Visteon Corporation (VC) – What Are Brokerages Saying About This Stock?

Visteon Corporation (NASDAQ:VC) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $126.82.

Several equities analysts have recently commented on VC shares. Wolfe Research downgraded Visteon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 28th. Robert W. Baird reiterated a “neutral” rating and set a $121.00 target price on shares of Visteon in a research note on Friday, June 26th. The Goldman Sachs Group dropped their price target on Visteon from $126.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. TD Cowen boosted their price target on Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Morgan Stanley boosted their price target on Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th.

Institutional Investors Weigh In On Visteon

A number of institutional investors have recently modified their holdings of VC. Versant Capital Management Inc increased its holdings in shares of Visteon by 58.7% during the second quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after purchasing an additional 215 shares during the period. OP Asset Management Ltd bought a new stake in shares of Visteon in the first quarter valued at approximately $116,000. Nykredit A S bought a new stake in shares of Visteon in the second quarter valued at approximately $119,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Visteon by 2,564.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,078 shares of the company’s stock valued at $198,000 after buying an additional 2,000 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Visteon in the second quarter valued at approximately $201,000. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of VC opened at $87.25 on Wednesday. Visteon has a 52 week low of $83.49 and a 52 week high of $126.95. The firm has a market cap of $2.33 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.58 and a beta of 1.30. The firm’s 50-day simple moving average is $96.86 and its 200 day simple moving average is $103.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.30). The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.39 earnings per share. On average, analysts forecast that Visteon will post 8.16 earnings per share for the current year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.3750 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.7%. Visteon’s dividend payout ratio (DPR) is currently 19.61%.

About Visteon

Visteon Corporation (NASDAQ: VC) is a global automotive technology company that develops electronic systems and software for vehicle manufacturers. Its products are designed to support the digital cockpit, vehicle connectivity, electrification and advanced driver-assistance functions.

The company’s offerings include cockpit domain controllers, infotainment systems, instrument clusters, vehicle displays, telematics and connectivity solutions, climate-control electronics, and battery-management and power-conversion systems for electrified vehicles.