Visteon (VC) PT Raised to $162.00 at B. Riley

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

VC has been the subject of several other reports. Citigroup boosted their price objective on shares of Visteon from $113.00 to $126.00 and gave the company a neutral rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Visteon from a hold rating to a buy rating and set a $140.00 price objective for the company in a report on Wednesday, December 27th. Longbow Research began coverage on shares of Visteon in a report on Friday, January 5th. They set a buy rating and a $160.00 price objective for the company. Barclays boosted their price objective on shares of Visteon from $107.00 to $112.00 and gave the company an equal weight rating in a report on Friday, October 27th. Finally, BMO Capital Markets raised shares of Visteon from a market perform rating to an outperform rating and upped their target price for the company from $104.00 to $115.00 in a report on Friday, September 22nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $132.31.

Visteon (VC) opened at $138.03 on Thursday. 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 twelve month low of $86.10 and a twelve month high of $140.64. The firm has a market cap of $4,290.00, a P/E ratio of 26.39, a PEG ratio of 1.34 and a beta of 0.86.

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

In other Visteon news, CEO Sachin Lawande sold 2,004 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $123.90, for a total transaction of $248,295.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 17,004 shares of company stock valued at $2,180,621. 0.19% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP boosted its position in shares of Visteon by 2.8% in the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 30 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Visteon by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 61 shares during the period. ETRADE Capital Management LLC boosted its position in shares of Visteon by 5.2% in the second quarter. ETRADE Capital Management LLC now owns 5,261 shares of the auto parts company’s stock worth $537,000 after purchasing an additional 261 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Visteon by 3.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 11,184 shares of the auto parts company’s stock worth $1,384,000 after acquiring an additional 412 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Visteon by 32.3% during the third quarter. BNP Paribas Arbitrage SA now owns 1,773 shares of the auto parts company’s stock worth $219,000 after acquiring an additional 433 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This piece was first published by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.themarketsdaily.com/2018/01/14/visteon-vc-pt-raised-to-162-00-at-b-riley.html.

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)

Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply