Visteon Corporation (NASDAQ:VC) Receives $124.42 Average PT from Analysts

Shares of Visteon Corporation (NASDAQ:VC) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $124.4167.

A number of analysts recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Monday, April 27th. Robert W. Baird raised their price objective on shares of Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. UBS Group raised their price objective on shares of Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Morgan Stanley set a $115.00 price objective on shares of Visteon in a research note on Monday, April 27th.

Insider Transactions at Visteon

In other news, CEO Sachin Lawande sold 38,817 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the sale, the chief executive officer directly owned 193,822 shares of the company’s stock, valued at $22,023,993.86. This represents a 16.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of Visteon stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total transaction of $52,687.00. Following the transaction, the chief accounting officer directly owned 241 shares in the company, valued at approximately $26,731.72. This represents a 66.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 99,754 shares of company stock valued at $10,296,332. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Visteon

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Visteon in the 3rd quarter valued at $30,000. Plato Investment Management Ltd acquired a new stake in Visteon in the 3rd quarter valued at $48,000. UMB Bank n.a. increased its stake in Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after buying an additional 123 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Visteon by 72.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after buying an additional 177 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Stock Performance

Shares of Visteon stock opened at $110.75 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43. The firm has a market cap of $2.96 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.37 and a beta of 1.26. The firm has a 50 day simple moving average of $99.20 and a 200 day simple moving average of $99.15. Visteon has a fifty-two week low of $81.18 and a fifty-two week high of $129.10.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The company had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.47 EPS. Sell-side analysts predict that Visteon will post 8.54 earnings per share for the current fiscal year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.4%. Visteon’s dividend payout ratio is 18.27%.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.