold shares of VC. Amundi lifted its position in Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company's stock valued at $706,000 after purchasing an additional 86 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of Visteon by 1.7% in the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company's stock worth $550,000 after acquiring an additional 100 shares during the period. Cardinal Capital Management raised its position in shares of Visteon by 0.7% during the 2nd quarter. Cardinal Capital Management now owns 19,998 shares of the company's stock worth $1,866,000 after purchasing an additional 139 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Visteon by 2.5% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company's stock worth $751,000 after purchasing an additional 198 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Visteon by 111.5% during the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after purchasing an additional 204 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Trading Up 2.9%

NASDAQ:VC opened at $128.76 on Tuesday. Visteon has a one year low of $65.10 and a one year high of $129.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 4.83 and a beta of 1.25. The business has a fifty day moving average price of $115.50 and a 200-day moving average price of $93.94.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.35. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The business had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same quarter in the prior year, the business posted $2.54 EPS. Visteon's revenue for the quarter was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Visteon will post 8.42 EPS for the current year.

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. Visteon's dividend payout ratio (DPR) is 10.49%.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.

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