Zacks Investment Research upgraded shares of Visteon (NYSE:VC) from a hold rating to a buy rating in a research note released on Wednesday, December 27th. Zacks Investment Research currently has $140.00 target price on the auto parts company’s stock.
According to Zacks, “Visteon Corp. operates as an automotive supplier engaged in the design, engineering and manufacturing of innovative climate, electronic, interior and lighting products for vehicle manufacturers. Products offered by the Company includes climate systems, powertrain control systems, engine induction systems, cockpit modules, front and rear lighting systems, engine management systems, and electronic products comprising integrated solutions, audio and infotainment, analog/digital instrument cluster, displays, control panel. Markets served by the Company include original equipment manufacturers and automotive aftermarket. Visteon Corp. is headquartered in Michigan, USA. “
A number of other research analysts have also weighed in on the stock. Citigroup raised their price objective on shares of Visteon from $113.00 to $126.00 and gave the company a neutral rating in a research note on Monday, October 30th. Barclays set a $107.00 price target on shares of Visteon and gave the company a hold rating in a research report on Friday, October 20th. FBR & Co raised their price target on shares of Visteon from $120.00 to $140.00 and gave the company a buy rating in a research report on Friday, October 27th. BMO Capital Markets raised shares of Visteon from a market perform rating to an outperform rating and lifted their price objective for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Finally, UBS Group lifted their price objective on shares of Visteon from $113.00 to $125.00 and gave the stock a neutral rating in a research report on Thursday, October 19th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $132.31.
Shares of Visteon (VC) opened at $138.03 on Wednesday. Visteon has a 12-month low of $86.10 and a 12-month high of $140.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. The firm has a market cap of $4,290.00, a price-to-earnings ratio of 26.39, a PEG ratio of 1.34 and a beta of 0.86.
Visteon (NYSE:VC) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The business had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. During the same period last year, the company posted $1.10 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. research analysts anticipate that Visteon will post 6.23 EPS for the current year.
In other Visteon news, CEO Sachin Lawande sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total value of $315,125.00. Following the completion of the transaction, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,083,399.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 17,004 shares of company stock valued at $2,180,621. 0.19% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Visteon by 2,531.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock worth $102,000 after acquiring an additional 962 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Visteon by 6.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 61 shares during the last quarter. Quantbot Technologies LP raised its holdings in Visteon by 2.8% during the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after buying an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Visteon by 64.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after buying an additional 526 shares during the last quarter. Finally, Riverhead Capital Management LLC bought a new stake in Visteon during the 2nd quarter valued at $153,000.
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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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