Visteon (NASDAQ:VC) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Visteon (NASDAQ:VC) from a hold rating to a buy rating in a research note released on Friday morning.

VC has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of Visteon from $101.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Robert W. Baird set a $144.00 price target on shares of Visteon in a research note on Wednesday, September 3rd. UBS Group reiterated a “buy” rating and set a $146.00 price target (up previously from $142.00) on shares of Visteon in a research note on Friday, July 25th. Finally, Barclays lifted their target price on shares of Visteon from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $127.08.

Visteon Trading Down 1.1%

NASDAQ:VC opened at $120.95 on Friday. The company’s 50 day moving average price is $121.31 and its 200-day moving average price is $98.88. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10. 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 stock has a market cap of $3.30 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 2.80 and a beta of 1.22.

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

Visteon Dividend Announcement

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

Insider Activity at Visteon

In related news, Director Francis M. Scricco sold 4,350 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director directly owned 2,792 shares in the company, valued at approximately $336,519.76. This represents a 60.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Joao Paulo Ribeiro sold 710 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were 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 in the company, valued at $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,102 shares of company stock worth $1,338,295. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in shares of Visteon by 28.6% in the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock worth $207,364,000 after acquiring an additional 494,820 shares during the period. Invesco Ltd. grew its position in shares of Visteon by 2.2% in the first quarter. Invesco Ltd. now owns 1,210,198 shares of the company’s stock valued at $93,936,000 after purchasing an additional 25,687 shares during the period. State Street Corp lifted its stake in shares of Visteon by 3.1% in the second quarter. State Street Corp now owns 1,107,091 shares of the company’s stock worth $103,292,000 after buying an additional 33,155 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Visteon by 2.1% in the second quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock worth $65,316,000 after buying an additional 14,662 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Visteon by 40.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 546,099 shares of the company’s stock worth $42,389,000 after buying an additional 156,567 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.