Visteon (NASDAQ:VC) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Visteon (NASDAQ:VC) from a hold rating to a buy rating in a research report released on Saturday.

Several other equities analysts also recently weighed in on the stock. The Goldman Sachs Group set a $120.00 price target on shares of Visteon in a research note on Thursday, January 15th. Wells Fargo & Company decreased their target price on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a research report on Friday, February 20th. Royal Bank Of Canada reduced their price objective on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Morgan Stanley upped their target price on Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.33.

Visteon Price Performance

Shares of Visteon stock opened at $90.33 on Friday. The stock has a market capitalization of $2.42 billion, a P/E ratio of 9.58, a PEG ratio of 1.09 and a beta of 1.15. The business has a 50 day simple moving average of $97.05 and a two-hundred day simple moving average of $106.82. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53.

Visteon (NASDAQ:VC) last issued 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 firm had revenue of $948.00 million during the quarter, compared to analysts’ expectations of $920.25 million. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.44 earnings per share. As a group, analysts predict that Visteon will post 8.42 EPS for the current fiscal year.

Visteon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 2nd. 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. Visteon’s dividend payout ratio is 15.91%.

Insider Activity at Visteon

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were 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 owned 175,527 shares in the company, valued at $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings in Visteon by 2,564.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,078 shares of the company’s stock worth $198,000 after purchasing an additional 2,000 shares during the period. Villanova Investment Management Co LLC boosted its stake in shares of Visteon by 119.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 23,913 shares of the company’s stock valued at $2,274,000 after buying an additional 13,014 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Visteon by 10.1% in the 4th quarter. Pacer Advisors Inc. now owns 141,188 shares of the company’s stock valued at $13,427,000 after buying an additional 12,998 shares during the period. Invesco Ltd. boosted its stake in shares of Visteon by 8.4% in the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock valued at $119,220,000 after buying an additional 97,100 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Visteon by 10.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,000 shares of the company’s stock worth $380,000 after buying an additional 368 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other 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.