Visteon Corporation (NYSE:VC) had its price objective upped by investment analysts at Barclays PLC from $107.00 to $112.00 in a note issued to investors on Friday, October 27th. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Barclays PLC’s target price would indicate a potential downside of 11.78% from the company’s previous close.
VC has been the topic of a number of other reports. Zacks Investment Research raised Visteon Corporation from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research note on Wednesday, September 27th. BidaskClub raised Visteon Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Gabelli downgraded Visteon Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. UBS AG boosted their price objective on Visteon Corporation from $113.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, FBR & Co boosted their price objective on Visteon Corporation from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $123.86.
Shares of Visteon Corporation (NYSE:VC) opened at $126.96 on Friday. Visteon Corporation has a 1 year low of $68.82 and a 1 year high of $128.39. The company has a market capitalization of $3,948.31, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97.
Visteon Corporation (NYSE:VC) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The business had revenue of $765.00 million during the quarter, compared to analyst estimates of $761.95 million. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. equities analysts predict that Visteon Corporation will post 6.23 earnings per share for the current fiscal year.
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In other news, VP Stephanie S. Marianos sold 512 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $119.74, for a total value of $61,306.88. Following the completion of the sale, the vice president now directly owns 431 shares of the company’s stock, valued at $51,607.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert R. Vallance sold 1,106 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total value of $133,958.72. Following the transaction, the insider now owns 4,086 shares in the company, valued at approximately $494,896.32. The disclosure for this sale can be found here. Insiders have sold 7,481 shares of company stock valued at $913,870 over the last ninety days. 0.19% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of VC. Comerica Bank acquired a new stake in shares of Visteon Corporation in the 1st quarter valued at $232,000. UBS Asset Management Americas Inc. boosted its holdings in shares of Visteon Corporation by 16.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 30,013 shares of the auto parts company’s stock valued at $2,940,000 after acquiring an additional 4,183 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Visteon Corporation by 9.5% during the 1st quarter. Legal & General Group Plc now owns 49,463 shares of the auto parts company’s stock valued at $4,846,000 after acquiring an additional 4,284 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Visteon Corporation by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 2,649,549 shares of the auto parts company’s stock valued at $259,523,000 after acquiring an additional 55,541 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Visteon Corporation by 6.0% during the 1st quarter. Geode Capital Management LLC now owns 247,339 shares of the auto parts company’s stock valued at $24,226,000 after acquiring an additional 13,946 shares in the last quarter.
Visteon Corporation Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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