Visteon Corporation (NYSE:VC) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Friday.

The analysts wrote, “We also believe the combination of higher-margin products being booked and continued internal initiatives to drive profit enhancement sets the company up well to reach the 14% EBITDA margin goal,”

VC has been the subject of several other reports. Morgan Stanley lowered their price target on Visteon Corporation from $115.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, June 9th. BidaskClub upgraded Visteon Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Gabelli downgraded Visteon Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Barclays PLC restated an “equal weight” rating and issued a $98.00 price target (up from $97.00) on shares of Visteon Corporation in a report on Wednesday, August 2nd. Finally, Wells Fargo & Company upgraded Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Visteon Corporation has an average rating of “Buy” and an average price target of $113.00.

Shares of Visteon Corporation (VC) traded up 1.54% during midday trading on Friday, hitting $125.46. 199,665 shares of the company’s stock traded hands. Visteon Corporation has a 52 week low of $64.95 and a 52 week high of $125.48. The company has a 50 day moving average of $114.64 and a 200 day moving average of $103.69. The stock has a market cap of $3.91 billion, a P/E ratio of 30.33 and a beta of 0.81.

Visteon Corporation (NYSE:VC) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.14. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. The company had revenue of $774.00 million during the quarter, compared to the consensus estimate of $770.96 million. During the same period in the prior year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts forecast that Visteon Corporation will post $6.11 EPS for the current fiscal year.

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In other news, insider Robert R. Vallance sold 1,106 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total transaction of $133,958.72. Following the completion of the transaction, the insider now directly owns 4,086 shares of the company’s stock, valued at $494,896.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephanie S. Marianos sold 512 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $119.74, for a total value of $61,306.88. Following the transaction, the vice president now directly owns 431 shares of the company’s stock, valued at $51,607.94. The disclosure for this sale can be found here. Insiders have sold 5,371 shares of company stock valued at $616,016 over the last ninety days. 0.19% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in Visteon Corporation by 2,531.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 962 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Visteon Corporation by 6.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 61 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in Visteon Corporation by 47.9% during the first quarter. Independent Portfolio Consultants Inc. now owns 1,080 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 350 shares during the last quarter. Quantbot Technologies LP boosted its position in Visteon Corporation by 2.8% during the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 30 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its position in Visteon Corporation by 62.5% during the first quarter. Picton Mahoney Asset Management now owns 1,300 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 500 shares during the last quarter.

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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