Visteon (VC) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Visteon (NYSE:VC) from a hold rating to a buy rating in a report released on Saturday morning. Zacks Investment Research currently has $141.00 price target on the auto parts company’s stock.

According to Zacks, “Visteon Corp. operates as an automotive supplier engaged in the design, engineering and manufacturing of innovative climate, electronic, interior and lighting products for vehicle manufacturers. Products offered by the Company includes climate systems, powertrain control systems, engine induction systems, cockpit modules, front and rear lighting systems, engine management systems, and electronic products comprising integrated solutions, audio and infotainment, analog/digital instrument cluster, displays, control panel. Markets served by the Company include original equipment manufacturers and automotive aftermarket. Visteon Corp. is headquartered in Michigan, USA. “

Several other equities research analysts also recently commented on VC. BMO Capital Markets upgraded Visteon from a market perform rating to an outperform rating and raised their target price for the company from $104.00 to $115.00 in a report on Friday, September 22nd. Jefferies Group initiated coverage on Visteon in a report on Thursday, September 28th. They set a hold rating and a $135.00 target price on the stock. Royal Bank of Canada reiterated a hold rating and set a $115.00 target price on shares of Visteon in a report on Tuesday, October 3rd. Robert W. Baird reiterated a buy rating and set a $143.00 target price on shares of Visteon in a report on Tuesday, October 17th. Finally, UBS Group raised their target price on Visteon from $113.00 to $125.00 and gave the company a neutral rating in a report on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Visteon presently has an average rating of Buy and an average price target of $127.88.

Visteon (NYSE:VC) opened at $138.70 on Friday. The company has a market capitalization of $55.90, a PE ratio of 26.52, a PEG ratio of 1.34 and a beta of 0.86. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. Visteon has a twelve month low of $81.46 and a twelve month high of $140.64.

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

In other Visteon news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $130.94, for a total transaction of $654,700.00. Following the sale, the chief executive officer now directly owns 8,595 shares in the company, valued at approximately $1,125,429.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 17,004 shares of company stock worth $2,180,621 over the last 90 days. 0.19% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Standard Life Investments LTD grew its position in shares of Visteon by 6.6% in the 2nd quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock worth $206,278,000 after acquiring an additional 124,361 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Visteon by 34.8% in 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 acquiring an additional 465,508 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Visteon by 7.2% in the 3rd quarter. Janus Henderson Group PLC now owns 825,572 shares of the auto parts company’s stock worth $102,181,000 after acquiring an additional 55,325 shares in the last quarter. Eagle Asset Management Inc. grew its position in shares of Visteon by 3.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock worth $85,074,000 after acquiring an additional 20,570 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of Visteon by 12.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 587,265 shares of the auto parts company’s stock worth $59,936,000 after acquiring an additional 63,215 shares in the last quarter.

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About Visteon

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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