Wells Fargo & Co reiterated their market perform rating on shares of Visteon (NYSE:VC) in a research report released on Wednesday, The Fly reports. Wells Fargo & Co currently has a $86.00 price objective on the auto parts company’s stock, down from their prior price objective of $123.00.
Other analysts have also issued reports about the stock. Guggenheim set a $140.00 price objective on shares of Visteon and gave the company a buy rating in a research note on Friday, July 27th. Cowen restated a buy rating and set a $150.00 price objective on shares of Visteon in a research note on Friday, July 27th. Longbow Research set a $145.00 price target on shares of Visteon and gave the company a buy rating in a report on Thursday, July 26th. Raymond James reaffirmed a buy rating on shares of Visteon in a report on Monday, August 20th. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $123.00 price target on shares of Visteon in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $135.06.
NYSE:VC opened at $76.73 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. Visteon has a fifty-two week low of $73.28 and a fifty-two week high of $140.64.
Visteon (NYSE:VC) last released its quarterly earnings data on Thursday, July 26th. The auto parts company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.10). The firm had revenue of $758.00 million for the quarter, compared to the consensus estimate of $794.15 million. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 earnings per share. Analysts forecast that Visteon will post 6.23 EPS for the current year.
In related news, Director Harry James Wilson purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were purchased at an average price of $116.71 per share, with a total value of $291,775.00. Following the acquisition, the director now directly owns 2,600 shares in the company, valued at approximately $303,446. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert R. Vallance sold 850 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $116.85, for a total transaction of $99,322.50. Following the sale, the insider now directly owns 4,414 shares in the company, valued at approximately $515,775.90. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Visteon by 22.2% in the second quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock worth $320,071,000 after buying an additional 449,197 shares during the last quarter. Janus Henderson Group PLC raised its stake in Visteon by 97.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,868,892 shares of the auto parts company’s stock worth $241,536,000 after acquiring an additional 923,916 shares during the period. Waddell & Reed Financial Inc. raised its stake in Visteon by 13.0% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 773,909 shares of the auto parts company’s stock worth $100,020,000 after acquiring an additional 88,745 shares during the period. Artisan Partners Limited Partnership raised its stake in Visteon by 18.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 636,173 shares of the auto parts company’s stock worth $82,219,000 after acquiring an additional 99,216 shares during the period. Finally, Carillon Tower Advisers Inc. raised its stake in Visteon by 4.3% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 538,481 shares of the auto parts company’s stock worth $69,593,000 after acquiring an additional 22,160 shares during the period.
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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