Visteon (NASDAQ:VC) Earns “Neutral” Rating from Robert W. Baird

Visteon (NASDAQ:VC)‘s stock had its “neutral” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued on Friday,Benzinga reports. They presently have a $121.00 target price on the stock. Robert W. Baird’s price target points to a potential upside of 8.52% from the company’s current price.

A number of other research analysts have also issued reports on VC. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $145.00 in a research report on Monday. JPMorgan Chase & Co. upgraded Visteon from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $108.00 to $165.00 in a research note on Monday. The Goldman Sachs Group increased their price target on Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Visteon in a report on Monday. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.75.

Visteon Trading Down 5.6%

Shares of Visteon stock opened at $111.50 on Friday. The firm has a 50-day moving average of $112.83 and a 200-day moving average of $101.61. The stock has a market cap of $2.98 billion, a PE ratio of 13.58, a PEG ratio of 1.48 and a beta of 1.26. Visteon has a 52-week low of $83.49 and a 52-week high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73.

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). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. During the same period in the prior year, the business posted $2.47 earnings per share. Visteon’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Visteon will post 8.58 EPS for the current year.

Insiders Place Their Bets

In other Visteon news, CAO Colleen Elizabeth Myers sold 475 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total transaction of $52,687.00. Following the completion of the transaction, the chief accounting officer directly owned 241 shares in the company, valued at $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Seungkyung Kim sold 600 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total value of $71,376.00. Following the sale, the senior vice president owned 389 shares of the company’s stock, valued at $46,275.44. The trade was a 60.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,901 shares of company stock valued at $6,699,220 over the last three months. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Visteon

Several large investors have recently bought and sold shares of VC. Bank of America Corp DE raised its stake 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 acquiring an additional 224,097 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Visteon by 355.9% during the 1st quarter. Edgestream Partners L.P. now owns 16,452 shares of the company’s stock valued at $1,499,000 after purchasing an additional 12,843 shares during the last quarter. Amundi grew its holdings in shares of Visteon by 54.4% during the 1st quarter. Amundi now owns 8,178 shares of the company’s stock valued at $745,000 after purchasing an additional 2,880 shares during the last quarter. California State Teachers Retirement System increased its position in Visteon by 25.5% during the 1st quarter. California State Teachers Retirement System now owns 32,697 shares of the company’s stock worth $2,979,000 after purchasing an additional 6,653 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Visteon by 103.2% in the first quarter. Royal Bank of Canada now owns 45,410 shares of the company’s stock valued at $4,137,000 after buying an additional 23,066 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.