Visteon Corporation (NYSE:VC) – Analysts at FBR & Co upped their FY2017 earnings per share (EPS) estimates for Visteon Corporation in a research report issued on Friday. FBR & Co analyst C. Horn now forecasts that the auto parts company will earn $6.20 per share for the year, up from their previous estimate of $6.10. FBR & Co has a “Buy” rating and a $140.00 price target on the stock.
Visteon Corporation (NYSE:VC) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. The company had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year.
Several other equities research analysts also recently issued reports on the stock. UBS AG downgraded shares of Visteon Corporation from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $108.00 to $113.00 in a research report on Monday, July 31st. BidaskClub upgraded shares of Visteon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Gabelli downgraded shares of 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. BMO Capital Markets raised their price objective on shares of Visteon Corporation from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company upgraded shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Monday, July 31st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Visteon Corporation currently has a consensus rating of “Buy” and an average price target of $123.86.
Shares of Visteon Corporation (NYSE:VC) opened at 126.04 on Monday. The firm has a 50 day moving average price of $123.82 and a 200-day moving average price of $109.76. Visteon Corporation has a 12 month low of $67.36 and a 12 month high of $128.39. The firm has a market cap of $3.93 billion, a PE ratio of 30.47 and a beta of 0.84.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Visteon Corporation by 2.1% during the first 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 in the last quarter. Standard Life Investments LTD raised its position in Visteon Corporation by 6.6% during the second quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock valued at $206,278,000 after purchasing an additional 124,361 shares in the last quarter. BlackRock Inc. raised its position in Visteon Corporation by 7,509.9% during the first quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock valued at $134,341,000 after purchasing an additional 1,353,504 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Visteon Corporation during the second quarter valued at approximately $78,611,000. Finally, First Eagle Investment Management LLC raised its position in Visteon Corporation by 11.3% during the second quarter. First Eagle Investment Management LLC now owns 683,115 shares of the auto parts company’s stock valued at $69,719,000 after purchasing an additional 69,160 shares in the last quarter.
In other news, CEO Sachin Lawande sold 2,004 shares of Visteon Corporation stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $123.90, for a total value of $248,295.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stephanie S. Marianos sold 512 shares of Visteon Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $119.74, for a total transaction of $61,306.88. Following the completion of the sale, the vice president now owns 431 shares of the company’s stock, valued at $51,607.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,981 shares of company stock valued at $598,745. 0.19% of the stock is owned by company insiders.
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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