Shares of Visteon Corp (NYSE:VC) have earned an average recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $94.13.
Several equities research analysts have recently weighed in on VC shares. Robert W. Baird upped their price target on Twitter from $33.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. UBS Group reiterated a “hold” rating on shares of easyJet in a research report on Monday, April 1st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 265 ($3.46) price target on shares of WM Morrison Supermarkets in a research report on Monday, April 29th. Morgan Stanley set a $12.00 price target on Adient and gave the company a “sell” rating in a research report on Wednesday, June 26th. Finally, TheStreet upgraded Exantas Capital from a “d+” rating to a “c” rating in a research report on Thursday, May 2nd.
Visteon stock traded up $2.56 during midday trading on Friday, reaching $58.41. The stock had a trading volume of 588,983 shares, compared to its average volume of 630,497. Visteon has a 12 month low of $44.04 and a 12 month high of $129.55. The business has a 50-day moving average of $53.44.
In other Visteon news, Director Harry James Wilson acquired 2,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was bought at an average price of $53.92 per share, with a total value of $107,840.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company’s stock, valued at $647,040. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Manzo acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average cost of $48.76 per share, with a total value of $195,040.00. Following the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $146,280. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Peregrine Capital Management LLC raised its holdings in Visteon by 41.4% in the second quarter. Peregrine Capital Management LLC now owns 162,948 shares of the auto parts company’s stock worth $9,545,000 after purchasing an additional 47,744 shares in the last quarter. Marathon Asset Management LLP bought a new position in Visteon in the second quarter worth $37,219,000. Handelsbanken Fonder AB raised its holdings in Visteon by 16.7% in the second quarter. Handelsbanken Fonder AB now owns 140,000 shares of the auto parts company’s stock worth $8,201,000 after purchasing an additional 20,000 shares in the last quarter. First Trust Advisors LP raised its holdings in Visteon by 56.8% in the first quarter. First Trust Advisors LP now owns 45,946 shares of the auto parts company’s stock worth $3,094,000 after purchasing an additional 16,646 shares in the last quarter. Finally, Cerebellum GP LLC bought a new position in Visteon in the first quarter worth $324,000.
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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