Visteon (NASDAQ:VC) Stock Price Up 6.9% – What’s Next?

Visteon Corporation (NASDAQ:VCGet Free Report) shot up 6.9% on Thursday . The stock traded as high as $107.34 and last traded at $106.8740. 691,434 shares were traded during mid-day trading, an increase of 17% from the average session volume of 588,885 shares. The stock had previously closed at $99.99.

Visteon News Summary

Here are the key news stories impacting Visteon this week:

Wall Street Analysts Forecast Growth

VC has been the topic of several research analyst reports. UBS Group cut their price objective on Visteon from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 target price on Visteon in a research report on Friday, February 20th. Robert W. Baird cut their price target on shares of Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company reduced their price target on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.08.

Get Our Latest Stock Report on Visteon

Visteon Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.80. The firm has a fifty day simple moving average of $93.50 and a 200 day simple moving average of $99.30. The company has a market capitalization of $2.94 billion, a PE ratio of 11.56, a P/E/G ratio of 1.24 and a beta of 1.15.

Visteon (NASDAQ:VCGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.24). The firm had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. Visteon had a return on equity of 17.94% and a net margin of 6.93%.Visteon’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 EPS. Equities analysts anticipate that Visteon Corporation will post 8.62 EPS for the current year.

Visteon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.375 per share. This is a positive change from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.50 dividend on an annualized basis and a yield of 1.4%. Visteon’s payout ratio is 15.91%.

Insider Activity at Visteon

In other news, CEO Sachin Lawande sold 49,453 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the transaction, the chief executive officer directly owned 175,527 shares in the company, valued at approximately $16,401,242.88. This trade represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new position in shares of Visteon in the 3rd quarter worth $30,000. Farther Finance Advisors LLC boosted its position in Visteon by 144.1% during the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Visteon in the third quarter valued at about $48,000. Hantz Financial Services Inc. grew its stake in Visteon by 72.0% in the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Visteon in the third quarter worth about $54,000. Institutional investors own 99.71% of the company’s stock.

About Visteon

(Get Free Report)

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.

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