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

Visteon Corporation (NASDAQ:VC) has earned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $135.5385.

A number of research firms recently issued reports on VC. Morgan Stanley increased their price target on shares of Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $115.00 to $145.00 in a report on Monday, June 22nd. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 28th. TD Cowen raised their target price on Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Wells Fargo & Company dropped their price target on Visteon from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th.

Insiders Place Their Bets

In related news, SVP Robert R. Vallance sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total transaction of $119,400.00. Following the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,085,798.60. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brett D. Pynnonen sold 5,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the sale, the senior vice president owned 8,503 shares in the company, valued at approximately $1,020,360. This trade represents a 37.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,000 shares of company stock worth $952,400. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

Several hedge funds and other institutional investors have recently made changes to their positions in VC. Farther Finance Advisors LLC boosted its holdings in Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after acquiring an additional 123 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Visteon by 183.7% during the fourth quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock valued at $55,000 after acquiring an additional 373 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Visteon by 1,195.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock worth $57,000 after purchasing an additional 550 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Visteon by 58.7% in the 2nd quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Trading Up 1.0%

NASDAQ VC opened at $102.02 on Tuesday. The stock has a market cap of $2.72 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.66 and a beta of 1.29. Visteon has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The stock has a 50 day simple moving average of $105.23 and a two-hundred day simple moving average of $103.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same quarter last year, the company posted $2.39 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts forecast that Visteon will post 8.41 earnings per share for the current year.

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.50 annualized dividend and a yield of 1.5%. Visteon’s dividend payout ratio (DPR) is currently 19.61%.

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.