Visteon Co. (NASDAQ:VC – Get Rating) has been given an average rating of "Hold" by the thirteen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $132.40.
Several research analysts recently weighed in on VC shares. Robert W. Baird upped their target price on shares of Visteon from $131.00 to $142.00 in a report on Friday, July 29th. The Goldman Sachs Group lifted their price target on shares of Visteon from $137.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Visteon from $130.00 to $140.00 in a research note on Friday, July 29th. Exane BNP Paribas raised shares of Visteon from a "neutral" rating to an "outperform" rating in a research note on Monday, July 11th. Finally, TheStreet raised shares of Visteon from a "c+" rating to a "b-" rating in a research note on Monday, August 1st.
Get Visteon alerts:Visteon Trading Down 5.5 %
NASDAQ:VC opened at $109.12 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.75 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $123.40 and a 200 day moving average of $114.40. The firm has a market capitalization of $3.07 billion, a P/E ratio of 37.76 and a beta of 1.78. Visteon has a 52 week low of $88.82 and a 52 week high of $140.44.
Visteon (NASDAQ:VC – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.80. Visteon had a return on equity of 20.53% and a net margin of 2.66%. The firm had revenue of $848.00 million during the quarter, compared to analyst estimates of $716.67 million. During the same quarter in the previous year, the firm earned ($0.32) EPS. Visteon's quarterly revenue was up 39.0% compared to the same quarter last year. On average, research analysts predict that Visteon will post 5.15 earnings per share for the current year.Insider Activity
In related news, CFO Jerome Rouquet sold 1,750 shares of the company's stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $135.00, for a total transaction of $236,250.00. Following the completion of the sale, the chief financial officer now directly owns 4,943 shares in the company, valued at approximately $667,305. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Robert R. Vallance sold 8,471 shares of the company's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $125.25, for a total transaction of $1,060,992.75. Following the transaction, the senior vice president now directly owns 16,868 shares of the company's stock, valued at approximately $2,112,717. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jerome Rouquet sold 1,750 shares of the company's stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $135.00, for a total value of $236,250.00. Following the transaction, the chief financial officer now directly owns 4,943 shares in the company, valued at $667,305. The disclosure for this sale can be found here. Company insiders own 1.80% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC grew its stake in Visteon by 1.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 25,532 shares of the company's stock valued at $2,786,000 after purchasing an additional 487 shares during the last quarter. Fifth Third Bancorp grew its stake in Visteon by 41.5% during the 1st quarter. Fifth Third Bancorp now owns 5,354 shares of the company's stock valued at $584,000 after purchasing an additional 1,571 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Visteon by 14.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 844,381 shares of the company's stock valued at $92,147,000 after purchasing an additional 106,119 shares during the last quarter. Citigroup Inc. grew its stake in Visteon by 43.5% during the 4th quarter. Citigroup Inc. now owns 17,433 shares of the company's stock valued at $1,938,000 after purchasing an additional 5,288 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in Visteon by 49.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 121,170 shares of the company's stock valued at $13,467,000 after purchasing an additional 39,932 shares during the last quarter.
Visteon Company Profile
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Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.
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