Guggenheim began coverage on shares of Visteon (NYSE:VC) in a research note released on Wednesday, MarketBeat reports. The firm issued a buy rating and a $140.00 price objective on the auto parts company’s stock.
A number of other brokerages have also recently commented on VC. Royal Bank of Canada reiterated a hold rating and issued a $138.00 target price on shares of Visteon in a report on Wednesday, December 20th. Zacks Investment Research cut Visteon from a buy rating to a hold rating in a report on Thursday, December 28th. Barclays lifted their target price on Visteon from $107.00 to $112.00 and gave the stock an equal weight rating in a report on Friday, October 27th. FBR & Co lifted their target price on Visteon from $120.00 to $140.00 and gave the stock a buy rating in a report on Friday, October 27th. Finally, Citigroup lifted their target price on Visteon from $113.00 to $126.00 and gave the stock a neutral rating in a report on Monday, October 30th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $127.81.
Visteon (NYSE VC) opened at $136.74 on Wednesday. The firm has a market capitalization of $56.21, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon has a 1-year low of $81.46 and a 1-year high of $137.13.
Visteon (NYSE:VC) last released its quarterly earnings results 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. The business had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. equities research analysts expect that Visteon will post 6.23 earnings per share for the current fiscal year.
In related news, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $126.05, for a total transaction of $315,125.00. Following the completion of the sale, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at approximately $1,083,399.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 14,504 shares of company stock valued at $1,855,621 over the last three months. 0.19% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in Visteon by 2,531.6% during 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 purchasing an additional 962 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Visteon by 6.2% during 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 purchasing an additional 61 shares in the last quarter. Quantbot Technologies LP raised its position in Visteon by 2.8% during the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 30 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Visteon by 64.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 526 shares in the last quarter. Finally, Riverhead Capital Management LLC bought a new stake in Visteon during the 2nd quarter valued at $153,000.
Visteon 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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