Visteon Corporation (NASDAQ:VC) Given Consensus Rating of “Moderate Buy” by Analysts

Visteon Corporation (NASDAQ:VC) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $125.6667.

A number of equities analysts have recently commented on VC shares. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Monday, April 27th. JPMorgan Chase & Co. reduced their price objective on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Robert W. Baird raised their price objective on shares of Visteon from $112.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of Visteon in a report on Friday, February 20th. Finally, Barclays raised their price objective on shares of Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th.

Insider Activity at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $116.50, for a total transaction of $233,000.00. Following the completion of the transaction, the senior vice president directly owned 18,469 shares of the company’s stock, valued at approximately $2,151,638.50. This trade represents a 9.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sachin Lawande sold 38,817 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $113.63, for a total transaction of $4,410,775.71. Following the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 58,901 shares of company stock worth $6,699,220 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Visteon by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock valued at $343,267,000 after purchasing an additional 12,903 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Visteon by 14.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock valued at $127,879,000 after purchasing an additional 175,679 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Visteon by 16.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock valued at $126,902,000 after purchasing an additional 187,347 shares during the last quarter. Invesco Ltd. lifted its holdings in Visteon by 8.4% during the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock valued at $119,220,000 after purchasing an additional 97,100 shares during the last quarter. Finally, State Street Corp lifted its holdings in Visteon by 3.1% during the 2nd quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after purchasing an additional 33,155 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Price Performance

Shares of Visteon stock opened at $110.40 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. Visteon has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The firm has a fifty day moving average price of $110.32 and a two-hundred day moving average price of $101.01. The company has a market cap of $2.95 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26.

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

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Visteon’s dividend payout ratio (DPR) is presently 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.