Visteon (NASDAQ:VC) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Visteon received a "hold (c)" rating from Weiss Ratings, while several other firms have increased their target prices, indicating mixed sentiment among analysts.
• The stock declined by 1.3% on Wednesday, trading at $116.66, with a market cap of $3.18 billion and a PE ratio of 10.28.
• Despite a 4.4% year-over-year revenue decline, Visteon reported $2.39 EPS, exceeding analyst expectations and suggesting resilience in its earnings performance.

Visteon (NASDAQ:VC - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

VC has been the topic of several other research reports. Guggenheim upped their target price on Visteon from $134.00 to $143.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Morgan Stanley upped their target price on Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Wells Fargo & Company increased their price target on shares of Visteon from $145.00 to $151.00 and gave the company an "overweight" rating in a research note on Thursday, September 25th. Cfra Research cut shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. Finally, Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Visteon has an average rating of "Moderate Buy" and a consensus target price of $127.08.

Visteon Stock Down 1.3%

VC traded down $1.49 during trading hours on Wednesday, hitting $116.66. 564,383 shares of the company's stock were exchanged, compared to its average volume of 325,661. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.71 and a beta of 1.22. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The stock's 50-day moving average is $121.54 and its two-hundred day moving average is $99.54. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19.

Visteon (NASDAQ:VC - Get Free Report) last issued 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. The firm had revenue of $969.00 million for the quarter, compared to analysts' expectations of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. Sell-side analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Visteon

In other news, Director Francis M. Scricco sold 4,350 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total value of $524,305.50. Following the transaction, the director owned 2,792 shares in the company, valued at approximately $336,519.76. The trade was a 60.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was 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. This trade represents a 9.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,102 shares of company stock worth $1,338,295. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VC. UMB Bank n.a. raised its holdings in Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after buying an additional 324 shares during the last quarter. Fifth Third Bancorp raised its holdings in Visteon by 111.5% during the second 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. EMC Capital Management bought a new stake in shares of Visteon in the 2nd quarter worth $45,000. GAMMA Investing LLC grew its stake in shares of Visteon by 238.0% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company's stock worth $56,000 after acquiring an additional 426 shares in the last quarter. Finally, CX Institutional purchased a new position in Visteon during the first quarter worth about $63,000. Institutional investors and hedge funds own 99.71% of the company's stock.

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.

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