Several other equities analysts also recently weighed in on VC. BMO Capital Markets raised Visteon from a market perform rating to an outperform rating and raised their price target for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Zacks Investment Research raised Visteon from a hold rating to a buy rating and set a $139.00 price target for the company in a research report on Wednesday, September 27th. Jefferies Group started coverage on Visteon in a research report on Thursday, September 28th. They set a hold rating and a $135.00 price target for the company. Royal Bank of Canada reissued a hold rating and set a $115.00 price target on shares of Visteon in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a buy rating and set a $143.00 price target on shares of Visteon in a research report on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $132.31.
Visteon (VC) traded down $0.05 during trading on Wednesday, reaching $138.03. The company’s stock had a trading volume of 167,719 shares, compared to its average volume of 213,686. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4,290.00, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. Visteon has a one year low of $86.10 and a one year high of $140.64.
Visteon (NYSE:VC) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.17. The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. Visteon’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. research analysts anticipate that Visteon will post 6.23 earnings per share for the current fiscal year.
In other news, CEO Sachin Lawande sold 5,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $130.94, for a total transaction of $654,700.00. Following the sale, the chief executive officer now owns 8,595 shares in the company, valued at $1,125,429.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 17,004 shares of company stock worth $2,180,621 in the last 90 days. Insiders own 0.19% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its holdings in Visteon by 74.4% in the third quarter. Neuberger Berman Group LLC now owns 85,783 shares of the auto parts company’s stock valued at $10,617,000 after acquiring an additional 36,583 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Visteon by 3.7% in the third quarter. California Public Employees Retirement System now owns 126,068 shares of the auto parts company’s stock valued at $15,603,000 after acquiring an additional 4,468 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Visteon by 820.3% in the third quarter. Cubist Systematic Strategies LLC now owns 19,373 shares of the auto parts company’s stock valued at $2,398,000 after acquiring an additional 17,268 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Visteon by 7.2% in the third quarter. Janus Henderson Group PLC now owns 825,572 shares of the auto parts company’s stock valued at $102,181,000 after acquiring an additional 55,325 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in Visteon in the third quarter valued at $458,000.
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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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