Visteon Corp. (VC) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Visteon Corp. (NYSE:VC) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. Zacks Investment Research currently has $80.00 price target on the stock.
According to Zacks, “Visteon Corp. operates as an automotive supplier engaged in the design, engineering and manufacturing of innovative climate, electronic, interior and lighting products for vehicle manufacturers. Products offered by the Company includes climate systems, powertrain control systems, engine induction systems, cockpit modules, front and rear lighting systems, engine management systems, and electronic products comprising integrated solutions, audio and infotainment, analog/digital instrument cluster, displays, control panel. Markets served by the Company include original equipment manufacturers and automotive aftermarket. Visteon Corp. is headquartered in Michigan, USA. “
Several other analysts also recently commented on the stock. FBR & Co reiterated a buy rating on shares of Visteon Corp. in a report on Sunday, September 11th. JPMorgan Chase & Co. reiterated a buy rating and issued a $85.00 target price on shares of Visteon Corp. in a report on Friday, July 29th. Deutsche Bank AG began coverage on shares of Visteon Corp. in a report on Wednesday, July 20th. They issued a hold rating and a $80.00 target price for the company. Wells Fargo & Co. reiterated a hold rating and issued a $72.50 target price on shares of Visteon Corp. in a report on Monday, July 18th. Finally, Robert W. Baird reiterated a buy rating on shares of Visteon Corp. in a report on Tuesday, June 28th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $88.21.
Visteon Corp. (NYSE:VC) traded up 0.71% during midday trading on Thursday, reaching $71.31. 36,261 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $71.34 and its 200 day moving average price is $72.91. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 38.71 and a beta of 1.38. Visteon Corp. has a 1-year low of $58.83 and a 1-year high of $121.65.
Visteon Corp. (NYSE:VC) last announced its earnings results on Thursday, July 28th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.55. The company earned $773 million during the quarter, compared to the consensus estimate of $821.07 million. Visteon Corp. had a net margin of 2.22% and a return on equity of 11.55%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. Equities research analysts anticipate that Visteon Corp. will post $4.45 EPS for the current year.
A number of institutional investors have recently modified their holdings of VC. A.R. Schmeidler & Co. Inc. raised its position in shares of Visteon Corp. by 16.8% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 81,563 shares of the company’s stock worth $6,492,000 after buying an additional 11,755 shares in the last quarter. M&T Bank Corp raised its position in shares of Visteon Corp. by 8.1% in the first quarter. M&T Bank Corp now owns 2,946 shares of the company’s stock worth $234,000 after buying an additional 222 shares in the last quarter. Menta Capital LLC acquired a new position in shares of Visteon Corp. during the first quarter worth $812,000. BlackRock Japan Co. Ltd acquired a new position in shares of Visteon Corp. during the first quarter worth $277,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Visteon Corp. by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,010,888 shares of the company’s stock worth $80,457,000 after buying an additional 17,047 shares in the last quarter.
Visteon Corp. Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures products for original equipment vehicle manufacturer (OEM) across the world, including Ford, Nissan, Renault, Mazda, BMW, General Motors and Honda. The Company’s segments include Electronics, which provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems and telematics solutions, and Other, which includes entities located in Europe.
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