Visteon (VC) Given “Buy” Rating at Guggenheim

Visteon (NYSE:VC)‘s stock had its “buy” rating reaffirmed by equities researchers at Guggenheim in a report issued on Wednesday. They currently have a $154.00 price target on the auto parts company’s stock. Guggenheim’s price target suggests a potential upside of 11.03% from the stock’s current price.

Other research analysts have also issued reports about the stock. B. Riley reaffirmed a “buy” rating on shares of Visteon in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $143.00 price target on shares of Visteon in a report on Tuesday, October 17th. Zacks Investment Research lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $126.00 price target on shares of Visteon in a report on Wednesday, October 18th. Finally, Citigroup lifted their price target on shares of Visteon from $113.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $128.75.

Visteon (VC) opened at $138.70 on Wednesday. The firm has a market cap of $55.90, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Visteon has a fifty-two week low of $81.46 and a fifty-two week high of $140.64.

Visteon (NYSE:VC) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The company had revenue of $765.00 million during the quarter, compared to analyst estimates of $761.95 million. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business earned $1.10 EPS. sell-side analysts predict that Visteon will post 6.23 earnings per share for the current year.

In related news, CEO Sachin Lawande sold 2,004 shares of Visteon stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $123.90, for a total value of $248,295.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 17,004 shares of company stock worth $2,180,621. 0.19% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. AXA bought a new stake in shares of Visteon during the 2nd quarter worth about $531,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Visteon during the 3rd quarter worth about $293,000. Eagle Asset Management Inc. raised its position in shares of Visteon by 3.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock worth $85,074,000 after buying an additional 20,570 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Visteon by 426.7% during the 3rd quarter. Quantbot Technologies LP now owns 5,736 shares of the auto parts company’s stock worth $709,000 after buying an additional 4,647 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Visteon by 34.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,804,109 shares of the auto parts company’s stock worth $223,294,000 after buying an additional 465,508 shares in the last quarter.

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Visteon 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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