Visteon Corp (VC) Given Average Rating of “Hold” by Brokerages
Visteon Corp (NYSE:VC) has earned a consensus recommendation of “Hold” from the twenty-two ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $128.12.
VC has been the subject of several research reports. TheStreet downgraded shares of Visteon from a “b-” rating to a “c” rating in a research note on Thursday, October 25th. Morgan Stanley set a $70.00 price objective on shares of Visteon and gave the stock a “sell” rating in a research note on Wednesday, November 14th. Raymond James reiterated a “buy” rating on shares of Visteon in a research note on Monday, August 20th. Jefferies Financial Group initiated coverage on shares of Visteon in a research note on Tuesday. They set an “underperform” rating and a $69.00 price objective for the company. Finally, Wells Fargo & Co decreased their price objective on shares of Visteon from $86.00 to $73.00 and set a “market perform” rating for the company in a research note on Friday, October 26th.
In other news, Director Robert Manzo bought 1,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was acquired at an average cost of $77.37 per share, for a total transaction of $77,370.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $154,740. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rouzbeh Yassini-Fard bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was purchased at an average price of $75.57 per share, with a total value of $151,140.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $151,140. The disclosure for this purchase can be found here. Insiders bought 9,000 shares of company stock valued at $691,270 over the last 90 days. Insiders own 0.19% of the company’s stock.
VC stock traded down $4.12 on Friday, hitting $67.59. 730,400 shares of the company were exchanged, compared to its average volume of 505,916. Visteon has a twelve month low of $67.27 and a twelve month high of $140.64.
Visteon (NYSE:VC) last issued its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.03). The company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $727.48 million.
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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