Visteon Corporation (NASDAQ:VC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Visteon Corporation (NASDAQ:VC) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $135.1538.

VC has been the subject of several analyst reports. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $115.00 to $145.00 in a report on Monday, June 22nd. TD Cowen lifted their price target on Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Visteon in a report on Wednesday, July 29th. UBS Group upped their price objective on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Visteon Stock Down 1.1%

Shares of VC opened at $103.20 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17. Visteon has a 12 month low of $83.49 and a 12 month high of $129.10. The firm’s 50 day moving average is $109.36 and its 200-day moving average is $102.57. The stock has a market capitalization of $2.75 billion, a PE ratio of 13.49, a P/E/G ratio of 0.67 and a beta of 1.29.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same quarter last year, the firm posted $2.39 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Visteon will post 8.49 EPS for the current year.

Visteon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued 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 1.5%. Visteon’s dividend payout ratio is 19.61%.

Insider Activity

In related news, SVP Brett D. Pynnonen sold 5,000 shares of the company’s 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 transaction, the senior vice president directly owned 8,503 shares in the company, valued at $1,020,360. This represents a 37.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 in the company, valued at $46,275.44. This represents a 60.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 8,600 shares of company stock worth $1,023,776. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in Visteon by 389.3% during the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after acquiring an additional 17,497 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Visteon by 31.5% in the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after purchasing an additional 59,764 shares during the last quarter. Amundi raised its position in Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after purchasing an additional 86 shares during the last quarter. Jump Financial LLC boosted its stake in shares of Visteon by 43.0% during the second quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock valued at $1,571,000 after purchasing an additional 5,059 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of Visteon during the second quarter valued at about $1,150,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.