Visteon (NASDAQ:VC) Lowered to “Hold” Rating by Wall Street Zen

Visteon (NASDAQ:VC) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on Visteon in a report on Friday, February 20th. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Barclays reduced their target price on Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Robert W. Baird lowered their price target on Visteon from $126.00 to $119.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Royal Bank Of Canada dropped their price objective on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.25.

Visteon Stock Performance

Shares of VC opened at $91.38 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.80. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 1.11 and a beta of 1.15. The company’s 50 day simple moving average is $93.68 and its 200 day simple moving average is $101.90. Visteon has a 1 year low of $65.10 and a 1 year high of $129.10.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.88. The firm 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 revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.44 earnings per share. On average, sell-side analysts predict that Visteon will post 8.42 EPS for the current year.

Insider Buying and Selling at Visteon

In related news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total value of $4,620,888.32. Following the transaction, the chief executive officer owned 175,527 shares in the company, valued at approximately $16,401,242.88. This trade represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners acquired a new position in shares of Visteon in the 4th quarter valued at about $25,342,000. Squarepoint Ops LLC acquired a new stake in Visteon during the 4th quarter worth approximately $22,361,000. First Trust Advisors LP raised its holdings in Visteon by 483.0% in the fourth quarter. First Trust Advisors LP now owns 231,682 shares of the company’s stock valued at $22,033,000 after buying an additional 191,943 shares during the period. Victory Capital Management Inc. raised its holdings in Visteon by 16.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock valued at $126,902,000 after buying an additional 187,347 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Visteon by 64.6% during the third quarter. Principal Financial Group Inc. now owns 422,392 shares of the company’s stock valued at $50,628,000 after buying an additional 165,729 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.