Visteon Co. (NASDAQ:VC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Visteon Co. (NASDAQ:VC) has received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $127.57.

A number of brokerages have recently weighed in on VC. Royal Bank of Canada dropped their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday. Morgan Stanley cut their price target on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Wolfe Research started coverage on Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. UBS Group dropped their price objective on Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Robert W. Baird restated a “neutral” rating and issued a $120.00 target price (down from $137.00) on shares of Visteon in a report on Friday, July 12th.

Visteon Stock Performance

Shares of VC stock opened at $92.88 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85. The stock has a market cap of $2.56 billion, a PE ratio of 5.31, a P/E/G ratio of 0.43 and a beta of 1.45. Visteon has a 1 year low of $86.77 and a 1 year high of $136.40. The stock has a fifty day moving average price of $94.49 and a 200 day moving average price of $103.75.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same period in the previous year, the firm earned $2.35 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts forecast that Visteon will post 8.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon 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 transaction, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at $669,039.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

Hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. raised its position in Visteon by 1,459.9% in the second quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after purchasing an additional 489,959 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after buying an additional 137,264 shares during the period. Millennium Management LLC lifted its position in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after acquiring an additional 111,377 shares in the last quarter. Lodge Hill Capital LLC purchased a new position in Visteon in the 2nd quarter worth approximately $11,204,000. Finally, Dimensional Fund Advisors LP grew its position in Visteon by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after acquiring an additional 83,840 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Visteon

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.