Royal Bank of Canada Reaffirms “Hold” Rating for Visteon (VC)

Visteon (NYSE:VC)‘s stock had its “hold” rating reiterated by investment analysts at Royal Bank of Canada in a research report issued on Sunday. They presently have a $131.00 price objective on the auto parts company’s stock. Royal Bank of Canada’s price target would suggest a potential downside of 0.64% from the company’s previous close.

Several other equities analysts have also commented on VC. Zacks Investment Research raised Visteon from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Wednesday, September 27th. Jefferies Group started coverage on Visteon in a research report on Thursday, September 28th. They set a “hold” rating and a $135.00 price target on the stock. Robert W. Baird reissued a “buy” rating and set a $143.00 price target on shares of Visteon in a research report on Tuesday, October 17th. UBS Group boosted their price target on Visteon from $113.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Barclays set a $107.00 price target on Visteon and gave the stock a “hold” rating in a research report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Visteon currently has an average rating of “Buy” and an average price target of $131.88.

Visteon (VC) traded down $0.54 during trading on Friday, reaching $131.85. The company had a trading volume of 339,368 shares, compared to its average volume of 226,012. The firm has a market cap of $4,100.00, a price-to-earnings ratio of 25.21, 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 12-month low of $86.10 and a 12-month high of $140.64.

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

Visteon declared that its Board of Directors has initiated a share buyback plan on Tuesday, January 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Visteon news, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total value of $312,500.00. Following the transaction, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at approximately $1,074,375. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 15,000 shares of company stock worth $1,932,325. 0.19% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Visteon by 2,531.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 962 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Visteon by 6.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 61 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Visteon by 2.8% in the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Visteon by 64.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 526 shares during the last quarter. Finally, Riverhead Capital Management LLC bought a new stake in shares of Visteon in the 2nd quarter valued at approximately $153,000.

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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.

Analyst Recommendations for Visteon (NYSE:VC)

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