B. Riley Boosts Visteon (VC) Price Target to $162.00

Visteon (NYSE:VC) had its price target hoisted by B. Riley from $140.00 to $162.00 in a research report released on Thursday, Marketbeat Ratings reports. B. Riley currently has a buy rating on the auto parts company’s stock. B. Riley also issued estimates for Visteon’s FY2017 earnings at $6.19 EPS.

A number of other equities research analysts have also recently issued reports on VC. BMO Capital Markets upgraded shares of Visteon from a market perform rating to an outperform rating and increased their target price for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Zacks Investment Research upgraded shares of Visteon from a hold rating to a buy rating and set a $139.00 target price for the company in a research report on Wednesday, September 27th. Jefferies Group started coverage on shares of Visteon in a research report on Thursday, September 28th. They set a hold rating and a $135.00 target price for the company. Royal Bank of Canada reiterated a hold rating and set a $115.00 target price on shares of Visteon in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reiterated a buy rating and set a $143.00 target price on shares of Visteon in a research report on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $132.31.

Visteon (NYSE:VC) opened at $138.03 on Thursday. The company has a market cap of $4,290.00, a PE ratio of 26.39, a PEG ratio of 1.34 and a beta of 0.86. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Visteon has a 1-year low of $86.10 and a 1-year high of $140.64.

Visteon (NYSE:VC) last announced its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. The business had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. research analysts anticipate that Visteon will post 6.23 earnings per share for the current fiscal year.

In other Visteon news, CEO Sachin Lawande sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $130.94, for a total value of $654,700.00. Following the completion of the sale, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,125,429.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 15,000 shares of company stock valued at $1,932,325 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Large investors have recently modified their holdings of the company. AXA acquired a new stake in shares of Visteon during the 2nd quarter worth approximately $531,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Visteon during the 3rd quarter worth approximately $293,000. Eagle Asset Management Inc. grew its position in shares of Visteon by 3.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock worth $85,074,000 after buying an additional 20,570 shares during the period. Quantbot Technologies LP grew its position in shares of Visteon by 426.7% during the 3rd quarter. Quantbot Technologies LP now owns 5,736 shares of the auto parts company’s stock worth $709,000 after buying an additional 4,647 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Visteon by 34.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,804,109 shares of the auto parts company’s stock worth $223,294,000 after buying an additional 465,508 shares during the period.

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About Visteon

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

Analyst Recommendations for Visteon (NYSE:VC)

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