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

Shares of Visteon Corporation (NASDAQ:VC) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $122.1538.

VC has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on shares of Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Wolfe Research cut Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. The Goldman Sachs Group set a $120.00 price objective on Visteon in a research note on Thursday, January 15th. Royal Bank Of Canada dropped their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, Barclays cut their price objective on Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd.

Institutional Investors Weigh In On Visteon

Institutional investors and hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new position in Visteon in the third quarter valued at about $30,000. Farther Finance Advisors LLC boosted its stake in shares of Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares during the last quarter. USA Financial Formulas bought a new position in shares of Visteon in the 3rd quarter valued at about $44,000. Plato Investment Management Ltd acquired a new stake in shares of Visteon during the 3rd quarter worth approximately $48,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Visteon by 72.0% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after buying an additional 177 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Down 0.2%

VC opened at $95.45 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. The company has a market capitalization of $2.56 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.16. The business has a 50-day moving average of $97.46 and a 200-day moving average of $107.54. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, February 19th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.08 by $0.88. The company had revenue of $948.00 million for the quarter, compared to analyst estimates of $920.25 million. Visteon had a net margin of 6.93% and a return on equity of 17.94%. Visteon’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.44 EPS. Equities research analysts forecast that Visteon will post 8.42 EPS for the current fiscal year.

Visteon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.50 annualized dividend and a yield of 1.6%. This is a positive change from Visteon’s previous quarterly dividend of $0.28. Visteon’s dividend payout ratio (DPR) is currently 15.91%.

Visteon Company Profile

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.