Visteon (NASDAQ:VC) Rating Increased to Buy at Wall Street Zen

Visteon (NASDAQ:VC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other research analysts have also recently weighed in on VC. Morgan Stanley boosted their price objective on shares of Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. JPMorgan Chase & Co. cut their target price on shares of Visteon from $118.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Wolfe Research lowered shares of Visteon from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. UBS Group lowered their price target on Visteon from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a research note on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and an average price target of $122.33.

Visteon Stock Performance

Shares of VC opened at $85.28 on Monday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 1.04 and a beta of 1.15. The business’s fifty day simple moving average is $94.96 and its two-hundred day simple moving average is $104.18. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.

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

Insider Activity

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 175,527 shares in the company, valued at $16,401,242.88. This represents a 21.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of Visteon by 144.1% during 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. Cullen Frost Bankers Inc. bought a new stake in shares of Visteon in the third quarter worth about $30,000. USA Financial Formulas purchased a new stake in shares of Visteon in the third quarter worth about $44,000. Plato Investment Management Ltd bought a new position in Visteon during the third quarter valued at approximately $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 valued at $48,000 after buying an additional 123 shares during the last quarter. 99.71% of the stock is currently owned by 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.