Brokerages Set Visteon Corporation (NASDAQ:VC) Price Target at $122.15

Visteon Corporation (NASDAQ:VC) has been given an average rating of “Moderate Buy” by the fifteen research firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $122.1538.

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on Visteon in a research report on Friday, February 20th. The Goldman Sachs Group set a $120.00 price target on shares of Visteon in a research report on Thursday, January 15th. Wells Fargo & Company reduced their price objective on Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. UBS Group lowered their price target on shares of Visteon from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Wolfe Research downgraded Visteon from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th.

Insiders Place Their Bets

In other news, CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total value of $4,620,888.32. Following the completion of the sale, the chief executive officer owned 175,527 shares of the company’s stock, valued at approximately $16,401,242.88. The trade was a 21.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Visteon

A number of hedge funds have recently bought and sold shares of VC. Amundi raised its stake in Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after acquiring an additional 86 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of 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 purchasing an additional 97 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of 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 purchasing an additional 116 shares during the last quarter. UMB Bank n.a. raised its position in shares of Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after purchasing an additional 123 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Visteon by 2.0% in the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock worth $965,000 after purchasing an additional 155 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Price Performance

Visteon stock opened at $90.60 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. The business has a 50 day simple moving average of $97.19 and a 200-day simple moving average of $107.13. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The stock has a market capitalization of $2.43 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.15.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.88. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The company had revenue of $948.00 million for the quarter, compared to analysts’ expectations of $920.25 million. During the same period in the previous year, the company posted $4.44 EPS. Visteon’s revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Visteon will post 8.42 earnings per share for the current year.

Visteon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid 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 is Monday, March 2nd. This represents a $1.50 dividend on an annualized basis and a yield of 1.7%. Visteon’s payout ratio is currently 15.91%.

About Visteon

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.