Visteon (NASDAQ:VC) Stock Rating Lowered by Wall Street Zen

Visteon (NASDAQ:VC) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other equities research analysts have also weighed in on VC. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. UBS Group reduced their target price on Visteon from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 20th. Robert W. Baird dropped their price target on Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Wells Fargo & Company reduced their price objective on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Finally, Morgan Stanley raised their price objective on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research note 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.33.

Visteon Stock Performance

Shares of VC opened at $90.06 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. The firm’s 50 day moving average is $96.34 and its 200-day moving average is $105.25. Visteon has a 12-month low of $65.10 and a 12-month high of $129.10. The stock has a market capitalization of $2.42 billion, a P/E ratio of 9.55, a P/E/G ratio of 1.08 and a beta of 1.15.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, February 19th. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.08 by $0.88. The business had revenue of $948.00 million during 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%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.44 earnings per share. Equities research analysts anticipate that Visteon will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction that occurred 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 directly owned 175,527 shares of the company’s stock, valued at approximately $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Visteon by 389.3% during the first quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after acquiring an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Visteon by 31.5% during the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after purchasing an additional 59,764 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Visteon by 42.4% in the second quarter. Envestnet Asset Management Inc. now owns 35,161 shares of the company’s stock valued at $3,280,000 after purchasing an additional 10,463 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Visteon by 16.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,713 shares of the company’s stock worth $346,000 after purchasing an additional 514 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Visteon by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock worth $65,316,000 after purchasing an additional 14,662 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.