Visteon Co. (NASDAQ:VC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Visteon Co. (NASDAQ:VC) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $130.36.

VC has been the topic of several analyst reports. Robert W. Baird reissued a “neutral” rating and set a $120.00 target price (down from $137.00) on shares of Visteon in a report on Friday, July 12th. Royal Bank of Canada reduced their target price on Visteon from $144.00 to $129.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. The Goldman Sachs Group reduced their price objective on Visteon from $161.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. Finally, Wolfe Research assumed coverage on Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock.

Visteon Stock Performance

Shares of NASDAQ VC opened at $95.24 on Tuesday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 0.47 and a beta of 1.46. Visteon has a one year low of $88.37 and a one year high of $139.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. The stock’s fifty day moving average price is $99.49 and its two-hundred day moving average price is $106.70.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.58. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. On average, equities analysts forecast that Visteon will post 8.06 EPS for the current year.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the transaction, the senior vice president now directly owns 5,988 shares in the company, valued at $669,039.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares during the last quarter. Signaturefd LLC raised its position in shares of Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Visteon during the first quarter worth about $48,000. Quadrant Capital Group LLC increased its holdings in Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after purchasing an additional 178 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in Visteon in the second quarter worth approximately $59,000. 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.