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

Shares of Visteon Co. (NASDAQ:VC) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $127.93.

VC has been the topic of a number of recent analyst reports. Robert W. Baird restated a “neutral” rating and set a $120.00 price target (down previously from $137.00) on shares of Visteon in a research note on Friday, July 12th. Citigroup cut their target price on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada lowered their price target on Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Finally, The Goldman Sachs Group reduced their price target on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st.

Visteon Stock Down 0.7 %

Visteon stock opened at $87.61 on Friday. Visteon has a 1-year low of $86.77 and a 1-year high of $136.40. The business has a fifty day moving average price of $94.84 and a 200-day moving average price of $104.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 0.44 and a beta of 1.45.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 earnings per share. Equities research analysts forecast that Visteon will post 8.01 EPS for the current fiscal year.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the transaction, the senior vice president now owns 5,988 shares in the company, valued at approximately $669,039.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visteon

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Visteon during the 1st quarter valued at about $48,000. Mather Group LLC. acquired a new position in Visteon in the 2nd quarter valued at about $59,000. Acadian Asset Management LLC purchased a new stake in Visteon during the second quarter worth about $89,000. Finally, Motco acquired a new stake in shares of Visteon during the first quarter worth about $106,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.