Visteon (NASDAQ:VC) Cut to Peer Perform at Wolfe Research

Wolfe Research downgraded shares of Visteon (NASDAQ:VC) from an outperform rating to a peer perform rating in a research note published on Monday, Marketbeat Ratings reports.

Several other equities analysts have also issued reports on the stock. UBS Group cut their price target on shares of Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Zacks Research lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. The Goldman Sachs Group set a $150.00 price objective on shares of Visteon and gave the stock a “buy” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada increased their price objective on shares of Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and a consensus target price of $131.00.

Visteon Trading Down 1.3%

VC stock opened at $98.22 on Monday. The company has a market capitalization of $2.68 billion, a PE ratio of 8.82 and a beta of 1.15. The firm’s 50-day moving average is $101.04 and its 200 day moving average is $110.71. 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 0.18, a current ratio of 1.89 and a quick ratio of 1.56.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The firm had revenue of $917.00 million during the quarter, compared to the consensus estimate of $945.41 million. During the same quarter in the previous year, the firm posted $2.26 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. On average, research analysts anticipate that Visteon will post 8.42 EPS for the current year.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were issued a dividend of $0.275 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. Visteon’s dividend payout ratio is currently 9.88%.

Insiders Place Their Bets

In other Visteon news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the sale, the chief executive officer directly owned 175,527 shares in the company, valued at $19,311,480.54. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Visteon

A number of institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in shares of Visteon in the third quarter valued at approximately $30,000. USA Financial Formulas acquired a new stake in shares of Visteon in the 3rd quarter valued at about $44,000. Fifth Third Bancorp grew its position in shares of Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after acquiring an additional 204 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Visteon in the third quarter valued at $48,000. Finally, Hantz Financial Services Inc. increased its stake in Visteon by 72.0% in the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares during the period. 99.71% of the stock is 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.