Visteon (VC) Now Covered by Longbow Research

Equities research analysts at Longbow Research assumed coverage on shares of Visteon (NYSE:VC) in a research note issued on Friday. The brokerage set a “buy” rating and a $160.00 price target on the auto parts company’s stock. Longbow Research’s price target indicates a potential upside of 17.65% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Citigroup increased their target price on shares of Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Visteon from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, December 27th. B. Riley reissued a “buy” rating on shares of Visteon in a report on Wednesday, November 1st. Barclays increased their target price on shares of Visteon from $107.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Finally, BMO Capital Markets raised shares of Visteon from a “market perform” rating to an “outperform” rating and increased 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 thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $127.81.

Shares of Visteon (NYSE VC) traded up $2.75 during mid-day trading on Friday, hitting $136.00. 32,545 shares of the stock traded hands, compared to its average volume of 201,602. The stock has a market capitalization of $55.90, a P/E ratio of 26.00, a PEG ratio of 1.34 and a beta of 0.86. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. Visteon has a fifty-two week low of $81.46 and a fifty-two week high of $136.26.

Visteon (NYSE:VC) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.17. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm had revenue of $765.00 million for the quarter, compared to the consensus estimate of $761.95 million. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s revenue was down .6% compared to the same quarter last year. research analysts forecast that Visteon will post 6.23 EPS for the current fiscal year.

In other news, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total transaction of $315,125.00. Following the completion of the transaction, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,083,399.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 14,504 shares of company stock valued at $1,855,621. Insiders own 0.19% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in shares of Visteon by 2,531.6% in 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 period. The Manufacturers Life Insurance Company boosted its stake in Visteon by 6.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after buying an additional 61 shares in the last quarter. Quantbot Technologies LP boosted its stake in Visteon by 2.8% during the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after buying an additional 30 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Visteon by 64.6% during the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock worth $137,000 after buying an additional 526 shares in the last quarter. Finally, Riverhead Capital Management LLC acquired a new stake in Visteon during the second quarter worth $153,000.

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About Visteon

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 (NYSE:VC)

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