Visteon Corporation (NASDAQ:VC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Visteon Corporation (NASDAQ:VC) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $133.0769.

VC has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Visteon from $151.00 to $148.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. UBS Group reduced their target price on Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, October 24th. JPMorgan Chase & Co. increased their price target on Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Morgan Stanley lifted their price objective on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Finally, Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st.

Insider Buying and Selling

In other news, CEO Sachin Lawande sold 595 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the transaction, the chief executive officer owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of Visteon by 389.3% in the first quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock valued at $1,707,000 after purchasing an additional 17,497 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Visteon by 31.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock worth $19,371,000 after buying an additional 59,764 shares during the period. Voya Investment Management LLC grew its position in shares of Visteon by 166.7% during the 1st quarter. Voya Investment Management LLC now owns 45,539 shares of the company’s stock worth $3,535,000 after buying an additional 28,465 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Visteon by 315.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,997 shares of the company’s stock worth $186,000 after buying an additional 1,516 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Visteon during the second quarter valued at $263,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Trading Down 2.2%

VC stock opened at $101.89 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The business has a 50 day simple moving average of $101.47 and a two-hundred day simple moving average of $110.72. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 9.15 and a beta of 1.15.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The firm had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $945.41 million. During the same quarter last year, the business posted $2.26 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Research analysts anticipate that Visteon will post 8.42 EPS for the current fiscal year.

Visteon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.10 annualized dividend and a yield of 1.1%. Visteon’s dividend payout ratio (DPR) is 9.88%.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.