Visteon Corporation (NYSE:VC)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued on Tuesday, October 17th. They presently have a $143.00 price target on the auto parts company’s stock. Robert W. Baird’s target price suggests a potential upside of 14.09% from the company’s previous close.
VC has been the topic of a number of other reports. BMO Capital Markets lifted their price target on Visteon Corporation from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. BidaskClub raised Visteon Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. J P Morgan Chase & Co reissued an “overweight” rating and set a $110.00 target price on shares of Visteon Corporation in a research note on Wednesday, June 21st. Barclays PLC reissued an “equal weight” rating and set a $98.00 target price (up from $97.00) on shares of Visteon Corporation in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC began coverage on Visteon Corporation in a research note on Thursday, September 28th. They set a “hold” rating and a $135.00 target price on the stock. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $123.86.
Visteon Corporation (NYSE:VC) traded down $0.28 during mid-day trading on Tuesday, reaching $125.34. The company’s stock had a trading volume of 69,128 shares, compared to its average volume of 247,678. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3,906.64, a price-to-earnings ratio of 19.78, a PEG ratio of 1.34 and a beta of 0.83. Visteon Corporation has a 1-year low of $67.36 and a 1-year high of $128.39.
Visteon Corporation (NYSE:VC) last released its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.17. The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. Visteon Corporation’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. sell-side analysts expect that Visteon Corporation will post 6.23 EPS for the current fiscal year.
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In other Visteon Corporation news, insider Matthew M. Cole sold 1,359 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.19, for a total transaction of $155,184.21. Following the completion of the transaction, the insider now owns 693 shares in the company, valued at approximately $79,133.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total value of $315,125.00. Following the transaction, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,083,399.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,481 shares of company stock valued at $913,870. Company insiders own 0.19% of the company’s stock.
Large investors have recently bought and sold shares of the company. Timpani Capital Management LLC lifted its stake in shares of Visteon Corporation by 48.0% in the 2nd quarter. Timpani Capital Management LLC now owns 20,126 shares of the auto parts company’s stock valued at $2,054,000 after purchasing an additional 6,525 shares during the last quarter. Leucadia National Corp bought a new stake in shares of Visteon Corporation in the 2nd quarter valued at approximately $1,531,000. James Investment Research Inc. lifted its stake in shares of Visteon Corporation by 817.2% during the 2nd quarter. James Investment Research Inc. now owns 14,675 shares of the auto parts company’s stock worth $1,498,000 after acquiring an additional 13,075 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Visteon Corporation by 16.8% during the 2nd quarter. First Trust Advisors LP now owns 43,853 shares of the auto parts company’s stock worth $4,476,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Visteon Corporation during the 1st quarter worth approximately $2,195,000.
About Visteon Corporation
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.
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