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

Visteon Corporation (NASDAQ:VC) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $122.3333.

Several equities analysts have recently issued reports on VC shares. Robert W. Baird reduced their target price on Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. UBS Group cut their price target on shares of Visteon from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Wall Street Zen upgraded shares of Visteon from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Barclays dropped their target price on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada cut their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th.

Insiders Place Their Bets

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the sale, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at approximately $16,401,242.88. The trade was a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Visteon during the 3rd quarter valued at $30,000. USA Financial Formulas bought a new position in shares of Visteon in the 3rd quarter worth about $44,000. Plato Investment Management Ltd purchased a new position in Visteon during the 3rd quarter valued at about $48,000. Finally, UMB Bank n.a. boosted its stake in Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

Visteon stock opened at $87.83 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.36 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.07 and a beta of 1.15. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The firm has a 50-day moving average of $93.93 and a 200-day moving average of $103.13.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The company had revenue of $948.00 million for the quarter, compared to the consensus estimate of $920.25 million. During the same quarter in the previous year, the business earned $4.44 EPS. Visteon’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts expect that Visteon will post 8.42 EPS for the current year.

Visteon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.7%. This is a boost from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 2nd. Visteon’s dividend payout ratio (DPR) is 15.91%.

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.