Visteon Corporation (NASDAQ:VC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Visteon Corporation (NASDAQ:VC - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $106.25.

A number of research firms have commented on VC. Robert W. Baird raised 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 report on Friday, July 11th. Wells Fargo & Company lifted their target price on Visteon from $101.00 to $106.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Guggenheim lowered their target price on Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley lowered their target price on Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Finally, Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a research report on Wednesday, July 2nd.

Visteon Stock Down 0.9%

Shares of VC opened at $109.44 on Monday. The firm has a market cap of $2.98 billion, a P/E ratio of 10.26 and a beta of 1.21. The stock has a 50 day simple moving average of $93.04 and a two-hundred day simple moving average of $85.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50. Visteon has a 1 year low of $65.10 and a 1 year high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.70. The company had revenue of $934.00 million during the quarter, compared to analysts' expectations of $906.38 million. Visteon had a return on equity of 24.95% and a net margin of 7.68%. Visteon's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. On average, analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Activity

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the sale, the senior vice president directly owned 20,838 shares of the company's stock, valued at approximately $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Visteon

Hedge funds have recently bought and sold shares of the business. UMB Bank n.a. raised its holdings in Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after acquiring an additional 324 shares during the last quarter. Fifth Third Bancorp increased its holdings 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 buying an additional 204 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after buying an additional 408 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after buying an additional 347 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Visteon by 238.0% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company's stock worth $56,000 after buying an additional 426 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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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