Visteon Corporation (NASDAQ:VC) Receives $124.42 Average Target Price from Analysts

Visteon Corporation (NASDAQ:VC) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $124.4167.

Several brokerages have commented on VC. Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Morgan Stanley set a $115.00 price target on shares of Visteon in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a research report on Friday, February 20th. Wall Street Zen lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st.

Insiders Place Their Bets

In related news, CEO Sachin Lawande sold 38,817 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $113.63, for a total value of $4,410,775.71. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of the stock in a transaction 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. This trade represents a 66.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 99,754 shares of company stock worth $10,296,332 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its position in Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Visteon during the 3rd quarter worth $30,000. Plato Investment Management Ltd purchased a new position in Visteon during the 3rd quarter worth $48,000. UMB Bank n.a. grew its position in Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after purchasing an additional 177 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Stock Performance

Shares of VC stock opened at $105.00 on Friday. The firm’s 50 day moving average price is $98.45 and its 200-day moving average price is $99.10. 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 has a one year low of $81.18 and a one year high of $129.10. The firm has a market cap of $2.80 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.36 and a beta of 1.26.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $901.33 million. During the same quarter in the prior year, the company posted $2.47 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that Visteon will post 8.54 EPS for the current year.

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st. Visteon’s dividend payout ratio (DPR) is presently 18.27%.

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.