Visteon (NASDAQ:VC) Rating Lowered to “Hold” at Wall Street Zen

Visteon (NASDAQ:VC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research firms have also issued reports on VC. Cfra Research lowered shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company increased their price objective on shares of Visteon from $129.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 9th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 price objective for the company in a research report on Wednesday, July 2nd. Morgan Stanley increased their price objective on shares of Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Finally, Bank of America increased their price objective on shares of Visteon from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

Visteon Stock Performance

Shares of VC stock opened at $124.59 on Friday. Visteon has a one year low of $65.10 and a one year high of $129.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The company has a 50 day moving average price of $117.43 and a 200 day moving average price of $95.01. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 2.86 and a beta of 1.25.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same quarter in the prior year, the business posted $2.54 earnings per share. Visteon’s revenue for the quarter was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Visteon will post 8.42 EPS for the current year.

Insider Buying and Selling at Visteon

In other Visteon news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director directly owned 2,792 shares in the company, valued at $336,519.76. This represents a 60.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total transaction of $200,300.00. Following the transaction, the senior vice president owned 20,838 shares in the company, valued at $2,086,925.70. This trade represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,102 shares of company stock worth $1,538,595 in the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. New York State Common Retirement Fund lifted its position in shares of Visteon by 6.8% in the 1st quarter. New York State Common Retirement Fund now owns 9,117 shares of the company’s stock worth $708,000 after buying an additional 584 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Visteon by 12.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company’s stock worth $571,000 after buying an additional 799 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Visteon in the 1st quarter worth about $472,000. Entropy Technologies LP lifted its position in shares of Visteon by 169.5% in the 1st quarter. Entropy Technologies LP now owns 6,505 shares of the company’s stock worth $505,000 after buying an additional 4,091 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Visteon in the 4th quarter worth about $203,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.