Visteon (VC) Research Coverage Started at Jefferies Financial Group
Jefferies Financial Group started coverage on shares of Visteon (NYSE:VC) in a report published on Tuesday, Marketbeat.com reports. The firm issued an underperform rating and a $69.00 target price on the auto parts company’s stock. Jefferies Financial Group also issued estimates for Visteon’s Q4 2018 earnings at $1.05 EPS, FY2018 earnings at $5.61 EPS, Q1 2019 earnings at $1.65 EPS, Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.19 EPS, Q4 2019 earnings at $1.48 EPS, FY2019 earnings at $5.66 EPS and FY2020 earnings at $7.88 EPS.
Several other research firms also recently commented on VC. Morgan Stanley set a $70.00 price target on shares of Visteon and gave the company a sell rating in a research report on Wednesday, November 14th. Raymond James reiterated a buy rating on shares of Visteon in a research report on Monday, August 20th. Wells Fargo & Co reiterated a market perform rating and issued a $86.00 price target (down previously from $123.00) on shares of Visteon in a research report on Wednesday, October 17th. Consumer Edge initiated coverage on shares of Visteon in a research report on Thursday, October 4th. They issued an outperform rating and a $130.00 price target for the company. Finally, TheStreet downgraded shares of Visteon from a b- rating to a c rating in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Visteon has a consensus rating of Hold and an average price target of $128.83.
VC stock opened at $71.71 on Tuesday. Visteon has a 12 month low of $67.27 and a 12 month high of $140.64.
In related news, Director Robert Manzo purchased 1,000 shares of the stock in a transaction dated Monday, October 29th. The shares were acquired at an average cost of $77.37 per share, with a total value of $77,370.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $154,740. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harry James Wilson purchased 5,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were bought at an average cost of $76.95 per share, for a total transaction of $384,750.00. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at $153,900. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 9,000 shares of company stock valued at $691,270. 0.19% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of Visteon by 27.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,463 shares of the auto parts company’s stock worth $318,000 after purchasing an additional 532 shares during the period. Waddell & Reed Financial Inc. grew its stake in shares of Visteon by 13.0% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 773,909 shares of the auto parts company’s stock worth $100,020,000 after purchasing an additional 88,745 shares during the period. Robecosam AG grew its stake in shares of Visteon by 39.2% during the 3rd quarter. Robecosam AG now owns 543,000 shares of the auto parts company’s stock worth $50,749,000 after purchasing an additional 153,000 shares during the period. Creative Planning grew its stake in shares of Visteon by 31.5% during the 3rd quarter. Creative Planning now owns 3,461 shares of the auto parts company’s stock worth $322,000 after purchasing an additional 829 shares during the period. Finally, First Republic Investment Management Inc. acquired a new stake in Visteon in the 2nd quarter valued at about $326,000.
Visteon Company Profile
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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