News articles about Visteon (NYSE:VC) have trended somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Visteon earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 46.0696651635111 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities research analysts have recently issued reports on the stock. Susquehanna Bancshares set a $143.00 price target on shares of Visteon and gave the company a “buy” rating in a research note on Wednesday, March 14th. Morgan Stanley downgraded shares of Visteon from an “overweight” rating to an “underweight” rating and set a $110.00 price target on the stock. in a research note on Thursday. Guggenheim set a $145.00 price target on shares of Visteon and gave the company a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets set a $160.00 price target on shares of Visteon and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research downgraded shares of Visteon from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Visteon has an average rating of “Buy” and an average target price of $137.33.
Shares of VC stock opened at $108.76 on Friday. Visteon has a 52 week low of $91.20 and a 52 week high of $140.64. The firm has a market cap of $3,770.00, a P/E ratio of 8.62, a P/E/G ratio of 1.34 and a beta of 0.88. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.
Visteon (NYSE:VC) last announced its earnings results on Thursday, February 22nd. The auto parts company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.09). Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $797.55 million. During the same period in the previous year, the company earned $1.55 earnings per share. Visteon’s quarterly revenue was down 2.3% on a year-over-year basis. analysts predict that Visteon will post 6.23 earnings per share for the current year.
Visteon announced that its Board of Directors has authorized a stock repurchase program on Tuesday, January 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total transaction of $312,500.00. Following the sale, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at approximately $1,074,375. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 11,539 shares of company stock worth $1,474,051. 0.19% of the stock is owned by insiders.
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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