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

Shares of Visteon Corporation (NASDAQ:VC) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $122.25.

Several equities analysts recently commented on the stock. Wolfe Research downgraded shares of Visteon from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. JPMorgan Chase & Co. cut their target price on Visteon from $118.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, March 9th. Morgan Stanley increased their price target on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Barclays decreased their price target on Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Finally, Robert W. Baird cut their price objective on Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th.

Visteon Price Performance

Shares of VC opened at $91.38 on Friday. The company has a market cap of $2.45 billion, a PE ratio of 9.69, a P/E/G ratio of 1.11 and a beta of 1.15. The business has a fifty day moving average of $93.68 and a 200 day moving average of $101.90. Visteon has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. The business had revenue of $948.00 million for the quarter, compared to analysts’ expectations of $920.25 million. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.44 earnings per share. On average, sell-side analysts expect that Visteon will post 8.42 EPS for the current year.

Visteon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.375 dividend. The ex-dividend date was Monday, March 2nd. This is a boost from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.6%. Visteon’s dividend payout ratio (DPR) is currently 15.91%.

Insider Buying and Selling

In related news, CEO Sachin Lawande sold 49,453 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total value of $4,620,888.32. Following the transaction, the chief executive officer owned 175,527 shares of the company’s stock, valued at $16,401,242.88. This trade represents a 21.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visteon

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Visteon by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock valued at $343,267,000 after purchasing an additional 12,903 shares during the period. Victory Capital Management Inc. raised its position in Visteon by 16.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock valued at $126,902,000 after purchasing an additional 187,347 shares in the last quarter. Invesco Ltd. raised its position in Visteon by 8.4% during the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock valued at $119,220,000 after purchasing an additional 97,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Visteon by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,228,016 shares of the company’s stock worth $116,787,000 after buying an additional 46,601 shares during the period. Finally, State Street Corp increased its stake in shares of Visteon by 3.1% during the second quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after buying an additional 33,155 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Visteon

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.