Visteon (NASDAQ:VC) Lowered to “Peer Perform” Rating by Wolfe Research

Visteon (NASDAQ:VC) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report released on Monday, Marketbeat reports.

A number of other brokerages have also commented on VC. Wells Fargo & Company decreased their price objective on Visteon from $151.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research lowered Visteon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Royal Bank Of Canada raised their price objective on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, Morgan Stanley upped their target price on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $133.08.

Visteon Stock Performance

VC opened at $101.89 on Monday. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 9.15 and a beta of 1.15. The company’s fifty day moving average price is $101.47 and its two-hundred day moving average price is $110.72. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $945.41 million. During the same period in the previous year, the firm posted $2.26 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Insider Activity

In other news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the sale, the chief executive officer directly owned 175,527 shares in the company, valued at $19,311,480.54. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Visteon

A number of large investors have recently added to or reduced their stakes in VC. Royal Bank of Canada boosted its stake in Visteon by 389.3% in the first quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock valued at $1,707,000 after acquiring an additional 17,497 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Visteon by 31.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock worth $19,371,000 after purchasing an additional 59,764 shares during the period. Voya Investment Management LLC raised its holdings in shares of Visteon by 166.7% in the 1st quarter. Voya Investment Management LLC now owns 45,539 shares of the company’s stock worth $3,535,000 after purchasing an additional 28,465 shares during the period. Parallel Advisors LLC lifted its stake in Visteon by 315.2% in the second quarter. Parallel Advisors LLC now owns 1,997 shares of the company’s stock valued at $186,000 after purchasing an additional 1,516 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in Visteon during the second quarter valued at $263,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.