Visteon (NASDAQ:VC – Get Rating) was upgraded by equities research analysts at Exane BNP Paribas from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, The Fly reports.
Other equities analysts also recently issued reports about the company. Barclays dropped their price target on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Citigroup dropped their price target on Visteon from $119.00 to $108.00 in a research note on Tuesday, April 5th. Bank of America raised Visteon from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $122.00 to $140.00 in a report on Wednesday, April 6th. The Goldman Sachs Group decreased their target price on Visteon from $150.00 to $137.00 in a report on Wednesday, June 1st. Finally, Morgan Stanley raised Visteon from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $72.00 to $93.00 in a report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and a consensus price target of $125.83.
VC stock traded down $1.63 on Monday, reaching $106.88. 4,352 shares of the company traded hands, compared to its average volume of 340,712. Visteon has a one year low of $88.82 and a one year high of $134.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.32. The company has a market cap of $3.00 billion, a P/E ratio of 64.84 and a beta of 1.74. The firm has a fifty day simple moving average of $105.28 and a 200-day simple moving average of $106.24.
Visteon (NASDAQ:VC – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.73 by $0.36. Visteon had a return on equity of 13.40% and a net margin of 1.65%. The business had revenue of $818.00 million for the quarter, compared to the consensus estimate of $731.40 million. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts forecast that Visteon will post 4.9 EPS for the current year.
In related news, VP Brett D. Pynnonen sold 2,000 shares of Visteon stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $113.75, for a total value of $227,500.00. Following the completion of the transaction, the vice president now owns 8,111 shares in the company, valued at $922,626.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.
Large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System boosted its holdings in shares of Visteon by 1.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the company’s stock valued at $800,000 after purchasing an additional 100 shares during the period. Spire Wealth Management purchased a new stake in shares of Visteon in the fourth quarter valued at approximately $30,000. Retirement Systems of Alabama boosted its holdings in shares of Visteon by 1.2% in the fourth quarter. Retirement Systems of Alabama now owns 36,662 shares of the company’s stock valued at $4,075,000 after purchasing an additional 427 shares during the period. Sciencast Management LP purchased a new stake in shares of Visteon in the fourth quarter valued at approximately $381,000. Finally, Concord Wealth Partners boosted its holdings in shares of Visteon by 182.3% in the fourth quarter. Concord Wealth Partners now owns 525 shares of the company’s stock valued at $58,000 after purchasing an additional 339 shares during the period.
About Visteon (Get Rating)
Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.