Visteon Corporation (NYSE:VC) had its price target hoisted by research analysts at UBS AG from $113.00 to $125.00 in a research note issued to investors on Thursday, October 19th, www.analystratings.com reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. UBS AG’s price objective points to a potential downside of 0.94% from the stock’s previous close.
VC has been the subject of several other research reports. Zacks Investment Research raised Visteon Corporation from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a report on Wednesday, September 27th. BidaskClub raised Visteon Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Gabelli downgraded Visteon Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets raised their price target on Visteon Corporation from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC assumed coverage on Visteon Corporation in a report on Thursday, September 28th. They set a “hold” rating and a $135.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $121.64.
Shares of Visteon Corporation (VC) traded down 0.30% during trading on Thursday, hitting $126.19. 268,965 shares of the stock were exchanged. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 30.50 and a beta of 0.85. Visteon Corporation has a 12-month low of $67.36 and a 12-month high of $128.39. The stock’s 50 day moving average is $122.57 and its 200-day moving average is $108.87.
Visteon Corporation (NYSE:VC) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.25 by $0.17. The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. Visteon Corporation had a return on equity of 29.44% and a net margin of 4.83%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Equities research analysts anticipate that Visteon Corporation will post $6.13 EPS for the current year.
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In other Visteon Corporation news, CEO Sachin Lawande sold 2,004 shares of Visteon Corporation stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $123.90, for a total value of $248,295.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sunil K. Bilolikar sold 2,394 shares of Visteon Corporation stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.93, for a total value of $265,566.42. Following the completion of the transaction, the insider now owns 300 shares in the company, valued at approximately $33,279. The disclosure for this sale can be found here. Insiders sold 7,375 shares of company stock worth $864,312 in the last 90 days. 0.19% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in VC. Tower Research Capital LLC TRC grew its holdings in shares of Visteon Corporation by 2,531.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 962 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Visteon Corporation by 6.2% during 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 during the last quarter. Quantbot Technologies LP grew its holdings in shares of Visteon Corporation by 2.8% during the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Visteon Corporation by 64.6% during the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 526 shares during the last quarter. Finally, Riverhead Capital Management LLC bought a new stake in shares of Visteon Corporation during the second quarter worth about $153,000.
Visteon Corporation 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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