Brokerages Set Visteon Corporation (NASDAQ:VC) PT at $135.54

Visteon Corporation (NASDAQ:VC) has received an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $135.5385.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Visteon from $130.00 to $129.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $115.00 to $145.00 in a research report on Monday, June 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Visteon in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft dropped their target price on Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Robert W. Baird restated a “neutral” rating and issued a $121.00 price target on shares of Visteon in a research note on Friday, June 26th.

Visteon Price Performance

Shares of NASDAQ VC opened at $100.98 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.67 and a beta of 1.29. The stock’s 50-day moving average is $105.47 and its two-hundred day moving average is $103.69. Visteon has a 1-year low of $83.49 and a 1-year high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $955.78 million. During the same quarter in the previous year, the business posted $2.39 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Analysts forecast that Visteon will post 8.41 EPS for the current fiscal year.

Visteon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Visteon’s dividend payout ratio (DPR) is 19.61%.

Insider Activity at Visteon

In related news, SVP Brett D. Pynnonen sold 5,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,020,360. This represents a 37.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Robert R. Vallance sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total transaction of $119,400.00. Following the completion of the transaction, the senior vice president owned 17,469 shares in the company, valued at $2,085,798.60. This represents a 5.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,000 shares of company stock valued at $952,400. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Visteon

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LP grew its holdings in shares of Visteon by 31.3% during the second quarter. Corient Private Wealth LP now owns 31,283 shares of the company’s stock worth $3,104,000 after purchasing an additional 7,459 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Visteon by 9,536.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,150,910 shares of the company’s stock valued at $312,602,000 after purchasing an additional 3,118,213 shares during the last quarter. Nykredit A S purchased a new stake in shares of Visteon in the 2nd quarter valued at about $119,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Visteon in the 2nd quarter valued at about $2,358,000. Finally, Value Holdings Management CO. LLC purchased a new position in Visteon during the 2nd quarter worth approximately $5,606,000. 99.71% of the stock is currently 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.