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

Visteon Corporation (NASDAQ:VC) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $133.0769.

VC has been the topic of several research analyst reports. Robert W. Baird set a $141.00 price target on Visteon in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Visteon in a report on Wednesday, October 8th. The Goldman Sachs Group set a $150.00 price target on Visteon and gave the company a “buy” rating in a research note on Thursday, October 23rd. Wells Fargo & Company reduced their price target on shares of Visteon from $151.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Finally, UBS Group lowered their price objective on shares of Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, October 24th.

Visteon Stock Performance

Shares of NASDAQ VC opened at $101.89 on Monday. The firm’s 50-day moving average price is $101.47 and its 200-day moving average price is $110.72. 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 9.15 and a beta of 1.15. 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 issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The company had revenue of $917.00 million for the quarter, compared to the consensus estimate of $945.41 million. During the same quarter in the prior year, the firm earned $2.26 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts anticipate that Visteon will post 8.42 EPS for the current year.

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th were given a $0.275 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.10 annualized dividend and a yield of 1.1%. Visteon’s dividend payout ratio (DPR) is presently 9.88%.

Insider Buying and Selling at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the business’s 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 completion of the sale, the chief executive officer owned 175,527 shares of the company’s stock, valued at $19,311,480.54. The trade was a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visteon

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Visteon by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock worth $343,267,000 after buying an additional 12,903 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Visteon by 28.6% during the 2nd quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock valued at $207,364,000 after buying an additional 494,820 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Visteon by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,181,415 shares of the company’s stock worth $141,606,000 after buying an additional 4,734 shares during the period. Victory Capital Management Inc. increased its stake in Visteon by 8.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,147,059 shares of the company’s stock worth $137,486,000 after buying an additional 90,501 shares in the last quarter. Finally, State Street Corp raised its holdings in Visteon by 3.1% during the second 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 during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.