Visteon Corporation (VC) Receives $118.38 Average PT from Analysts

Visteon Corporation (NYSE:VC) has received a consensus rating of “Buy” from the seventeen research firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $123.86.

A number of brokerages have recently issued reports on VC. Barclays PLC set a $107.00 price target on Visteon Corporation and gave the company a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Wednesday, September 27th. Gabelli downgraded Visteon Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. UBS AG lifted their price target on Visteon Corporation from $113.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Finally, Jefferies Group LLC began coverage on Visteon Corporation in a report on Thursday, September 28th. They set a “hold” rating and a $135.00 price objective on the stock.

In other news, VP Stephanie S. Marianos sold 512 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $119.74, for a total value of $61,306.88. Following the completion of the transaction, the vice president now owns 431 shares of the company’s stock, valued at $51,607.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sunil K. Bilolikar sold 2,394 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total value of $265,566.42. Following the completion of the transaction, the insider now directly owns 300 shares of the company’s stock, valued at approximately $33,279. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,375 shares of company stock valued at $864,312. Corporate insiders own 0.19% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Visteon Corporation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 2,649,549 shares of the auto parts company’s stock valued at $259,523,000 after purchasing an additional 55,541 shares during the last quarter. Standard Life Investments LTD raised its holdings in shares of Visteon Corporation by 6.6% in the second quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock worth $206,278,000 after buying an additional 124,361 shares during the period. BlackRock Inc. raised its holdings in shares of Visteon Corporation by 7,509.9% in the first quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock worth $134,341,000 after buying an additional 1,353,504 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Visteon Corporation by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 866,608 shares of the auto parts company’s stock worth $84,884,000 after buying an additional 21,905 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in shares of Visteon Corporation in the second quarter worth approximately $78,611,000.

Visteon Corporation (NYSE:VC) traded up 1.25% during trading on Thursday, hitting $126.04. 167,953 shares of the company traded hands. Visteon Corporation has a 12-month low of $67.36 and a 12-month high of $128.39. The firm has a market capitalization of $3.93 billion, a P/E ratio of 30.47 and a beta of 0.84. The stock has a 50-day moving average price of $123.82 and a 200-day moving average price of $109.76.

Visteon Corporation (NYSE:VC) last posted its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.17. The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. Equities analysts expect that Visteon Corporation will post $6.23 EPS for the current fiscal year.

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Visteon Corporation Company Profile

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

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