Royal Bank Of Canada Issues Positive Forecast for Visteon (NASDAQ:VC) Stock Price

Visteon (NASDAQ:VC) had its target price upped by Royal Bank Of Canada from $100.00 to $102.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently commented on VC. Zacks Research cut Visteon from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd. Wells Fargo & Company lowered their price objective on shares of Visteon from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Barclays decreased their price target on Visteon from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. TD Cowen cut their price objective on Visteon from $135.00 to $131.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Finally, UBS Group decreased their target price on Visteon from $107.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Visteon Stock Up 4.0%

Shares of NASDAQ:VC opened at $82.27 on Friday. The company has a market capitalization of $2.03 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.75 and a beta of 1.26. The company has a quick ratio of 1.27, a current ratio of 1.61 and a debt-to-equity ratio of 0.21. Visteon has a 52-week low of $69.89 and a 52-week high of $126.95. The stock’s fifty day simple moving average is $86.56 and its 200-day simple moving average is $99.02.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 22nd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($2.09). Visteon had a return on equity of 11.36% and a net margin of 4.15%. The business had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $936.38 million. During the same quarter last year, the company posted $2.15 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Visteon will post 6.58 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.3750 dividend. This represents a $1.50 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 1st. Visteon’s dividend payout ratio is presently 25.86%.

Institutional Investors Weigh In On Visteon

A number of large investors have recently bought and sold shares of VC. Dimensional Fund Advisors LP increased its holdings in shares of Visteon by 14.3% during the 1st 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 during the last quarter. First Trust Advisors LP boosted its holdings in Visteon by 34.9% during the third quarter. First Trust Advisors LP now owns 1,007,641 shares of the company’s stock valued at $87,342,000 after acquiring an additional 260,439 shares during the period. Bank of America Corp DE grew its position in shares of Visteon by 130.1% in the first quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock valued at $36,108,000 after purchasing an additional 224,097 shares during the last quarter. Systematic Financial Management LP grew its position in shares of Visteon by 13.4% in the first quarter. Systematic Financial Management LP now owns 322,677 shares of the company’s stock valued at $29,399,000 after purchasing an additional 38,119 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Visteon in the second quarter worth about $31,654,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Company Profile

Visteon Corporation is a global automotive technology supplier focused on electronics and software for vehicle cockpits. Its products include digital instrument clusters, infotainment systems, automotive displays, and integrated cockpit computing platforms that bring multiple vehicle functions together. The company also develops connected-car and software solutions for automakers, supporting digital interfaces and information systems in vehicles. Its customers include automakers around the world, and Visteon serves markets across multiple regions.