Visteon Corporation (NASDAQ:VC) Given Consensus 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 earned an average rating of "Moderate Buy" from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $124.5385.

Several equities research analysts have recently commented on VC shares. Wolfe Research raised Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price target on Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Barclays upped their price objective on Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Robert W. Baird set a $144.00 price target on shares of Visteon in a research report on Wednesday, September 3rd. Finally, Wall Street Zen cut shares of Visteon from a "buy" rating to a "hold" rating in a research report on Saturday.

Insider Activity

In related 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 completion of the sale, the senior vice president directly owned 6,698 shares in the company, 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 filing with the SEC, which is available at the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total transaction of $200,300.00. Following the sale, the senior vice president owned 20,838 shares of the company's stock, valued at $2,086,925.70. The trade was a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,102 shares of company stock worth $1,538,595 over the last three months. Corporate insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Visteon

Institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in Visteon by 6.8% during the 1st quarter. New York State Common Retirement Fund now owns 9,117 shares of the company's stock valued at $708,000 after purchasing an additional 584 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Visteon by 12.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock worth $571,000 after purchasing an additional 799 shares during the last quarter. SG Americas Securities LLC acquired a new position in Visteon during the first quarter worth $472,000. Entropy Technologies LP boosted its holdings in Visteon by 169.5% during the first quarter. Entropy Technologies LP now owns 6,505 shares of the company's stock worth $505,000 after purchasing an additional 4,091 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Visteon during the fourth quarter worth $203,000. 99.71% of the stock is owned by institutional investors.

Visteon Stock Performance

VC stock traded down $3.69 during trading on Tuesday, hitting $124.59. The company had a trading volume of 192,287 shares, compared to its average volume of 261,791. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $117.43 and a 200-day moving average price of $94.96. The firm has a market cap of $3.40 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.25.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $2.39 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $943.12 million. During the same quarter in the prior year, the business earned $2.54 earnings per share. The company's quarterly revenue was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. On average, analysts expect that Visteon will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a $0.275 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.10 annualized dividend and a dividend yield of 0.9%. Visteon's dividend payout ratio (DPR) is presently 10.49%.

About Visteon

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.