Visteon (NASDAQ:VC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Visteon (NASDAQ:VC) from a hold rating to a buy rating in a research note issued to investors on Monday.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada dropped their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. The Goldman Sachs Group set a $120.00 price objective on Visteon in a research note on Thursday, January 15th. JPMorgan Chase & Co. cut their target price on Visteon from $118.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a research report on Friday, February 20th. Finally, Barclays dropped their price target on Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.33.

Visteon Trading Down 0.1%

VC stock opened at $87.61 on Monday. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10. The company has a market capitalization of $2.35 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. The company’s 50-day simple moving average is $94.25 and its 200 day simple moving average is $103.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.80.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.88. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The business had revenue of $948.00 million during the quarter, compared to analysts’ expectations of $920.25 million. During the same quarter in the previous year, the company earned $4.44 EPS. The business’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Visteon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.7%. This is a boost from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 2nd. Visteon’s payout ratio is 15.91%.

Insider Transactions at Visteon

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total value of $4,620,888.32. Following the transaction, the chief executive officer owned 175,527 shares in the company, valued at $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Visteon

A number of hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its position in Visteon by 1,380.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 74,875 shares of the company’s stock worth $8,975,000 after buying an additional 69,819 shares during the period. Geode Capital Management LLC increased its position in Visteon by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock valued at $65,316,000 after acquiring an additional 14,662 shares during the period. Nordea Investment Management AB raised its stake in shares of Visteon by 11.0% during the third quarter. Nordea Investment Management AB now owns 135,025 shares of the company’s stock valued at $16,216,000 after acquiring an additional 13,415 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Visteon by 146.1% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,531 shares of the company’s stock valued at $7,016,000 after acquiring an additional 34,751 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of Visteon during the third quarter worth $2,664,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.