Visteon Corporation (NASDAQ:VC) Stock Has Average Price Target of $132.18

Shares of Visteon Corporation (NASDAQ:VC) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $132.18.

A number of research firms recently issued reports on VC. Wolfe Research cut shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 28th. TD Cowen raised their target price on shares of Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research note on Wednesday, July 29th. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $115.00 to $145.00 in a report on Monday, June 22nd. Finally, Morgan Stanley increased their price target on Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th.

Institutional Trading of Visteon

A number of hedge funds have recently made changes to their positions in VC. QRG Capital Management Inc. increased its stake in shares of Visteon by 32.7% in the second quarter. QRG Capital Management Inc. now owns 10,743 shares of the company’s stock valued at $1,066,000 after buying an additional 2,648 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Visteon during the 2nd quarter worth approximately $201,000. WINTON GROUP Ltd boosted its position in Visteon by 63.4% during the 2nd quarter. WINTON GROUP Ltd now owns 23,460 shares of the company’s stock worth $2,327,000 after buying an additional 9,106 shares during the period. Engineers Gate Manager LP boosted its position in Visteon by 60.9% during the 2nd quarter. Engineers Gate Manager LP now owns 88,766 shares of the company’s stock worth $8,806,000 after buying an additional 33,612 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in Visteon during the 2nd quarter worth approximately $3,057,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Stock Up 0.7%

Shares of VC opened at $90.46 on Friday. The firm has a 50 day simple moving average of $101.96 and a two-hundred day simple moving average of $103.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. Visteon has a one year low of $83.49 and a one year high of $126.95. The company has a market cap of $2.41 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.58 and a beta of 1.30.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same period last year, the company posted $2.39 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts forecast that Visteon will post 8.38 EPS for the current fiscal year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Visteon’s dividend payout ratio is presently 19.61%.

Visteon Company Profile

Visteon Corporation (NASDAQ:VC) is a global automotive technology company that develops and supplies electronic products and software for vehicle manufacturers. Its solutions are designed to support the transition toward connected, digital and software-defined vehicles.

The company’s product portfolio includes digital instrument clusters, vehicle information displays, infotainment systems, cockpit domain controllers and connected-car technologies. Visteon also develops battery-management systems and other electronics used in electric and hybrid vehicles, as well as climate-control and thermal-management electronics for automotive applications.

Visteon was established in 2000 after being spun off from Ford Motor Company and is headquartered in Van Buren Township, Michigan.