Visteon Corporation (NASDAQ:VC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Visteon Corporation (NASDAQ:VC) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $127.0769.

Several equities analysts have recently issued reports on VC shares. Cfra Research lowered Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. The Goldman Sachs Group set a $147.00 target price on shares of Visteon in a report on Monday, September 29th. Morgan Stanley lifted their target price on shares of Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Barclays lifted their target price on shares of Visteon from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th.

Insiders Place Their Bets

In other Visteon news, Director Francis M. Scricco sold 4,350 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the completion of the transaction, the director owned 2,792 shares of the company’s stock, valued at approximately $336,519.76. The trade was a 60.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president directly owned 18,838 shares of the company’s stock, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,102 shares of company stock valued at $1,338,295. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

Hedge funds have recently bought and sold shares of the business. UMB Bank n.a. raised its position in Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $34,000 after buying an additional 324 shares during the last quarter. Fifth Third Bancorp raised its position in Visteon by 111.5% in the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after buying an additional 204 shares during the last quarter. Parallel Advisors LLC raised its position in Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock worth $37,000 after buying an additional 408 shares during the last quarter. EMC Capital Management purchased a new position in Visteon in the 2nd quarter worth about $45,000. Finally, GAMMA Investing LLC increased its position in shares of Visteon by 238.0% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $56,000 after purchasing an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

Shares of Visteon stock opened at $120.95 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.30 billion, a P/E ratio of 11.53, a P/E/G ratio of 2.80 and a beta of 1.22. The business has a fifty day simple moving average of $121.31 and a two-hundred day simple moving average of $98.88. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.04 by $0.35. The business had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a $0.275 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.10 annualized dividend and a yield of 0.9%. Visteon’s payout ratio is 10.49%.

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.