Visteon (NASDAQ:VC) Sets New 1-Year High - Time to Buy?

Key Points

• Visteon Corporation's stock reached a new 52-week high of $128.58, driven by positive market activity and trading volume of 54,572 shares.
• Analysts have mixed views on Visteon, with Robert W. Baird setting a price target of $144.00, while Cfra Research downgraded the stock from "strong-buy" to "moderate buy".
• The company recently reported earnings of $2.39 per share, exceeding estimates, but experienced a 4.4% year-over-year decline in revenue.

Visteon Corporation (NASDAQ:VC - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $128.34 and last traded at $128.58, with a volume of 54572 shares changing hands. The stock had previously closed at $125.13.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VC. Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Wall Street Zen lowered shares of Visteon from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird set a $144.00 price target on shares of Visteon in a report on Wednesday, September 3rd. The Goldman Sachs Group restated a "buy" rating on shares of Visteon in a report on Friday, July 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Visteon from $129.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Visteon has an average rating of "Moderate Buy" and a consensus target price of $124.54.

Visteon Price Performance

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 firm has a market cap of $3.40 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.25. The stock's 50 day simple moving average is $117.43 and its 200-day simple moving average is $94.91.

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

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. Visteon's dividend payout ratio is presently 10.49%.

Insider Transactions at Visteon

In other news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction 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 sale, the director owned 2,792 shares in the company, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 6,698 shares in the company, valued at $770,872.82. The trade was a 9.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,102 shares of company stock worth $1,538,595 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Visteon

A number of hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Visteon by 28.6% during the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company's stock worth $207,364,000 after buying an additional 494,820 shares in the last quarter. Invesco Ltd. boosted its holdings in Visteon by 2.2% during the first quarter. Invesco Ltd. now owns 1,210,198 shares of the company's stock worth $93,936,000 after buying an additional 25,687 shares in the last quarter. State Street Corp boosted its holdings in Visteon by 3.1% during the second quarter. State Street Corp now owns 1,107,091 shares of the company's stock worth $103,292,000 after buying an additional 33,155 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Visteon by 2.1% during the second quarter. Geode Capital Management LLC now owns 699,996 shares of the company's stock worth $65,316,000 after buying an additional 14,662 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Visteon by 40.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 546,099 shares of the company's stock worth $42,389,000 after buying an additional 156,567 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.