Visteon (NASDAQ:VC) Rating Increased to Buy at Wall Street Zen

Visteon (NASDAQ:VC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. upgraded Visteon from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $108.00 to $165.00 in a research note on Monday, June 22nd. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $145.00 in a research note on Monday, June 22nd. Royal Bank Of Canada lifted their price target on shares of Visteon from $117.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, June 26th. UBS Group upped their price target on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, TD Cowen increased their price objective on shares of Visteon from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.54.

Visteon Price Performance

NASDAQ VC opened at $102.45 on Friday. The company has a market capitalization of $2.73 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73. The business’s fifty day moving average is $113.11 and its 200 day moving average is $101.53. Visteon has a fifty-two week low of $83.49 and a fifty-two week high of $129.10.

Visteon (NASDAQ:VC) last issued 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). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The company had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. During the same quarter in the previous year, the company earned $2.47 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that Visteon will post 8.68 earnings per share for the current year.

Insider Activity at Visteon

In other Visteon news, CEO Sachin Lawande sold 38,817 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $113.63, for a total transaction of $4,410,775.71. Following the completion of the sale, the chief executive officer directly owned 193,822 shares of the company’s stock, valued at $22,023,993.86. This trade represents a 16.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the sale, the senior vice president directly owned 389 shares of the company’s stock, valued at approximately $46,275.44. This trade represents a 60.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,901 shares of company stock worth $6,699,220 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

A number of hedge funds and other institutional investors have recently modified their holdings of VC. Dimensional Fund Advisors LP grew its stake in Visteon by 14.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock valued at $127,879,000 after acquiring an additional 175,679 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Visteon by 16.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock valued at $126,902,000 after purchasing an additional 187,347 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Visteon by 8.4% during the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock valued at $119,220,000 after purchasing an additional 97,100 shares during the last quarter. State Street Corp grew its position in shares of Visteon by 3.1% during the second quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after purchasing an additional 33,155 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Visteon by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 844,065 shares of the company’s stock valued at $80,271,000 after purchasing an additional 41,922 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

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.