Visteon Corporation (NASDAQ:VC) Receives $135.54 Consensus Target Price from Brokerages

Shares of Visteon Corporation (NASDAQ:VC) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $135.5385.

VC has been the subject of several research analyst reports. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $115.00 to $145.00 in a research note on Monday, June 22nd. Morgan Stanley increased their price target on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Wells Fargo & Company lowered their price objective on shares of Visteon from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $121.00 target price on shares of Visteon in a research report on Friday, June 26th.

Visteon Price Performance

Shares of NASDAQ:VC opened at $101.82 on Tuesday. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.66 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The firm has a 50 day simple moving average of $104.87 and a 200 day simple moving average of $103.73. Visteon has a one year low of $83.49 and a one year high of $129.10.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30). The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. Visteon’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.39 earnings per share. Research analysts predict that Visteon will post 8.41 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.50 annualized dividend and a yield of 1.5%. Visteon’s dividend payout ratio (DPR) is presently 19.61%.

Insider Activity at Visteon

In other Visteon news, SVP Brett D. Pynnonen sold 5,000 shares of Visteon stock in a transaction dated Friday, June 5th. The stock was 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 owned 8,503 shares in the company, valued at approximately $1,020,360. The trade was a 37.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Visteon

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the period. UMB Bank n.a. boosted its stake in Visteon by 32.1% in the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after acquiring an additional 123 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of Visteon by 183.7% during the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock valued at $55,000 after acquiring an additional 373 shares during the period. Versant Capital Management Inc increased its stake in shares of Visteon by 58.7% during the 2nd quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after purchasing an additional 215 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Visteon by 1,195.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock worth $57,000 after purchasing an additional 550 shares during the last quarter. Hedge funds and other 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.