Visteon Co. (NASDAQ:VC) Given Average Rating of “Moderate Buy” by Brokerages

Visteon Co. (NASDAQ:VC) has been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $130.36.

Several equities analysts recently issued reports on VC shares. TD Cowen reduced their price objective on Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $124.00 target price on shares of Visteon in a report on Tuesday, September 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $120.00 target price (down from $137.00) on shares of Visteon in a report on Friday, July 12th. Royal Bank of Canada reduced their price objective on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Finally, Citigroup reduced their price objective on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 12th.

Insider Activity

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the sale, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently added to or reduced their stakes in VC. American Century Companies Inc. grew its stake in shares of Visteon by 1,459.9% in the second quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after acquiring an additional 489,959 shares in the last quarter. Norges Bank bought a new position in Visteon in the 4th quarter valued at approximately $40,092,000. Victory Capital Management Inc. raised its holdings in Visteon by 10.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after buying an additional 137,264 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Visteon by 416.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock valued at $18,619,000 after buying an additional 120,210 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Visteon by 24.4% in the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after buying an additional 111,377 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Stock Down 0.8 %

Shares of NASDAQ:VC opened at $94.52 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. Visteon has a 52-week low of $88.37 and a 52-week high of $142.20. The company has a 50 day moving average of $101.40 and a two-hundred day moving average of $107.58. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.46.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $1.96 by $0.58. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. As a group, analysts forecast that Visteon will post 8.06 earnings per share for the current fiscal year.

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.