Analysts Set Visteon Corporation (NASDAQ:VC) PT at $135.15

by · The Markets Daily

Visteon Corporation (NASDAQ:VC – Get Free Report) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $135.1538.

VC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. TD Cowen increased their price target on Visteon from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. UBS Group lifted their price objective on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wells Fargo & Company lowered their price objective on Visteon from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Finally, Morgan Stanley upped their price objective on shares of Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, June 26th.

Check Out Our Latest Analysis on VC

Visteon Price Performance

Visteon stock opened at $104.54 on Friday. The firm has a 50 day moving average price of $110.33 and a 200-day moving average price of $102.37. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. Visteon has a twelve month low of $83.49 and a twelve month high of $129.10. The company has a market capitalization of $2.79 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.67 and a beta of 1.29.

Visteon (NASDAQ:VC – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same period last year, the firm posted $2.39 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts predict that Visteon will post 8.49 EPS for the current year.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 1st. Visteon’s dividend payout ratio is presently 19.61%.

Insider Buying and Selling

In related news, SVP Brett D. Pynnonen sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the sale, the senior vice president owned 8,503 shares of the company’s stock, valued at approximately $1,020,360. This represents a 37.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total transaction of $71,376.00. Following the sale, the senior vice president directly owned 389 shares in the company, valued at $46,275.44. This trade represents a 60.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 8,600 shares of company stock valued at $1,023,776. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SBI Okasan Asset Management Co.Ltd. purchased a new position in Visteon in the fourth quarter worth $1,562,000. Pacer Advisors Inc. lifted its stake in Visteon by 10.1% during the fourth quarter. Pacer Advisors Inc. now owns 141,188 shares of the company’s stock worth $13,427,000 after purchasing an additional 12,998 shares during the last quarter. Vest Financial LLC purchased a new position in shares of Visteon in the 4th quarter worth about $1,422,000. Leuthold Group LLC increased its position in shares of Visteon by 54.7% during the 4th quarter. Leuthold Group LLC now owns 40,502 shares of the company’s stock valued at $3,852,000 after purchasing an additional 14,319 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Visteon by 11.7% during the 4th quarter. Royce & Associates LP now owns 295,611 shares of the company’s stock valued at $28,113,000 after buying an additional 30,897 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Company Profile

(Get Free Report)

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.

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