Shares of Visteon Corp (NYSE:VC) have been given a consensus rating of “Buy” by the twenty analysts that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $134.25.
Several analysts have weighed in on the company. Morgan Stanley lifted their target price on Visteon from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. downgraded Visteon from an “overweight” rating to a “neutral” rating and cut their target price for the company from $142.00 to $137.00 in a research note on Monday, January 22nd. Royal Bank of Canada cut their target price on Visteon to $131.00 and set a “sector perform” rating on the stock in a research note on Sunday, January 21st. B. Riley lifted their target price on Visteon from $140.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Guggenheim reaffirmed a “buy” rating and set a $154.00 target price on shares of Visteon in a research note on Wednesday, January 10th.
Shares of Visteon (NYSE VC) traded up $1.51 during midday trading on Friday, hitting $121.56. The company had a trading volume of 630,998 shares, compared to its average volume of 321,386. The company has a market cap of $3,730.00, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85. Visteon has a 1-year low of $88.29 and a 1-year high of $140.64. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.
Visteon announced that its board has approved a share buyback program on Tuesday, January 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, CEO Sachin Lawande sold 5,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $130.94, for a total value of $654,700.00. Following the sale, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,125,429.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 17,500 shares of company stock worth $2,263,500 in the last three months. Company insiders own 0.19% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Visteon by 2,531.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock worth $102,000 after acquiring an additional 962 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Visteon by 6.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 61 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of Visteon by 2.8% in the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Visteon by 32.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,773 shares of the auto parts company’s stock worth $219,000 after acquiring an additional 433 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in shares of Visteon in the 3rd quarter worth $220,000.
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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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