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

Shares of Visteon Corporation (NASDAQ:VC) have been given a consensus rating of “Moderate Buy” by the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $131.8462.

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Barclays set a $130.00 price objective on Visteon in a research report on Monday, October 27th. Wells Fargo & Company increased their target price on Visteon from $145.00 to $151.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Royal Bank Of Canada boosted their price target on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research report on Wednesday, October 8th.

Insider Buying and Selling at Visteon

In other news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $110.02, for a total transaction of $65,461.90. Following the transaction, the chief executive officer owned 175,527 shares in the company, valued at $19,311,480.54. This trade represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visteon

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its holdings in Visteon by 28.6% during the second 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 during the period. Pacer Advisors Inc. lifted its position in shares of Visteon by 2,402.0% during the 1st quarter. Pacer Advisors Inc. now owns 271,738 shares of the company’s stock valued at $21,092,000 after buying an additional 260,877 shares in the last quarter. New Vernon Capital Holdings II LLC purchased a new position in shares of Visteon during the 1st quarter valued at about $17,068,000. Nuveen LLC bought a new position in shares of Visteon during the 1st quarter valued at approximately $15,612,000. Finally, Principal Financial Group Inc. increased its holdings in Visteon by 64.6% in the 3rd quarter. Principal Financial Group Inc. now owns 422,392 shares of the company’s stock worth $50,628,000 after acquiring an additional 165,729 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Stock Performance

Shares of NASDAQ VC opened at $101.96 on Friday. The firm’s 50-day moving average price is $113.03 and its 200-day moving average price is $107.24. Visteon has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a market cap of $2.78 billion, a PE ratio of 9.16, a PEG ratio of 2.52 and a beta of 1.33. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18.

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

Visteon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon’s dividend payout ratio is currently 9.88%.

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.