Visteon (NASDAQ:VC) Rating Lowered to Hold at Wall Street Zen

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.

Wall Street Zen lowered shares of Visteon (NASDAQ:VC - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Other analysts have also issued reports about the company. Guggenheim raised 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. Cfra Research lowered Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. Bank of America increased their price target on Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. UBS Group reiterated a "buy" rating and set a $146.00 price target (up previously from $142.00) on shares of Visteon in a research report on Friday, July 25th. Finally, Baird R W upgraded Visteon from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $124.54.

Visteon Stock Performance

Visteon stock traded up $2.38 during midday trading on Friday, hitting $127.38. 255,394 shares of the company were exchanged, compared to its average volume of 263,758. The firm has a market capitalization of $3.47 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.87 and a beta of 1.25. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $129.10. The business has a fifty day simple moving average of $118.98 and a two-hundred day simple moving average of $95.97. 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 posted its 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 analyst estimates of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.Visteon's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Visteon will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

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

Insider Activity

In related news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon 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 transaction, the senior vice president owned 6,698 shares in the company, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Francis M. Scricco sold 4,350 shares of Visteon 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 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 disclosure for this sale can be found here. Insiders have sold a total of 13,102 shares of company stock worth $1,538,595 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Visteon

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi raised its holdings in shares of Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company's stock valued at $706,000 after buying an additional 86 shares during the period. KLP Kapitalforvaltning AS raised its holdings in shares of Visteon by 1.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company's stock valued at $550,000 after buying an additional 100 shares during the period. Cardinal Capital Management raised its holdings in shares of Visteon by 0.7% in the 2nd quarter. Cardinal Capital Management now owns 19,998 shares of the company's stock valued at $1,866,000 after buying an additional 139 shares during the period. Orion Porfolio Solutions LLC raised its holdings in shares of Visteon by 2.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company's stock valued at $751,000 after buying an additional 198 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Visteon by 111.5% in 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. Hedge funds and other institutional investors 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.