Gabelli upgraded shares of Visteon (NYSE:VC) from a hold rating to a buy rating in a research report released on Monday morning, Marketbeat.com reports. Gabelli currently has $158.00 target price on the auto parts company’s stock. Gabelli also issued estimates for Visteon’s FY2022 earnings at $14.15 EPS.
Other research analysts have also issued reports about the stock. Citigroup raised their price target on shares of Visteon from $113.00 to $126.00 and gave the company a neutral rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of Visteon from a hold rating to a buy rating and set a $141.00 price target on the stock in a research report on Tuesday, October 31st. B. Riley reissued a buy rating on shares of Visteon in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a hold rating and set a $138.00 price target on shares of Visteon in a research report on Wednesday, December 20th. Finally, ValuEngine raised shares of Visteon from a hold rating to a buy rating in a research report on Sunday, December 31st. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $137.76.
Visteon (NYSE VC) opened at $128.41 on Monday. Visteon has a 12 month low of $91.20 and a 12 month high of $140.64. The firm has a market cap of $3,940.00, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.
Visteon declared that its board has authorized a stock repurchase program on Tuesday, January 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
In other news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $130.94, for a total value of $654,700.00. Following the completion of the transaction, the chief executive officer now owns 8,595 shares in the company, valued at $1,125,429.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 15,000 shares of company stock valued at $1,938,500 in the last quarter. Corporate insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Visteon by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 61 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Visteon by 3.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 11,184 shares of the auto parts company’s stock worth $1,384,000 after purchasing an additional 412 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Visteon by 32.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,773 shares of the auto parts company’s stock worth $219,000 after purchasing an additional 433 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Visteon by 42.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 526 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of Visteon by 5.7% in the fourth quarter. Aperio Group LLC now owns 12,623 shares of the auto parts company’s stock valued at $1,580,000 after acquiring an additional 679 shares during the period.
Visteon Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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