Visteon (VC) Now Covered by Analysts at Longbow Research
VC has been the topic of several other reports. B. Riley reaffirmed a buy rating on shares of Visteon in a research report on Wednesday, November 1st. Robert W. Baird reaffirmed a buy rating and issued a $143.00 price target on shares of Visteon in a research report on Tuesday, October 17th. Zacks Investment Research downgraded Visteon from a buy rating to a hold rating in a research report on Thursday, October 12th. Royal Bank of Canada reaffirmed a hold rating and issued a $126.00 price target on shares of Visteon in a research report on Wednesday, October 18th. Finally, Citigroup lifted their price target on Visteon from $113.00 to $126.00 and gave the stock a neutral rating in a research report on Monday, October 30th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $127.81.
Visteon (NYSE VC) opened at $136.74 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. Visteon has a one year low of $81.46 and a one year high of $137.13. The firm has a market capitalization of $56.21, a P/E ratio of 26.15, a P/E/G ratio of 1.34 and a beta of 0.86.
Visteon (NYSE:VC) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.17. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business had revenue of $765.00 million for the quarter, compared to the consensus estimate of $761.95 million. During the same period last year, the business earned $1.10 EPS. The firm’s revenue was down .6% compared to the same quarter last year. research analysts predict that Visteon will post 6.23 earnings per share for the current fiscal year.
In other news, CEO Sachin Lawande sold 2,004 shares of Visteon stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $123.90, for a total transaction of $248,295.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 14,504 shares of company stock worth $1,855,621 in the last three months. 0.19% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Visteon in the 2nd quarter valued at $246,000. Comerica Bank boosted its stake in Visteon by 428.7% in the 2nd quarter. Comerica Bank now owns 11,907 shares of the auto parts company’s stock valued at $1,287,000 after buying an additional 9,655 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Visteon by 64.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after buying an additional 526 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in Visteon in the 2nd quarter valued at $5,021,000. Finally, JPMorgan Chase & Co. boosted its stake in Visteon by 29.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 175,085 shares of the auto parts company’s stock valued at $17,869,000 after buying an additional 39,689 shares in the last quarter.
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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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