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

Key Points

• Visteon Corporation (NASDAQ:VC) received a "Moderate Buy" rating from analysts, with an average target price of $116.00.
• Recent transactions by insiders revealed significant stock sales, indicating a 9.60% decrease in positions for senior vice president Robert R. Vallance.
• The company reported a 2.39 EPS for the recent quarter, exceeding estimates, but also experienced a 4.4% decline in revenue compared to the same quarter last year.

Shares of Visteon Corporation (NASDAQ:VC - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $116.00.

VC has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Cfra Research lowered shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 24th. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a research report on Wednesday, July 2nd. Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $96.00 to $125.00 in a research note on Friday, July 11th. Finally, Barclays lifted their target price on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the transaction, the senior vice president owned 18,838 shares in the company, valued at $2,260,560. The trade was a 9.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the transaction, the senior vice president owned 6,698 shares of the company's stock, valued at $770,872.82. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,710 shares of company stock worth $522,014. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC acquired a new position in Visteon during the 2nd quarter worth approximately $355,000. California State Teachers Retirement System boosted its holdings in shares of Visteon by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 25,519 shares of the company's stock valued at $2,381,000 after buying an additional 209 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Visteon in the 2nd quarter valued at $440,000. Albar Capital Partners LLP acquired a new position in shares of Visteon in the 2nd quarter valued at $4,712,000. Finally, State Street Corp boosted its holdings in shares of Visteon by 3.1% in the 2nd quarter. State Street Corp now owns 1,107,091 shares of the company's stock valued at $103,292,000 after buying an additional 33,155 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Down 1.5%

VC opened at $121.61 on Friday. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $123.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The company has a fifty day moving average of $104.15 and a two-hundred day moving average of $89.10. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 4.77 and a beta of 1.22.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The business had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. During the same quarter last year, the business earned $2.54 earnings per share. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, research analysts expect that Visteon will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 18th.

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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