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

Visteon Co. (NASDAQ:VC) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $130.36.

VC has been the subject of several research analyst reports. Wolfe Research initiated coverage on Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Morgan Stanley decreased their price objective on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. The Goldman Sachs Group decreased their price objective on Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Robert W. Baird reiterated a “neutral” rating and issued a $120.00 price objective (down from $137.00) on shares of Visteon in a research report on Friday, July 12th. Finally, Baird R W lowered Visteon from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th.

Insider Transactions at Visteon

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the sale, the senior vice president now owns 5,988 shares in the company, valued at approximately $669,039.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Visteon by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock valued at $344,520,000 after acquiring an additional 48,457 shares during the period. Victory Capital Management Inc. grew its holdings in Visteon by 10.0% in 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 in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Visteon by 1.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company’s stock valued at $86,234,000 after buying an additional 8,941 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after buying an additional 83,840 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Visteon by 24.4% in the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after buying an additional 111,377 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Visteon stock opened at $95.24 on Tuesday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 5.44, a PEG ratio of 0.47 and a beta of 1.46. Visteon has a 1 year low of $88.37 and a 1 year high of $139.13. The business has a 50-day moving average of $99.49 and a 200-day moving average of $106.70. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last posted 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 during 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%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 EPS. On average, equities analysts anticipate that Visteon will post 8.06 EPS for the current year.

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.