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 report issued on Saturday.

A number of other equities analysts have also recently commented on VC. Wolfe Research cut shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. Robert W. Baird cut their target price on shares of Visteon from $126.00 to $119.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Wells Fargo & Company reduced their target price on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a report on Friday, February 20th. Finally, Morgan Stanley raised their price objective on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Visteon presently has a consensus rating of “Moderate Buy” and an average price target of $122.33.

Visteon Price Performance

NASDAQ:VC opened at $91.82 on Friday. Visteon has a 12-month low of $65.10 and a 12-month high of $129.10. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 1.09 and a beta of 1.15. The stock’s 50 day moving average price is $96.97 and its two-hundred day moving average price is $106.51. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, February 19th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.08 by $0.88. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The company had revenue of $948.00 million during the quarter, compared to the consensus estimate of $920.25 million. During the same period in the previous year, the company posted $4.44 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, 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 will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.375 dividend. This is a positive change from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 2nd. This represents a $1.50 annualized dividend and a yield of 1.6%. Visteon’s dividend payout ratio is presently 15.91%.

Insider Transactions at Visteon

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total transaction 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. This represents a 21.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new stake in Visteon during the third quarter worth approximately $30,000. Farther Finance Advisors LLC raised its holdings in Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares in the last quarter. USA Financial Formulas acquired a new position in Visteon in the 3rd quarter valued at $44,000. Plato Investment Management Ltd bought a new stake in shares of Visteon during the 3rd quarter valued at $48,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after purchasing an additional 177 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Company Profile

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.