Visteon (NASDAQ:VC) Lifted to Buy at Citigroup

Citigroup upgraded shares of Visteon (NASDAQ:VC) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. Citigroup currently has $149.00 target price on the stock.

Several other analysts also recently commented on the stock. UBS Group dropped their target price on shares of Visteon from $146.00 to $143.00 and set a neutral rating on the stock in a report on Friday, October 27th. StockNews.com raised shares of Visteon from a hold rating to a buy rating in a research report on Friday. Wells Fargo & Company lowered their target price on Visteon from $138.00 to $123.00 and set an underweight rating for the company in a report on Tuesday, October 3rd. Barclays upgraded Visteon from an underweight rating to an equal weight rating and set a $158.00 price target on the stock in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. increased their price objective on Visteon from $156.00 to $157.00 and gave the stock a neutral rating in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $164.86.

Visteon Trading Up 0.7 %

Shares of NASDAQ VC opened at $116.04 on Monday. The company has a quick ratio of 1.38, a current ratio of 1.71 and a debt-to-equity ratio of 0.40. Visteon has a twelve month low of $108.65 and a twelve month high of $171.66. The company’s fifty day moving average is $132.19 and its 200-day moving average is $139.41. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 0.61 and a beta of 1.81.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, October 26th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.49. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Visteon had a return on equity of 22.15% and a net margin of 3.82%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. Equities research analysts predict that Visteon will post 6.46 EPS for the current year.

Insider Activity

In other news, CEO Sachin Lawande sold 14,739 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $140.82, for a total transaction of $2,075,545.98. Following the transaction, the chief executive officer now directly owns 246,352 shares in the company, valued at approximately $34,691,288.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Visteon

A number of hedge funds and other institutional investors have recently bought and sold shares of VC. Ellevest Inc. boosted its stake in shares of Visteon by 6.5% during the 1st quarter. Ellevest Inc. now owns 1,367 shares of the company’s stock worth $214,000 after acquiring an additional 83 shares during the period. Metropolitan Life Insurance Co NY increased its holdings in shares of Visteon by 5.2% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,712 shares of the company’s stock valued at $224,000 after purchasing an additional 85 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Visteon by 3.0% in the third quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock valued at $413,000 after purchasing an additional 86 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Visteon by 7.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,222 shares of the company’s stock worth $175,000 after buying an additional 87 shares during the last quarter. Finally, Bailard Inc. boosted its holdings in shares of Visteon by 4.5% during the 2nd quarter. Bailard Inc. now owns 2,204 shares of the company’s stock worth $317,000 after buying an additional 95 shares during the period. Institutional investors own 99.75% of the company’s stock.

Visteon Company Profile

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.