Visteon (NYSE:VC) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a $104.00 price target on the auto parts company’s stock, down from their prior price target of $106.00. Deutsche Bank’s price target indicates a potential upside of 19.29% from the company’s current price.
A number of other research analysts have also recently issued reports on VC. Guggenheim initiated coverage on shares of Visteon in a research note on Tuesday, October 15th. They issued a “neutral” rating on the stock. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Friday, November 22nd. Royal Bank of Canada raised shares of Visteon from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $90.00 to $106.00 in a research note on Friday, December 20th. Barclays reissued an “equal weight” rating and issued a $82.00 price objective (up from $60.00) on shares of Visteon in a research note on Friday, October 25th. Finally, Robert W. Baird set a $81.00 price objective on shares of Visteon and gave the company a “buy” rating in a research note on Thursday, September 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $83.31.
Shares of VC opened at $87.18 on Tuesday. Visteon has a 12 month low of $44.04 and a 12 month high of $105.99. The firm’s 50 day moving average is $89.53 and its 200-day moving average is $78.29.
Visteon (NYSE:VC) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $700.44 million. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share.
In other Visteon news, VP Brett D. Pynnonen sold 4,451 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $95.87, for a total value of $426,717.37. Following the sale, the vice president now owns 2,840 shares in the company, valued at $272,270.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sunil K. Bilolikar sold 1,870 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.27, for a total transaction of $181,894.90. Following the completion of the sale, the senior vice president now owns 1,874 shares in the company, valued at approximately $182,283.98. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Visteon by 14.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,972 shares of the auto parts company’s stock worth $163,000 after purchasing an additional 252 shares during the period. Strs Ohio lifted its holdings in shares of Visteon by 0.7% during the third quarter. Strs Ohio now owns 70,500 shares of the auto parts company’s stock worth $5,819,000 after purchasing an additional 500 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Visteon by 107.2% during the third quarter. Quadrant Capital Group LLC now owns 1,177 shares of the auto parts company’s stock worth $95,000 after purchasing an additional 609 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Visteon by 1.3% during the third quarter. California State Teachers Retirement System now owns 48,617 shares of the auto parts company’s stock worth $4,013,000 after purchasing an additional 610 shares during the period. Finally, Cerebellum GP LLC acquired a new position in shares of Visteon during the third quarter worth $77,000.
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.
Featured Article: Why is the ex-dividend date different from the record date?
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.