Visteon (NASDAQ:VC) Stock Rating Lowered by Wall Street Zen

Visteon (NASDAQ:VC) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

VC has been the subject of several other reports. Barclays raised their price objective on shares of Visteon from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Visteon from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Cfra Research cut shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Visteon in a research report on Friday, July 25th. Finally, Wolfe Research upgraded shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 price target for the company in a research report on Wednesday, July 2nd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Visteon Stock Performance

VC opened at $121.01 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 4.70 and a beta of 1.22. Visteon has a 52-week low of $65.10 and a 52-week high of $123.78. The firm’s fifty day simple moving average is $104.90 and its two-hundred day simple moving average is $89.35.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.35. The firm had revenue of $969.00 million for the quarter, compared to the consensus estimate of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $2.54 earnings per share. Equities analysts anticipate that Visteon will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the transaction, the senior vice president owned 18,838 shares in the company, valued at approximately $2,260,560. This represents a 9.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the company’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the transaction, the senior vice president owned 6,698 shares of the company’s stock, valued at approximately $770,872.82. The trade was a 9.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,710 shares of company stock valued at $522,014. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visteon

A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its holdings in shares of Visteon by 28.6% in the 2nd quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock valued at $207,364,000 after purchasing an additional 494,820 shares in the last quarter. Invesco Ltd. increased its holdings in Visteon by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,210,198 shares of the company’s stock valued at $93,936,000 after acquiring an additional 25,687 shares in the last quarter. State Street Corp increased its holdings in Visteon by 3.1% during the 2nd quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after acquiring an additional 33,155 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock valued at $74,886,000 after acquiring an additional 124,897 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Visteon by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock valued at $65,316,000 after acquiring an additional 14,662 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 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, local dimming, 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 assistants with natural language understanding.