Visteon (NASDAQ:VC) Sets New 1-Year High - Here's Why

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) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $128.34 and last traded at $128.58, with a volume of 54572 shares trading hands. The stock had previously closed at $125.13.

Analyst Upgrades and Downgrades

Several research firms have commented on VC. Robert W. Baird set a $144.00 price objective on Visteon in a research report on Wednesday. Cfra Research lowered Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. Morgan Stanley lifted their target price on Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Visteon has a consensus rating of "Moderate Buy" and a consensus price target of $117.58.

Visteon Trading Up 2.9%

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 stock has a market cap of $3.51 billion, a PE ratio of 12.27, a PEG ratio of 4.83 and a beta of 1.25. The stock's fifty day moving average price is $114.79 and its 200 day moving average price is $93.66.

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

Visteon Announces Dividend

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

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president directly owned 18,838 shares of the company's stock, valued at $2,260,560. The trade was a 9.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Francis M. Scricco sold 4,350 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the sale, the director directly owned 2,792 shares of the company's stock, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,102 shares of company stock worth $1,538,595. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently bought and sold shares of VC. UMB Bank n.a. raised its stake in shares of 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 period. Fifth Third Bancorp increased its stake in Visteon by 111.5% during the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company's stock valued at $36,000 after buying an additional 204 shares during the period. Parallel Advisors LLC lifted its position in shares of Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares in the last quarter. EMC Capital Management acquired a new stake in shares of Visteon in the second quarter worth $45,000. Finally, GAMMA Investing LLC lifted its position in 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 in the last quarter. Hedge funds and other institutional investors 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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