Visteon (NYSE:VC) had its price objective increased by equities research analysts at Robert W. Baird from $150.00 to $170.00 in a research report issued to clients and investors on Monday. The brokerage presently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird’s target price would suggest a potential upside of 50.24% from the company’s previous close.
VC has been the subject of several other research reports. Zacks Investment Research cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. ValuEngine upgraded shares of Visteon from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada restated a “hold” rating and issued a $138.00 target price on shares of Visteon in a research report on Wednesday, December 20th. B. Riley upped their target price on shares of Visteon from $140.00 to $162.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Gabelli upgraded shares of Visteon from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research report on Monday, February 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $140.88.
NYSE VC traded up $1.05 on Monday, hitting $113.15. The stock had a trading volume of 74,883 shares, compared to its average volume of 331,419. Visteon has a one year low of $91.20 and a one year high of $140.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97.
Visteon (NYSE:VC) last posted its earnings results on Thursday, February 22nd. The auto parts company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.09). Visteon had a return on equity of 29.13% and a net margin of 4.83%. The firm had revenue of $797.00 million during the quarter, compared to the consensus estimate of $797.55 million. During the same quarter last year, the company posted $1.55 EPS. Visteon’s revenue for the quarter was down 2.3% on a year-over-year basis. equities research analysts expect that Visteon will post 6.23 earnings per share for the current fiscal year.
Visteon announced that its Board of Directors has authorized a share repurchase program on Tuesday, January 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
In other news, CEO Sachin Lawande sold 1,539 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $123.62, for a total value of $190,251.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.19% of the company’s stock.
Several large investors have recently modified their holdings of VC. Carillon Tower Advisers Inc. acquired a new stake in Visteon during the fourth quarter valued at approximately $60,689,000. Victory Capital Management Inc. lifted its stake in Visteon by 136.3% during the fourth quarter. Victory Capital Management Inc. now owns 417,742 shares of the auto parts company’s stock valued at $52,276,000 after purchasing an additional 240,980 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Visteon during the fourth quarter valued at approximately $30,134,000. Old Mutual Global Investors UK Ltd. lifted its stake in Visteon by 83.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 314,541 shares of the auto parts company’s stock valued at $39,361,000 after purchasing an additional 142,930 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Visteon by 337.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 127,249 shares of the auto parts company’s stock valued at $15,924,000 after purchasing an additional 98,174 shares during the last quarter.
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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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