Media stories about Visteon (NYSE:VC) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Visteon earned a news impact score of 0.27 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 45.2946193192755 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
VC has been the topic of a number of research reports. Zacks Investment Research raised Visteon from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a report on Saturday, January 6th. Royal Bank of Canada cut their price objective on Visteon to $131.00 and set a “sector perform” rating on the stock in a research report on Sunday, January 21st. Barclays set a $107.00 price objective on Visteon and gave the stock a “hold” rating in a research report on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and issued a $143.00 price objective on shares of Visteon in a research report on Tuesday, October 17th. Finally, Guggenheim reiterated a “buy” rating and issued a $154.00 price objective on shares of Visteon in a research report on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $134.25.
Visteon (VC) traded down $1.08 on Monday, hitting $118.80. The stock had a trading volume of 450,700 shares, compared to its average volume of 325,977. The stock has a market cap of $3,730.00, a PE ratio of 22.85, a PEG ratio of 1.34 and a beta of 0.85. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Visteon has a 52 week low of $89.60 and a 52 week high of $140.64.
Visteon declared that its board has approved a share buyback plan on Tuesday, January 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, CEO Sachin Lawande sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $130.94, for a total value of $654,700.00. Following the completion of the transaction, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,125,429.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 17,500 shares of company stock valued at $2,263,500. 0.19% of the stock is currently owned by company insiders.
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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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