Wall Street Zen Downgrades Visteon (NASDAQ:VC) to Hold

Key Points

• Visteon has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a significant change in analyst outlook for the company.
• Analysts have varied opinions on Visteon, with target prices ranging from $104 to $144, resulting in a consensus rating of "Moderate Buy" and a target price of $124.54.
• The company reported earnings of $2.39 per share for the last quarter, exceeding estimates, though its revenue declined 4.4% year-over-year.

Visteon (NASDAQ:VC - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Cfra Research lowered shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. Bank of America boosted their price objective on shares of Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird set a $144.00 price objective on shares of Visteon in a report on Wednesday, September 3rd. Finally, Barclays lifted their target price on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.54.

Visteon Price Performance

VC stock opened at $124.59 on Friday. The firm has a 50 day moving average price of $117.43 and a 200-day moving average price of $94.91. Visteon has a 52-week low of $65.10 and a 52-week high of $129.10. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 2.94 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87.

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

Insider Activity

In other news, Director Francis M. Scricco sold 4,350 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the sale, the director owned 2,792 shares of the company's stock, valued at $336,519.76. The trade was a 60.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the sale, the senior vice president directly owned 6,698 shares of the company's stock, valued at approximately $770,872.82. The trade was a 9.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,102 shares of company stock valued at $1,538,595 in the last 90 days. Company insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Visteon

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

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