Wall Street Zen Upgrades Visteon (NASDAQ:VC) to “Buy”

Visteon (NASDAQ:VC) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

Other research analysts also recently issued research reports about the stock. Barclays reduced their price objective on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. The Goldman Sachs Group set a $120.00 target price on shares of Visteon in a research note on Thursday, January 15th. JPMorgan Chase & Co. dropped their target price on shares of Visteon from $118.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Morgan Stanley upped their price target on shares of Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Finally, Robert W. Baird decreased their price target on Visteon from $126.00 to $119.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.33.

Visteon Price Performance

Shares of VC opened at $87.73 on Monday. Visteon has a 1 year low of $65.10 and a 1 year high of $129.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 1.05 and a beta of 1.15. The business has a 50-day moving average of $94.46 and a 200-day moving average of $103.64.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, February 19th. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.08 by $0.88. The business had revenue of $948.00 million for the quarter, compared to analysts’ expectations of $920.25 million. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.44 earnings per share. As a group, equities research analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Insider Activity

In related news, CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction 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. The trade was a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Visteon

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in shares of Visteon by 28.6% during the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock valued at $207,364,000 after purchasing an additional 494,820 shares during the period. Boston Partners acquired a new stake in shares of Visteon in the 4th quarter valued at about $25,342,000. Squarepoint Ops LLC bought a new stake in Visteon in the 4th quarter valued at about $22,361,000. First Trust Advisors LP raised its stake in Visteon by 483.0% during the 4th quarter. First Trust Advisors LP now owns 231,682 shares of the company’s stock worth $22,033,000 after buying an additional 191,943 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Visteon by 16.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock worth $126,902,000 after buying an additional 187,347 shares during the period. 99.71% of the stock is owned by institutional investors.

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.