Royal Bank Of Canada restated their hold rating on shares of Visteon Corporation (NYSE:VC) in a research note released on Wednesday morning. They currently have a $126.00 price target on the auto parts company’s stock.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Visteon Corporation from a hold rating to a buy rating and set a $117.00 price objective on the stock in a research note on Thursday, July 13th. BidaskClub cut shares of Visteon Corporation from a strong-buy rating to a buy rating in a research note on Monday, July 31st. Robert W. Baird reaffirmed a buy rating and set a $143.00 price objective on shares of Visteon Corporation in a research note on Tuesday. Barclays PLC reaffirmed an equal weight rating and set a $98.00 price objective (up previously from $97.00) on shares of Visteon Corporation in a research note on Wednesday, August 2nd. Finally, Gabelli cut shares of Visteon Corporation from a buy rating to a hold rating in a research note on Friday, July 28th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $119.21.
Shares of Visteon Corporation (NYSE VC) traded down 0.77% during mid-day trading on Wednesday, hitting $122.91. The company’s stock had a trading volume of 145,285 shares. The company has a 50-day moving average price of $121.63 and a 200-day moving average price of $107.87. Visteon Corporation has a 1-year low of $66.40 and a 1-year high of $128.39. The stock has a market cap of $3.83 billion, a PE ratio of 29.71 and a beta of 0.85.
Visteon Corporation (NYSE:VC) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. The company had revenue of $774.00 million for the quarter, compared to the consensus estimate of $770.96 million. During the same quarter in the prior year, the company earned $1.22 EPS. Visteon Corporation’s quarterly revenue was up .1% on a year-over-year basis. Analysts predict that Visteon Corporation will post $6.13 EPS for the current fiscal year.
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In related news, CEO Sachin Lawande sold 2,004 shares of Visteon Corporation stock in a transaction on Monday, October 16th. The shares were sold at an average price of $123.90, for a total value of $248,295.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sunil K. Bilolikar sold 2,394 shares of Visteon Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $110.93, for a total transaction of $265,566.42. Following the completion of the sale, the insider now directly owns 300 shares in the company, valued at approximately $33,279. The disclosure for this sale can be found here. Insiders sold a total of 7,375 shares of company stock worth $864,312 in the last three months. 0.19% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in Visteon Corporation by 2,531.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 962 shares during the period. The Manufacturers Life Insurance Company grew its stake in Visteon Corporation by 6.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 61 shares during the period. Quantbot Technologies LP grew its stake in Visteon Corporation by 2.8% in the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 30 shares during the period. BNP Paribas Arbitrage SA grew its stake in Visteon Corporation by 64.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 526 shares during the period. Finally, Riverhead Capital Management LLC acquired a new stake in Visteon Corporation in the 2nd quarter valued at $153,000.
Visteon Corporation Company Profile
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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