Visteon Corp (VC) Coverage Initiated by Analysts at Jefferies Group LLC
Jefferies Group LLC assumed coverage on shares of Visteon Corp (NYSE:VC) in a research note published on Thursday, MarketBeat reports. The firm issued a hold rating and a $135.00 price target on the auto parts company’s stock.
A number of other equities research analysts have also recently commented on the stock. UBS AG cut shares of Visteon Corp from a buy rating to a neutral rating and increased their price objective for the company from $108.00 to $113.00 in a research note on Monday, July 31st. BidaskClub cut shares of Visteon Corp from a hold rating to a sell rating in a research report on Wednesday, June 21st. Morgan Stanley reduced their price target on shares of Visteon Corp from $115.00 to $112.00 and set an overweight rating on the stock in a report on Friday, June 9th. BMO Capital Markets raised shares of Visteon Corp from a market perform rating to an outperform rating and reduced their price target for the company from $96.00 to $85.00 in a report on Monday, June 26th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a $110.00 price target on shares of Visteon Corp in a research report on Wednesday, June 21st. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $115.23.
Shares of Visteon Corp (NYSE:VC) opened at 123.77 on Thursday. The firm’s 50-day moving average is $114.64 and its 200 day moving average is $103.69. The firm has a market cap of $3.86 billion, a PE ratio of 29.92 and a beta of 0.81. Visteon Corp has a 52 week low of $64.95 and a 52 week high of $125.48.
Visteon Corp (NYSE:VC) last issued its earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.14. Visteon Corp had a net margin of 6.20% and a return on equity of 32.32%. The company had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $770.96 million. During the same period last year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Visteon Corp will post $6.11 EPS for the current year.
In other Visteon Corp news, insider Sunil K. Bilolikar sold 2,394 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total value of $265,566.42. Following the sale, the insider now directly owns 300 shares of the company’s stock, valued at approximately $33,279. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Matthew M. Cole sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.19, for a total value of $155,184.21. Following the completion of the sale, the insider now directly owns 693 shares in the company, valued at $79,133.67. The disclosure for this sale can be found here. Insiders sold a total of 5,371 shares of company stock valued at $616,016 over the last quarter. 0.19% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP acquired a new position in shares of Visteon Corp during the 1st quarter valued at about $3,678,000. Comerica Bank purchased a new position in shares of Visteon Corp during the 1st quarter worth about $232,000. Swiss National Bank lifted its holdings in shares of Visteon Corp by 0.7% during the 1st quarter. Swiss National Bank now owns 56,000 shares of the auto parts company’s stock worth $5,485,000 after acquiring an additional 400 shares during the period. World Asset Management Inc acquired a new stake in shares of Visteon Corp in the first quarter worth approximately $201,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Visteon Corp by 16.2% in the first quarter. UBS Asset Management Americas Inc. now owns 30,013 shares of the auto parts company’s stock worth $2,940,000 after acquiring an additional 4,183 shares during the last quarter.
About Visteon Corp
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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