Visteon Corporation (NASDAQ:VC) Given Average Rating of “Moderate Buy” by Analysts

Visteon Corporation (NASDAQ:VC) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $135.4615.

VC has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on Visteon from $117.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. Robert W. Baird reissued a “neutral” rating and issued a $121.00 price target on shares of Visteon in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley lifted their target price on Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th. Finally, Weiss Ratings upgraded shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st.

Insider Activity

In related news, SVP Brett D. Pynnonen sold 5,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the sale, the senior vice president owned 8,503 shares of the company’s stock, valued at $1,020,360. This represents a 37.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the completion of the sale, the senior vice president owned 389 shares of the company’s stock, valued at approximately $46,275.44. This trade represents a 60.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,901 shares of company stock worth $6,699,220 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VC. Farther Finance Advisors LLC raised its stake in Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after acquiring an additional 123 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of Visteon by 183.7% in the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock valued at $55,000 after purchasing an additional 373 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Visteon by 1,195.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock worth $57,000 after purchasing an additional 550 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Visteon by 58.7% during the 2nd quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after purchasing an additional 215 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Stock Down 0.2%

Shares of NASDAQ:VC traded down $0.26 during trading hours on Monday, hitting $106.58. The company’s stock had a trading volume of 458,576 shares, compared to its average volume of 734,325. The firm’s fifty day moving average price is $112.64 and its 200 day moving average price is $101.72. Visteon has a 52 week low of $83.49 and a 52 week high of $129.10. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.80 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.31). The business had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 earnings per share. As a group, research analysts expect that Visteon will post 8.68 EPS for the current year.

Visteon Announces Dividend

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

Visteon Company Profile

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.