Visteon (VC) Stock Rating Upgraded by Zacks Investment Research

Visteon (NYSE:VC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The brokerage currently has a $141.00 target price on the auto parts company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 3.12% from the stock’s previous close.

According to Zacks, “Visteon Corp. operates as an automotive supplier engaged in the design, engineering and manufacturing of innovative climate, electronic, interior and lighting products for vehicle manufacturers. Products offered by the Company includes climate systems, powertrain control systems, engine induction systems, cockpit modules, front and rear lighting systems, engine management systems, and electronic products comprising integrated solutions, audio and infotainment, analog/digital instrument cluster, displays, control panel. Markets served by the Company include original equipment manufacturers and automotive aftermarket. Visteon Corp. is headquartered in Michigan, USA. “

Other research analysts have also issued reports about the stock. B. Riley reiterated a “buy” rating on shares of Visteon in a research note on Wednesday, November 1st. ValuEngine raised shares of Visteon from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Robert W. Baird reissued a “buy” rating and set a $143.00 price objective on shares of Visteon in a report on Tuesday, October 17th. FBR & Co boosted their price objective on shares of Visteon from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Guggenheim started coverage on shares of Visteon in a report on Wednesday. They set a “buy” rating and a $140.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $127.88.

Shares of Visteon (VC) traded up $3.50 during trading on Friday, hitting $136.74. 252,186 shares of the stock were exchanged, compared to its average volume of 201,602. Visteon has a twelve month low of $81.46 and a twelve month high of $137.13. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $56.21, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86.

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

In other Visteon news, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total value of $315,125.00. Following the sale, the chief executive officer now owns 8,595 shares of the company’s stock, valued at $1,083,399.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 14,504 shares of company stock worth $1,855,621 in the last ninety days. Insiders own 0.19% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Timpani Capital Management LLC lifted its holdings in shares of Visteon by 48.0% in the second quarter. Timpani Capital Management LLC now owns 20,126 shares of the auto parts company’s stock valued at $2,054,000 after purchasing an additional 6,525 shares in the last quarter. AXA purchased a new position in shares of Visteon during the second quarter valued at approximately $531,000. Eagle Asset Management Inc. lifted its stake in shares of Visteon by 3.2% during the third quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock valued at $85,074,000 after buying an additional 20,570 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Visteon during the third quarter valued at approximately $293,000. Finally, Quantbot Technologies LP lifted its stake in shares of Visteon by 426.7% during the third quarter. Quantbot Technologies LP now owns 5,736 shares of the auto parts company’s stock valued at $709,000 after buying an additional 4,647 shares during the period.

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Visteon 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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