Analysts Set Visteon Corporation (NASDAQ:VC) Target Price at $122.33

Visteon Corporation (NASDAQ:VC) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $122.3333.

A number of brokerages recently weighed in on VC. Royal Bank Of Canada reduced their target price on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Barclays dropped their price target on Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Morgan Stanley raised their price objective on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Wells Fargo & Company reduced their price objective on Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft set a $117.00 target price on Visteon in a report on Friday, February 20th.

Visteon Stock Performance

Shares of VC stock opened at $85.71 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 firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. Visteon has a one year low of $65.10 and a one year high of $129.10. The company has a 50 day moving average price of $93.77 and a 200 day moving average price of $102.51.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. The company 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 for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $4.44 EPS. Sell-side analysts anticipate that Visteon will post 8.42 EPS for the current year.

Visteon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.375 per share. This is an increase from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, March 2nd. Visteon’s payout ratio is presently 15.91%.

Insider Activity

In related news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total transaction 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. 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. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VC. Farther Finance Advisors LLC lifted its position in Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Visteon in the third quarter valued at approximately $30,000. USA Financial Formulas acquired a new stake in Visteon in the third quarter valued at approximately $44,000. Plato Investment Management Ltd purchased a new stake in shares of Visteon during the third quarter valued at approximately $48,000. Finally, UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 123 shares during the period. 99.71% of the stock is 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.