Visteon Corporation (NASDAQ:VC) Receives $133.08 Consensus Target Price from Analysts

Shares of Visteon Corporation (NASDAQ:VC) have been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $133.0769.

Several equities research analysts have recently issued reports on VC shares. Guggenheim raised their price objective on shares of Visteon from $134.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Robert W. Baird set a $141.00 price target on shares of Visteon in a research report on Friday, October 24th. Zacks Research downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Bank of America increased their target price on shares of Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Wells Fargo & Company lowered their price target on Visteon from $151.00 to $148.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th.

Insider Buying and Selling

In related news, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $19,311,480.54. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Visteon

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi increased its stake in Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after acquiring an additional 86 shares during the period. Orion Porfolio Solutions LLC grew its stake in shares of Visteon by 1.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after purchasing an additional 97 shares during the period. KLP Kapitalforvaltning AS grew its stake in shares of Visteon by 1.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock valued at $550,000 after purchasing an additional 100 shares during the period. Cardinal Capital Management raised its holdings in shares of Visteon by 0.7% in the 2nd quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock worth $1,866,000 after buying an additional 139 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Visteon by 2.0% during the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock worth $965,000 after buying an additional 155 shares during the period. 99.71% of the stock is owned by institutional investors.

Visteon Trading Down 0.3%

Visteon stock opened at $99.86 on Thursday. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. The firm has a market capitalization of $2.73 billion, a PE ratio of 8.97, a PEG ratio of 2.37 and a beta of 1.14. The business’s 50-day simple moving average is $105.24 and its 200-day simple moving average is $109.60.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.08. The firm had revenue of $917.00 million during the quarter, compared to the consensus estimate of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.26 EPS. Equities research analysts forecast that Visteon will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. Visteon’s payout ratio is currently 9.88%.

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.