Visteon Corporation (NASDAQ:VC) Receives $122.15 Average PT from Analysts

Visteon Corporation (NASDAQ:VC) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $123.3333.

VC has been the topic of several research analyst reports. Wall Street Zen raised shares of Visteon from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada decreased their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of Visteon in a report on Friday, February 20th. Wells Fargo & Company cut their price objective on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, The Goldman Sachs Group set a $120.00 target price on Visteon in a research note on Thursday, January 15th.

Insider Buying and Selling

In other news, CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

A number of large investors have recently modified their holdings of VC. Royal Bank of Canada increased its stake in Visteon by 389.3% during the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock valued at $1,707,000 after purchasing an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Visteon by 31.5% in the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after buying an additional 59,764 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Visteon by 42.4% in the second quarter. Envestnet Asset Management Inc. now owns 35,161 shares of the company’s stock valued at $3,280,000 after buying an additional 10,463 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Visteon during the second quarter valued at about $243,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Visteon by 16.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,713 shares of the company’s stock worth $346,000 after acquiring an additional 514 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Trading Down 0.3%

Shares of VC stock opened at $90.33 on Tuesday. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.80. The stock has a 50 day simple moving average of $97.05 and a two-hundred day simple moving average of $106.82. The company has a market cap of $2.42 billion, a P/E ratio of 9.58, a PEG ratio of 1.09 and a beta of 1.15.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.88. The firm 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 company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.44 EPS. Research analysts forecast that Visteon will post 8.42 earnings per share for the current year.

Visteon Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.375 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 annualized dividend and a yield of 1.7%. Visteon’s dividend payout ratio is currently 15.91%.

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.