Visteon Corporation (VC) Price Target Increased to $126.00 by Analysts at Citigroup Inc.
Visteon Corporation (NYSE:VC) had its target price hoisted by research analysts at Citigroup Inc. from $113.00 to $126.00 in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the auto parts company’s stock. Citigroup Inc.’s price target suggests a potential downside of 0.15% from the stock’s current price.
VC has been the topic of several other research reports. Zacks Investment Research upgraded shares of Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Thursday, July 13th. Gabelli downgraded shares of 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. UBS AG downgraded shares of Visteon Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $108.00 to $113.00 in a report on Monday, July 31st. Barclays PLC lifted their target price on shares of Visteon Corporation from $107.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, BMO Capital Markets upgraded shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $115.00 in a report on Friday, September 22nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $123.71.
Shares of Visteon Corporation (NYSE VC) traded down 1.05% during mid-day trading on Monday, reaching $124.87. The company had a trading volume of 116,587 shares. Visteon Corporation has a 52-week low of $67.36 and a 52-week high of $128.39. The stock has a market capitalization of $3.89 billion, a P/E ratio of 30.18 and a beta of 0.84. The company’s 50-day moving average is $123.28 and its 200 day moving average is $109.22.
Visteon Corporation (NYSE:VC) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.17. Visteon Corporation had a net margin of 4.83% and a return on equity of 29.13%. The business had revenue of $765.00 million during the quarter, compared to analyst estimates of $761.95 million. During the same quarter in the previous year, the business earned $1.10 EPS. Visteon Corporation’s quarterly revenue was down .6% compared to the same quarter last year. Analysts anticipate that Visteon Corporation will post $6.16 EPS for the current fiscal year.
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In other news, insider Matthew M. Cole sold 1,359 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total transaction of $155,184.21. Following the transaction, the insider now owns 693 shares in the company, valued at approximately $79,133.67. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Stephanie S. Marianos sold 512 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $119.74, for a total transaction of $61,306.88. Following the transaction, the vice president now owns 431 shares in the company, valued at approximately $51,607.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,375 shares of company stock worth $864,312. Insiders own 0.19% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Visteon Corporation by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 2,649,549 shares of the auto parts company’s stock worth $259,523,000 after purchasing an additional 55,541 shares during the period. Standard Life Investments LTD increased its holdings in shares of Visteon Corporation by 6.6% during the 2nd quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock worth $206,278,000 after purchasing an additional 124,361 shares during the period. BlackRock Inc. increased its holdings in shares of Visteon Corporation by 7,509.9% during the 1st quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock worth $134,341,000 after purchasing an additional 1,353,504 shares during the period. Janus Henderson Group PLC bought a new position in shares of Visteon Corporation during the 2nd quarter worth about $78,611,000. Finally, First Eagle Investment Management LLC increased its holdings in shares of Visteon Corporation by 11.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 683,115 shares of the auto parts company’s stock worth $69,719,000 after purchasing an additional 69,160 shares during the period.
Visteon Corporation Company Profile
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.
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