Zacks Investment Research cut shares of Visteon (NYSE:VC) from a buy rating to a hold rating in a research report sent to investors on Thursday, December 28th.
According to Zacks, “Visteon Corp. operates as an automotive supplier engaged in the design, engineering and manufacturing of innovative climate, electronic, interior and lighting products for vehicle manufacturers. Products offered by the Company includes climate systems, powertrain control systems, engine induction systems, cockpit modules, front and rear lighting systems, engine management systems, and electronic products comprising integrated solutions, audio and infotainment, analog/digital instrument cluster, displays, control panel. Markets served by the Company include original equipment manufacturers and automotive aftermarket. Visteon Corp. is headquartered in Michigan, USA. “
A number of other brokerages have also recently commented on VC. Royal Bank of Canada reiterated a hold rating and issued a $138.00 price target on shares of Visteon in a research note on Wednesday, December 20th. Barclays increased their price target on Visteon from $107.00 to $112.00 and gave the company an equal weight rating in a research note on Friday, October 27th. FBR & Co increased their price objective on Visteon from $120.00 to $140.00 and gave the company a buy rating in a report on Friday, October 27th. Citigroup increased their price objective on Visteon from $113.00 to $126.00 and gave the company a neutral rating in a report on Monday, October 30th. Finally, B. Riley restated a buy rating on shares of Visteon in a report on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $132.31.
Shares of Visteon (NYSE:VC) opened at $138.03 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon has a 12 month low of $86.10 and a 12 month high of $140.64. The firm has a market capitalization of $4,290.00, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86.
Visteon (NYSE:VC) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 EPS 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 company had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. During the same period in the prior year, the company earned $1.10 EPS. Visteon’s revenue was down .6% compared to the same quarter last year. equities analysts anticipate that Visteon will post 6.23 EPS for the current fiscal year.
In other Visteon news, CEO Sachin Lawande sold 2,500 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $126.05, for a total transaction of $315,125.00. Following the completion of the sale, the chief executive officer now directly owns 8,595 shares in the company, valued at approximately $1,083,399.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 17,004 shares of company stock valued at $2,180,621. Company insiders own 0.19% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Quantbot Technologies LP grew its stake in shares of Visteon by 2.8% in the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after buying an additional 30 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Visteon by 6.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after buying an additional 61 shares during the period. ETRADE Capital Management LLC grew its stake in shares of Visteon by 5.2% in the 2nd quarter. ETRADE Capital Management LLC now owns 5,261 shares of the auto parts company’s stock valued at $537,000 after buying an additional 261 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Visteon by 3.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 11,184 shares of the auto parts company’s stock valued at $1,384,000 after buying an additional 412 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Visteon by 32.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,773 shares of the auto parts company’s stock valued at $219,000 after buying an additional 433 shares during the period.
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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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