News headlines about Visteon (NYSE:VC) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Visteon earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 46.1761527231416 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
Shares of VC opened at $115.30 on Friday. Visteon has a fifty-two week low of $91.20 and a fifty-two week high of $140.64. 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 (NYSE:VC) last posted its earnings results on Thursday, February 22nd. The auto parts company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.09). The business had revenue of $797.00 million for the quarter, compared to analyst estimates of $797.55 million. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 EPS. analysts predict that Visteon will post 6.23 earnings per share for the current year.
Visteon declared that its board has authorized a stock buyback plan on Tuesday, January 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
Several analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Visteon from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday. Guggenheim set a $145.00 target price on shares of Visteon and gave the stock a “buy” rating in a research note on Friday, February 23rd. Susquehanna Bancshares set a $143.00 target price on shares of Visteon and gave the stock a “buy” rating in a research note on Wednesday, March 14th. BMO Capital Markets set a $160.00 target price on shares of Visteon and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Morgan Stanley lifted their target price on shares of Visteon from $112.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $140.88.
In related news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $129.26, for a total transaction of $646,300.00. Following the transaction, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,110,989.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.
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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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