Visteon Corp (NYSE:VC) has been given an average rating of “Hold” by the twenty-one research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $137.28.
Several research firms recently issued reports on VC. Wells Fargo & Co downgraded shares of Visteon from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $146.00 to $137.00 in a report on Tuesday, July 17th. Goldman Sachs Group downgraded shares of Visteon from a “buy” rating to a “neutral” rating and set a $142.00 price objective for the company. in a report on Friday, July 13th. Zacks Investment Research downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. Longbow Research set a $145.00 price objective on shares of Visteon and gave the stock a “buy” rating in a report on Thursday, July 26th. Finally, Raymond James reaffirmed a “buy” rating on shares of Visteon in a report on Monday, August 20th.
In other news, CEO Sachin Lawande sold 5,000 shares of the company’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $126.81, for a total value of $634,050.00. Following the sale, the chief executive officer now owns 81,801 shares of the company’s stock, valued at approximately $10,373,184.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert R. Vallance sold 850 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $116.85, for a total transaction of $99,322.50. Following the completion of the sale, the insider now directly owns 4,414 shares in the company, valued at approximately $515,775.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,350 shares of company stock valued at $1,028,373. Corporate insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Moody Aldrich Partners LLC grew its holdings in shares of Visteon by 69.3% in the 2nd quarter. Moody Aldrich Partners LLC now owns 26,917 shares of the auto parts company’s stock worth $3,479,000 after purchasing an additional 11,020 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Visteon by 22.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock worth $320,071,000 after acquiring an additional 449,197 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Visteon by 15.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 93,872 shares of the auto parts company’s stock worth $12,132,000 after acquiring an additional 12,502 shares during the last quarter. Global X Management Co LLC bought a new stake in Visteon during the 2nd quarter worth about $302,000. Finally, Putnam Investments LLC grew its holdings in Visteon by 4.8% during the 2nd quarter. Putnam Investments LLC now owns 64,625 shares of the auto parts company’s stock worth $8,352,000 after acquiring an additional 2,970 shares during the last quarter.
VC stock opened at $103.78 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Visteon has a 12 month low of $100.62 and a 12 month high of $140.64.
Visteon (NYSE:VC) last posted its quarterly earnings data on Thursday, July 26th. The auto parts company reported $1.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.10). The firm had revenue of $758.00 million for the quarter, compared to the consensus estimate of $794.15 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. Visteon’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. analysts anticipate that Visteon will post 6.23 EPS for the current fiscal year.
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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