Media headlines about Visteon (NYSE:VC) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Visteon earned a news impact score of 0.23 on Accern’s scale. Accern also gave press coverage about the auto parts company an impact score of 45.8168303203086 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
VC has been the topic of several research analyst reports. Barclays set a $107.00 price objective on Visteon and gave the company a “hold” rating in a report on Friday, October 20th. Zacks Investment Research lowered Visteon from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. ValuEngine raised Visteon from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $138.00 price target on shares of Visteon in a research note on Wednesday, December 20th. Finally, Guggenheim started coverage on Visteon in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $140.00 price target on the stock. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $134.25.
Visteon (NYSE VC) traded down $1.08 during midday trading on Friday, reaching $118.80. The company’s stock had a trading volume of 434,138 shares, compared to its average volume of 329,078. The firm has a market capitalization of $3,880.00, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.34 and a beta of 0.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. Visteon has a one year low of $89.60 and a one year high of $140.64.
Visteon announced that its board has approved a share buyback plan on Tuesday, January 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
In other Visteon news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $129.26, for a total value of $646,300.00. Following the sale, the chief executive officer now owns 8,595 shares in the company, valued at $1,110,989.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 17,500 shares of company stock worth $2,263,500 in the last 90 days. Company insiders own 0.19% of the company’s stock.
Visteon 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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