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

Shares of Visteon Corporation (NASDAQ:VC) have been given an average rating of “Moderate Buy” by the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $122.3333.

Several research firms have recently issued reports on VC. Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a research report on Friday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of Visteon from $118.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, March 9th. Wolfe Research cut shares of Visteon from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Royal Bank Of Canada dropped their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, The Goldman Sachs Group set a $120.00 price target on shares of Visteon in a report on Thursday, January 15th.

Insider Buying and Selling

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total value of $4,620,888.32. Following the completion of the sale, the chief executive officer owned 175,527 shares of the company’s stock, valued at approximately $16,401,242.88. This trade represents a 21.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 170 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Visteon in the third quarter worth approximately $30,000. USA Financial Formulas purchased a new position in shares of Visteon during the third quarter valued at approximately $44,000. Plato Investment Management Ltd purchased a new position in shares of Visteon during the third quarter valued at approximately $48,000. Finally, UMB Bank n.a. lifted its position in Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after purchasing an additional 123 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Performance

Visteon stock opened at $87.83 on Friday. Visteon has a twelve month low of $65.10 and a twelve month high of $129.10. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.36 billion, a P/E ratio of 9.31, a PEG ratio of 1.07 and a beta of 1.15. The stock’s 50 day moving average is $93.93 and its 200 day moving average is $103.13.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The business had revenue of $948.00 million during the quarter, compared to analysts’ expectations of $920.25 million. During the same quarter in the previous year, the business earned $4.44 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Visteon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a $0.375 dividend. This is a boost from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.50 annualized dividend and a yield of 1.7%. Visteon’s payout ratio is currently 15.91%.

About Visteon

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.