Equities analysts expect that Visteon Corp (NYSE:VC) will post $803.36 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Visteon’s earnings. The lowest sales estimate is $795.00 million and the highest is $811.10 million. Visteon reported sales of $816.00 million in the same quarter last year, which indicates a negative year over year growth rate of 1.5%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Visteon will report full-year sales of $803.36 million for the current year, with estimates ranging from $3.14 billion to $3.17 billion. For the next year, analysts forecast that the firm will post sales of $3.26 billion per share, with estimates ranging from $3.24 billion to $3.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Visteon.
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Visteon from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $142.00 to $137.00 in a research report on Monday, January 22nd. Citigroup increased their target price on shares of Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Visteon from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, December 27th. Longbow Research assumed coverage on shares of Visteon in a research report on Friday, January 5th. They issued a “buy” rating and a $160.00 target price for the company. Finally, B. Riley reiterated a “buy” rating on shares of Visteon in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Visteon presently has a consensus rating of “Buy” and an average price target of $134.25.
A number of large investors have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new position in Visteon in the 4th quarter valued at $534,000. Aperio Group LLC grew its stake in Visteon by 5.7% in the 4th quarter. Aperio Group LLC now owns 12,623 shares of the auto parts company’s stock valued at $1,580,000 after buying an additional 679 shares during the last quarter. Victory Capital Management Inc. grew its stake in Visteon by 136.3% in the 4th quarter. Victory Capital Management Inc. now owns 417,742 shares of the auto parts company’s stock valued at $52,276,000 after buying an additional 240,980 shares during the last quarter. Parametrica Management Ltd acquired a new position in Visteon in the 4th quarter valued at $303,000. Finally, Moody Aldrich Partners LLC grew its stake in Visteon by 23.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 12,414 shares of the auto parts company’s stock valued at $1,553,000 after buying an additional 2,344 shares during the last quarter.
Shares of Visteon (NYSE VC) opened at $123.93 on Friday. Visteon has a 12-month low of $88.29 and a 12-month high of $140.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. The stock has a market cap of $3,730.00, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85.
Visteon declared that its board has authorized a share repurchase plan on Tuesday, January 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.
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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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