Visteon Corporation (NASDAQ:VC) Receives $132.18 Average PT from Analysts

Visteon Corporation (NASDAQ:VC) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $132.1818.

VC has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Wells Fargo & Company dropped their price target 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. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. reduced their price objective on Visteon from $170.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. Finally, Wolfe Research downgraded Visteon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 28th.

Visteon Trading Up 1.1%

Shares of NASDAQ VC opened at $93.03 on Friday. Visteon has a one year low of $83.49 and a one year high of $126.95. The firm has a market capitalization of $2.48 billion, a PE ratio of 12.16, a PEG ratio of 0.60 and a beta of 1.30. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $102.58 and a two-hundred day moving average price of $103.80.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. Visteon’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.39 EPS. As a group, analysts predict that Visteon will post 8.38 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.50 annualized dividend and a dividend yield of 1.6%. Visteon’s payout ratio is presently 19.61%.

Institutional Investors Weigh In On Visteon

Several institutional investors and hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its position in Visteon by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock valued at $509,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Visteon by 3.1% during the first quarter. State of Michigan Retirement System now owns 6,607 shares of the company’s stock worth $602,000 after buying an additional 200 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Visteon by 58.7% during the second quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after buying an additional 215 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Visteon by 54.8% in the fourth quarter. Hantz Financial Services Inc. now owns 655 shares of the company’s stock valued at $62,000 after acquiring an additional 232 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Visteon by 4.4% in the fourth quarter. ProShare Advisors LLC now owns 6,117 shares of the company’s stock valued at $582,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Visteon

Visteon Corporation (NASDAQ:VC) is a global automotive technology company that develops and supplies electronic products and software for vehicle manufacturers. Its solutions are designed to support the transition toward connected, digital and software-defined vehicles.

The company’s product portfolio includes digital instrument clusters, vehicle information displays, infotainment systems, cockpit domain controllers and connected-car technologies. Visteon also develops battery-management systems and other electronics used in electric and hybrid vehicles, as well as climate-control and thermal-management electronics for automotive applications.

Visteon was established in 2000 after being spun off from Ford Motor Company and is headquartered in Van Buren Township, Michigan.