Wall Street Zen Downgrades Visteon (NASDAQ:VC) to Hold

Visteon (NASDAQ:VC) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Other equities analysts also recently issued research reports about the company. Morgan Stanley upped their price objective on Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th. Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Monday, April 27th. UBS Group upped their price target on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group increased their price target on Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings raised Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.46.

Visteon Stock Performance

VC stock traded down $0.26 during mid-day trading on Friday, hitting $106.58. The company had a trading volume of 458,576 shares, compared to its average volume of 734,325. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73. The firm has a market cap of $2.84 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.80 and a beta of 1.29. Visteon has a 12 month low of $83.49 and a 12 month high of $129.10. The stock’s fifty day moving average price is $112.64 and its two-hundred day moving average price is $101.72.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The company had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. During the same period in the prior year, the company earned $2.47 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Visteon will post 8.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Visteon

In other news, SVP Seungkyung Kim sold 600 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total value of $71,376.00. Following the completion of the transaction, the senior vice president directly owned 389 shares of the company’s stock, valued at $46,275.44. This trade represents a 60.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sachin Lawande sold 38,817 shares of Visteon stock in a transaction on Friday, April 24th. The shares were sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the transaction, the chief executive officer owned 193,822 shares of the company’s stock, valued at approximately $22,023,993.86. This trade represents a 16.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 58,901 shares of company stock worth $6,699,220. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VC. Amundi lifted its holdings in shares of Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after buying an additional 86 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in Visteon by 1.2% during the third quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after acquiring an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Visteon by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock valued at $509,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. boosted its stake in Visteon by 1.8% during the fourth quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock valued at $622,000 after buying an additional 116 shares during the period. Finally, UMB Bank n.a. boosted its stake in 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 buying an additional 123 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.