Visteon Corp (NYSE:VC) – Research analysts at B. Riley dropped their Q2 2019 earnings per share estimates for shares of Visteon in a research note issued on Thursday, June 20th. B. Riley analyst C. Horn now forecasts that the auto parts company will post earnings of $0.41 per share for the quarter, down from their previous estimate of $0.83. B. Riley has a “Neutral” rating and a $75.00 price target on the stock. B. Riley also issued estimates for Visteon’s Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $1.82 EPS, Q1 2020 earnings at $1.13 EPS, Q2 2020 earnings at $0.96 EPS, Q3 2020 earnings at $1.07 EPS and Q4 2020 earnings at $1.60 EPS.
Other equities analysts have also issued reports about the stock. UBS Group dropped their price target on shares of Visteon from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Robert W. Baird upgraded shares of Visteon from a “neutral” rating to an “outperform” rating and increased their price target for the company from $87.00 to $108.00 in a research note on Tuesday, April 23rd. Jefferies Financial Group upgraded shares of Visteon from an “underperform” rating to a “hold” rating and dropped their price target for the company from $79.00 to $62.00 in a research note on Monday, April 29th. They noted that the move was a valuation call. BMO Capital Markets dropped their price target on shares of Visteon to $83.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Finally, Morgan Stanley set a $47.00 price target on shares of Visteon and gave the company a “sell” rating in a research note on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Visteon presently has an average rating of “Hold” and an average target price of $94.50.
Shares of NYSE:VC opened at $54.79 on Monday. The company has a 50 day moving average price of $51.93. Visteon has a fifty-two week low of $44.04 and a fifty-two week high of $139.45.
Visteon (NYSE:VC) last issued its earnings results on Thursday, April 25th. The auto parts company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.58). The company had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $713.99 million. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.08 earnings per share.
In other Visteon news, Director Robert Manzo bought 4,000 shares of the stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average cost of $48.76 per share, for a total transaction of $195,040.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at approximately $146,280. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harry James Wilson bought 2,000 shares of the stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of $53.92 per share, for a total transaction of $107,840.00. Following the completion of the transaction, the director now owns 12,000 shares of the company’s stock, valued at approximately $647,040. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Visteon by 1,897.1% in the third quarter. JPMorgan Chase & Co. now owns 44,276 shares of the auto parts company’s stock worth $4,112,000 after purchasing an additional 42,059 shares during the period. Rhumbline Advisers grew its holdings in Visteon by 28.3% in the fourth quarter. Rhumbline Advisers now owns 75,702 shares of the auto parts company’s stock worth $4,563,000 after purchasing an additional 16,693 shares during the period. Canada Pension Plan Investment Board grew its holdings in Visteon by 9.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 57,700 shares of the auto parts company’s stock worth $3,478,000 after purchasing an additional 5,100 shares during the period. Comerica Bank grew its holdings in Visteon by 1.0% in the fourth quarter. Comerica Bank now owns 19,721 shares of the auto parts company’s stock worth $1,484,000 after purchasing an additional 202 shares during the period. Finally, Eaton Vance Management purchased a new stake in Visteon in the fourth quarter worth about $6,732,000.
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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