Visteon (NASDAQ:VC) Rating Increased to Buy at Wall Street Zen

Visteon (NASDAQ:VC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group set a $120.00 price objective on Visteon in a research report on Thursday, January 15th. Robert W. Baird cut their target price on Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Barclays reduced their price target on Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. UBS Group dropped their price target on shares of Visteon from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Royal Bank Of Canada cut their price objective on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.33.

Visteon Trading Down 0.3%

NASDAQ:VC opened at $90.33 on Friday. The firm has a market capitalization of $2.42 billion, a P/E ratio of 9.58, a PEG ratio of 1.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. Visteon has a one year low of $65.10 and a one year high of $129.10. The company’s 50-day simple moving average is $97.05 and its 200 day simple moving average is $106.92.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The business had revenue of $948.00 million during the quarter, compared to the consensus estimate of $920.25 million. During the same quarter last year, the firm earned $4.44 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts forecast that Visteon will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sachin Lawande sold 49,453 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the completion of the sale, the chief executive officer owned 175,527 shares in the company, valued at approximately $16,401,242.88. This represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Amundi grew its stake in shares of Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after purchasing an additional 86 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of Visteon by 1.2% in the third quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock worth $976,000 after buying an additional 97 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Visteon by 1.8% in the fourth quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock worth $622,000 after buying an additional 116 shares during the last quarter. UMB Bank n.a. grew its position 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. Finally, Arizona State Retirement System grew its position in Visteon by 2.0% during the third quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock valued at $965,000 after buying an additional 155 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.