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

Visteon Corporation (NASDAQ:VC) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $125.6667.

Several research firms have recently issued reports on VC. UBS Group raised their target price on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wall Street Zen lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Royal Bank Of Canada lowered their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 target price on shares of Visteon in a report on Friday, February 20th. Finally, Wells Fargo & Company raised their target price on shares of Visteon from $125.00 to $139.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd.

Insider Transactions at Visteon

In other news, SVP Seungkyung Kim sold 600 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.96, for a total value of $71,376.00. Following the completion of the sale, the senior vice president owned 389 shares in the company, valued at approximately $46,275.44. This trade represents a 60.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert R. Vallance sold 1,000 shares of Visteon stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total transaction of $119,400.00. Following the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,085,798.60. The trade was a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 58,901 shares of company stock worth $6,699,220. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Visteon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VC. Royal Bank of Canada lifted its holdings in Visteon by 389.3% during the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock valued at $1,707,000 after buying an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Visteon by 31.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after buying an additional 59,764 shares in the last quarter. Amundi lifted its holdings in Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after buying an additional 86 shares in the last quarter. Jump Financial LLC lifted its holdings in Visteon by 43.0% during the 2nd quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock valued at $1,571,000 after buying an additional 5,059 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in Visteon during the 2nd quarter valued at about $1,150,000. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $117.70 on Thursday. Visteon has a 52 week low of $83.49 and a 52 week high of $129.10. The stock has a market capitalization of $3.14 billion, a P/E ratio of 14.34, a PEG ratio of 1.50 and a beta of 1.26. The firm has a fifty day simple moving average of $107.91 and a two-hundred day simple moving average of $100.54. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. During the same period in the previous year, the business earned $2.47 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Visteon will post 8.54 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, June 1st. Visteon’s dividend payout ratio (DPR) is 18.27%.

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.