Visteon Corp Hits New 12-Month High After Insider Buying Activity (VC)
Visteon Corp (NYSE:VC) hit a new 52-week high during trading on Wednesday following insider buying activity, Analyst Ratings.Net reports. The company traded as high as $95.12 and last traded at $94.92, with a volume of 416,593 shares trading hands. The stock had previously closed at $93.42.
Specifically, Director Francis M. Scricco bought 3,200 shares of Visteon Corp stock in a transaction dated Friday, June 13th. The shares were purchased at an average cost of $92.49 per share, with a total value of $295,968.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on VC shares. Analysts at Gabelli initiated coverage on shares of Visteon Corp in a research note on Wednesday, June 4th. They set a “buy” rating and a $112.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Visteon Corp in a research note on Wednesday, May 14th. They now have a $109.00 price target on the stock, up previously from $103.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Visteon Corp in a research note on Thursday, April 10th. They now have a $102.00 price target on the stock, up previously from $93.00. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Visteon Corp presently has a consensus rating of “Buy” and an average target price of $97.53.
The stock’s 50-day moving average is $91.37 and its 200-day moving average is $85.26. The company has a market cap of $4.596 billion and a P/E ratio of 7.38.
Visteon Corp (NYSE:VC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.29. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Visteon Corp will post $2.97 EPS for the current fiscal year.
Visteon Corporation (NYSE:VC) is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers (OEM), including BMW, Chrysler, Daimler, Ford, General Motors, Honda, Hyundai, Kia, Nissan, PSA Peugeot Citroen, Renault, Toyota and Volkswagen.
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