Media headlines about Visteon (NYSE:VC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Visteon earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 46.6668877012238 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities analysts recently commented on VC shares. BMO Capital Markets set a $160.00 price objective on shares of Visteon and gave the company a “buy” rating in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of Visteon from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, December 27th. B. Riley lifted their target price on shares of Visteon from $140.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Guggenheim reiterated a “buy” rating and set a $154.00 target price on shares of Visteon in a research report on Wednesday, January 10th. Finally, Longbow Research began coverage on shares of Visteon in a research report on Friday, January 5th. They set a “buy” rating and a $160.00 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $139.29.
Shares of VC traded up $0.65 during mid-day trading on Thursday, reaching $113.48. The company’s stock had a trading volume of 210,004 shares, compared to its average volume of 337,189. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon has a 52 week low of $91.20 and a 52 week high of $140.64.
Visteon announced that its Board of Directors has authorized a share buyback program on Tuesday, January 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other news, CEO Sachin Lawande sold 1,539 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $123.62, for a total value of $190,251.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.
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Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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