Visteon Corporation (NASDAQ:VC) Receives $125.67 Consensus Target Price from Analysts

Shares of Visteon Corporation (NASDAQ:VC) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $125.6667.

VC has been the subject of several recent research reports. Morgan Stanley set a $115.00 price target on Visteon in a research report on Monday, April 27th. JPMorgan Chase & Co. dropped their price target on Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Barclays raised their price target on Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Weiss Ratings raised Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada dropped their price target on Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th.

Insiders Place Their Bets

In other news, CEO Sachin Lawande sold 38,817 shares of Visteon stock in a transaction on Friday, April 24th. The stock was sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the sale, the chief executive officer owned 193,822 shares of the company’s stock, valued at $22,023,993.86. The trade was a 16.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Robert R. Vallance sold 1,000 shares of Visteon stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total value of $119,400.00. Following the completion of the sale, the senior vice president directly owned 17,469 shares of the company’s stock, valued at approximately $2,085,798.60. This represents a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 58,901 shares of company stock valued at $6,699,220. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently made changes to their positions in VC. First Trust Advisors LP grew its position in shares of Visteon by 124.0% in the first quarter. First Trust Advisors LP now owns 519,041 shares of the company’s stock valued at $47,290,000 after purchasing an additional 287,359 shares during the period. Boston Partners purchased a new stake in shares of Visteon in the fourth quarter valued at $25,342,000. Squarepoint Ops LLC purchased a new stake in shares of Visteon in the fourth quarter valued at $22,361,000. Bank of America Corp DE grew its position in shares of Visteon by 130.1% in the first quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock valued at $36,108,000 after purchasing an additional 224,097 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Visteon by 16.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock valued at $126,902,000 after acquiring an additional 187,347 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

NASDAQ VC opened at $116.89 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43. The business has a 50 day moving average price of $109.51 and a 200 day moving average price of $100.89. The company has a market capitalization of $3.12 billion, a P/E ratio of 14.24, a PEG ratio of 1.49 and a beta of 1.26. Visteon has a 1-year low of $83.49 and a 1-year high of $129.10.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.31). The company had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.47 EPS. Sell-side analysts expect that Visteon will post 8.54 EPS for the current fiscal year.

Visteon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.375 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.3%. Visteon’s payout ratio is currently 18.27%.

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.