Shares of Visteon Corporation (NYSE:VC) have been assigned an average recommendation of “Buy” from the fifteen ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $113.00.

VC has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on shares of Visteon Corporation in a research note on Monday, April 24th. They issued an “equal weight” rating and a $103.00 target price for the company. FBR & Co restated a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Visteon Corporation in a research note on Monday, April 24th. Zacks Investment Research cut shares of Visteon Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 27th. Barclays PLC set a $89.00 target price on shares of Visteon Corporation and gave the stock a “hold” rating in a research note on Sunday, April 30th. Finally, BMO Capital Markets reduced their target price on shares of Visteon Corporation from $104.00 to $95.00 and set a “market perform” rating for the company in a research note on Wednesday, May 3rd.

In related news, insider Sunil K. Bilolikar sold 2,394 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.93, for a total value of $265,566.42. Following the completion of the sale, the insider now owns 300 shares in the company, valued at $33,279. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in VC. BlackRock Inc. boosted its stake in shares of Visteon Corporation by 7,509.9% in the first quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock valued at $134,341,000 after buying an additional 1,353,504 shares during the period. Eagle Asset Management Inc. bought a new stake in shares of Visteon Corporation during the first quarter valued at approximately $46,713,000. Janus Capital Management LLC increased its position in Visteon Corporation by 1,987.7% in the first quarter. Janus Capital Management LLC now owns 459,296 shares of the auto parts company’s stock valued at $44,988,000 after buying an additional 437,296 shares during the period. Systematic Financial Management LP increased its position in Visteon Corporation by 100.7% in the first quarter. Systematic Financial Management LP now owns 764,142 shares of the auto parts company’s stock valued at $74,848,000 after buying an additional 383,398 shares during the period. Finally, OppenheimerFunds Inc. increased its position in Visteon Corporation by 49.0% in the first quarter. OppenheimerFunds Inc. now owns 774,691 shares of the auto parts company’s stock valued at $75,881,000 after buying an additional 254,832 shares during the period.

Visteon Corporation (NYSE:VC) opened at 113.82 on Friday. The firm has a market cap of $3.55 billion, a P/E ratio of 27.51 and a beta of 0.91. Visteon Corporation has a 12 month low of $64.95 and a 12 month high of $116.78. The firm has a 50 day moving average of $107.07 and a 200-day moving average of $99.12.

Visteon Corporation (NYSE:VC) last released its earnings results on Thursday, July 27th. The auto parts company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. The company had revenue of $774 million during the quarter, compared to analysts’ expectations of $770.96 million. During the same quarter last year, the business earned $1.22 EPS. The business’s revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that Visteon Corporation will post $6.11 earnings per share for the current year.

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About Visteon Corporation

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

Analyst Recommendations for Visteon Corporation (NYSE:VC)

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