Visteon Co. (NASDAQ:VC) Given Consensus Recommendation of “Hold” by Analysts

Visteon Co. (NASDAQ:VC) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $165.00.

A number of brokerages recently weighed in on VC. Citigroup boosted their price target on shares of Visteon from $159.00 to $160.00 and gave the stock a “neutral” rating in a report on Tuesday, July 18th. Barclays boosted their price target on shares of Visteon from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Monday, August 7th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Thursday, June 8th. JPMorgan Chase & Co. boosted their price target on shares of Visteon from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, July 20th. Finally, Wells Fargo & Company boosted their price target on shares of Visteon from $130.00 to $138.00 and gave the stock an “underweight” rating in a report on Friday, August 4th.

Visteon Price Performance

VC opened at $136.91 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.75 and a quick ratio of 1.39. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 0.61 and a beta of 1.83. The firm’s fifty day moving average price is $145.57 and its two-hundred day moving average price is $144.17. Visteon has a 1 year low of $103.46 and a 1 year high of $171.66.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.40). The firm had revenue of $983.00 million for the quarter, compared to analysts’ expectations of $984.51 million. Visteon had a return on equity of 20.35% and a net margin of 3.27%. Visteon’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 earnings per share. As a group, analysts anticipate that Visteon will post 6.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Sachin Lawande sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $153.72, for a total transaction of $1,537,200.00. Following the sale, the chief executive officer now directly owns 246,352 shares in the company, valued at $37,869,229.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Visteon

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its position in shares of Visteon by 1,286.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company’s stock worth $39,000 after purchasing an additional 283 shares during the last quarter. Clearstead Advisors LLC bought a new position in shares of Visteon in the first quarter worth approximately $50,000. Acadian Asset Management LLC bought a new position in shares of Visteon in the first quarter worth approximately $38,000. Itau Unibanco Holding S.A. bought a new position in shares of Visteon in the second quarter worth approximately $63,000. Finally, Lazard Asset Management LLC bought a new position in shares of Visteon in the first quarter worth approximately $48,000. 99.75% of the stock is currently owned by institutional investors.

About Visteon

Visteon Corporation, an automotive technology company, designs and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistant with natural language understanding.