Zacks Investment Research upgraded shares of Visteon Corp. (NYSE:VC) from a hold rating to a buy rating in a research report report published on Thursday morning. They currently have $80.00 price target on the stock.
According to Zacks, “Visteon Corp. operates as an automotive supplier engaged in the design, engineering and manufacturing of innovative climate, electronic, interior and lighting products for vehicle manufacturers. Products offered by the Company includes climate systems, powertrain control systems, engine induction systems, cockpit modules, front and rear lighting systems, engine management systems, and electronic products comprising integrated solutions, audio and infotainment, analog/digital instrument cluster, displays, control panel. Markets served by the Company include original equipment manufacturers and automotive aftermarket. Visteon Corp. is headquartered in Michigan, USA. “
Other analysts also recently issued reports about the stock. Deutsche Bank AG initiated coverage on shares of Visteon Corp. in a research report on Wednesday, July 20th. They issued a hold rating and a $80.00 target price for the company. FBR & Co reissued a buy rating on shares of Visteon Corp. in a research report on Sunday, September 11th. Raymond James Financial Inc. initiated coverage on shares of Visteon Corp. in a research report on Wednesday, June 22nd. They issued a market perform rating for the company. JPMorgan Chase & Co. reissued a buy rating and issued a $85.00 target price on shares of Visteon Corp. in a research report on Friday, July 29th. Finally, Robert W. Baird reissued a buy rating on shares of Visteon Corp. in a research report on Tuesday, June 28th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $88.21.
Shares of Visteon Corp. (NYSE:VC) opened at 70.44 on Thursday. The stock has a 50 day moving average of $71.36 and a 200 day moving average of $72.71. Visteon Corp. has a 52-week low of $58.83 and a 52-week high of $121.65. The company has a market cap of $2.40 billion, a P/E ratio of 38.24 and a beta of 1.29.
Visteon Corp. (NYSE:VC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.55. Visteon Corp. had a net margin of 2.22% and a return on equity of 11.55%. The firm had revenue of $773 million for the quarter, compared to the consensus estimate of $821.07 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts anticipate that Visteon Corp. will post $4.45 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Iridian Asset Management LLC CT boosted its position in Visteon Corp. by 25.0% in the second quarter. Iridian Asset Management LLC CT now owns 3,056,297 shares of the company’s stock valued at $201,135,000 after buying an additional 610,595 shares during the last quarter. Norges Bank bought a new position in Visteon Corp. during the fourth quarter valued at approximately $45,275,000. Mesirow Financial Investment Management Equity Management bought a new position in Visteon Corp. during the second quarter valued at approximately $18,529,000. Copper Rock Capital Partners LLC bought a new position in Visteon Corp. during the second quarter valued at approximately $18,079,000. Finally, First Eagle Investment Management LLC boosted its position in Visteon Corp. by 35.7% in the second quarter. First Eagle Investment Management LLC now owns 890,212 shares of the company’s stock valued at $58,585,000 after buying an additional 234,232 shares during the last quarter.
Visteon Corp. Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures products for original equipment vehicle manufacturer (OEM) across the world, including Ford, Nissan, Renault, Mazda, BMW, General Motors and Honda. The Company’s segments include Electronics, which provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems and telematics solutions, and Other, which includes entities located in Europe.
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