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

Visteon Corporation (NASDAQ:VC) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $135.5385.

VC has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of Visteon from $117.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. TD Cowen increased their target price on shares of Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, June 29th. Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. UBS Group boosted their price target on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $115.00 to $145.00 in a research report on Monday, June 22nd.

Visteon Price Performance

Shares of NASDAQ:VC opened at $102.45 on Monday. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.77 and a beta of 1.29. 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 has a 12-month low of $83.49 and a 12-month high of $129.10. The business’s 50 day moving average is $113.11 and its 200 day moving average is $101.52.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The company had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 earnings per share. On average, sell-side analysts forecast that Visteon will post 8.68 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, June 1st. Visteon’s payout ratio is presently 18.27%.

Insider Buying and Selling

In related news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction on Monday, June 1st. The stock was sold at an average price of $116.50, for a total transaction of $233,000.00. Following the sale, the senior vice president directly owned 18,469 shares in the company, valued at approximately $2,151,638.50. This trade represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brett D. Pynnonen sold 5,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the transaction, the senior vice president directly owned 8,503 shares in the company, valued at approximately $1,020,360. This represents a 37.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 58,901 shares of company stock valued at $6,699,220 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Several large investors have recently made changes to their positions in the business. First Trust Advisors LP raised its stake in shares of Visteon by 124.0% during the 1st quarter. First Trust Advisors LP now owns 519,041 shares of the company’s stock worth $47,290,000 after purchasing an additional 287,359 shares during the period. Boston Partners bought a new position in Visteon during the fourth quarter valued at about $25,342,000. Squarepoint Ops LLC bought a new position in Visteon during the fourth quarter valued at about $22,361,000. Bank of America Corp DE increased its holdings in Visteon by 130.1% during the first quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock worth $36,108,000 after buying an additional 224,097 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Visteon by 16.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock worth $126,902,000 after buying an additional 187,347 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.