Visteon Corporation (NASDAQ:VC) Receives Average Rating of “Moderate Buy” from Brokerages

Visteon Corporation (NASDAQ:VC) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $131.8462.

VC has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price objective on Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Bank of America boosted their price target on Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Cfra Research downgraded Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. Wells Fargo & Company boosted their price target on Visteon from $145.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Finally, UBS Group lowered their price target on Visteon from $146.00 to $142.00 and set a “buy” rating for the company in a research report on Friday.

Insider Transactions at Visteon

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 transaction of $524,305.50. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the sale, 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 is available in the SEC filing. In the last three months, insiders have sold 10,392 shares of company stock valued at $1,256,581. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Visteon

Several institutional investors and hedge funds have recently modified their holdings of the stock. Amundi boosted its position in shares of Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after buying an additional 86 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of Visteon by 1.7% in the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock worth $550,000 after buying an additional 100 shares during the period. Cardinal Capital Management boosted its position in shares of Visteon by 0.7% in the second quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock worth $1,866,000 after buying an additional 139 shares during the period. Merit Financial Group LLC boosted its position in shares of Visteon by 7.4% in the third quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock worth $297,000 after buying an additional 171 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its position in shares of Visteon by 2.5% in the second quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company’s stock worth $751,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

VC stock opened at $107.32 on Wednesday. Visteon has a 52-week low of $65.10 and a 52-week high of $129.10. The stock’s fifty day simple moving average is $120.42 and its 200-day simple moving average is $103.59. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 2.46 and a beta of 1.22.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The business had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $945.41 million. During the same quarter last year, the firm earned $2.26 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. Equities research analysts expect that Visteon will post 8.42 EPS for the current year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon’s payout ratio is 9.88%.

Visteon Company Profile

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.