Visteon (NASDAQ:VC) Upgraded to "Buy" at Wall Street Zen

Key Points

• Visteon has been upgraded by Wall Street Zen from a "hold" rating to a "buy" rating, reflecting increased confidence in the company's future performance.
• Following recent reports, analysts have varied views on Visteon, with ten analysts giving a "buy" rating and price targets ranging from $104.00 to $131.00.
• In its latest quarterly earnings report, Visteon reported a net margin of 7.61% and revenue of $969 million, surpassing analysts' expectations but still reflecting a 4.4% decline compared to the previous year.

Visteon (NASDAQ:VC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Robert W. Baird upgraded 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 report on Friday, July 11th. Finally, Cfra Research downgraded shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.00.

Visteon Trading Up 3.8%

Shares of Visteon stock opened at $125.38 on Friday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 4.84 and a beta of 1.22. 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 has a 12-month low of $65.10 and a 12-month high of $125.68. The firm's 50-day moving average price is $108.12 and its two-hundred day moving average price is $90.71.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $943.12 million. During the same period last year, the company posted $2.54 EPS. The firm's quarterly revenue was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. On average, analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 value of $240,000.00. Following the transaction, the senior vice president owned 18,838 shares in the company, valued at approximately $2,260,560. The trade was a 9.60% 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 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 completion of the transaction, the senior vice president owned 6,698 shares in the company, valued at $770,872.82. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,752 shares of company stock worth $1,014,289 in the last ninety days. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its position in shares of Visteon by 111.5% in the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after purchasing an additional 204 shares during the period. UMB Bank n.a. lifted its position in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after purchasing an additional 324 shares during the period. Parallel Advisors LLC lifted its position in shares of Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares during the period. EMC Capital Management acquired a new position in shares of Visteon in the 2nd quarter worth approximately $45,000. Finally, GAMMA Investing LLC lifted its position 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 purchasing an additional 426 shares during the period. 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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