Visteon Corporation (NASDAQ:VC) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Visteon Corporation (NASDAQ:VC) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $117.82.

A number of research firms have recently commented on VC. TD Cowen cut their price target on Visteon from $135.00 to $131.00 and set a “buy” rating for the company in a report on Friday, October 23rd. The Goldman Sachs Group set a $103.00 price objective on Visteon in a research note on Thursday, October 22nd. Robert W. Baird set a $95.00 price objective on Visteon in a report on Friday, October 23rd. Wells Fargo & Company dropped their price objective on Visteon from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Royal Bank Of Canada cut their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, October 23rd.

Hedge Funds Weigh In On Visteon

Large investors have recently modified their holdings of the company. Fulcrum Asset Management LLP grew its stake in Visteon by 754.0% during the third quarter. Fulcrum Asset Management LLP now owns 427 shares of the company’s stock valued at $37,000 after acquiring an additional 377 shares in the last quarter. Versant Capital Management Inc lifted its stake in Visteon by 58.7% in the 2nd quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after purchasing an additional 215 shares in the last quarter. Nykredit A S purchased a new stake in Visteon in the 2nd quarter worth approximately $119,000. Sequoia Financial Advisors LLC purchased a new stake in Visteon in the 2nd quarter worth approximately $201,000. Finally, Signaturefd LLC boosted its holdings in Visteon by 21.5% in the 3rd quarter. Signaturefd LLC now owns 2,127 shares of the company’s stock valued at $184,000 after purchasing an additional 376 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Performance

Shares of VC stock opened at $79.11 on Friday. The firm’s 50 day moving average is $86.96 and its 200 day moving average is $99.07. The stock has a market capitalization of $1.95 billion, a P/E ratio of 13.64, a PEG ratio of 0.76 and a beta of 1.26. Visteon has a 12 month low of $69.89 and a 12 month high of $126.95. The company has a current ratio of 1.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.21.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 22nd. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($2.09). Visteon had a net margin of 4.15% and a return on equity of 11.36%. The business had revenue of $970.00 million during the quarter, compared to analysts’ expectations of $936.38 million. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that Visteon will post 6.58 earnings per share for the current year.

Visteon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Visteon’s dividend payout ratio is presently 25.86%.

Visteon Company Profile

Visteon Corporation is a global automotive technology supplier focused on electronics and software for vehicle cockpits. Its products include digital instrument clusters, infotainment systems, automotive displays, and integrated cockpit computing platforms that bring multiple vehicle functions together. The company also develops connected-car and software solutions for automakers, supporting digital interfaces and information systems in vehicles. Its customers include automakers around the world, and Visteon serves markets across multiple regions.