Visteon Corp (NYSE:VC) – Stock analysts at Jefferies Financial Group issued their FY2018 EPS estimates for Visteon in a report released on Monday, December 3rd. Jefferies Financial Group analyst D. Kelley anticipates that the auto parts company will earn $5.61 per share for the year. Jefferies Financial Group currently has a “Underperform” rating and a $69.00 target price on the stock. Jefferies Financial Group also issued estimates for Visteon’s Q4 2018 earnings at $1.05 EPS, FY2019 earnings at $5.66 EPS and FY2020 earnings at $7.88 EPS.
Visteon (NYSE:VC) last issued its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.03). The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $727.48 million.
Other equities research analysts also recently issued reports about the stock. Raymond James reaffirmed a “buy” rating on shares of Visteon in a research report on Monday, August 20th. TheStreet downgraded shares of Visteon from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Wells Fargo & Co reduced their price objective on shares of Visteon from $86.00 to $73.00 and set a “market perform” rating for the company in a research report on Friday, October 26th. Consumer Edge began coverage on shares of Visteon in a research report on Thursday, October 4th. They set an “outperform” rating and a $130.00 target price for the company. Finally, Wolfe Research began coverage on shares of Visteon in a research report on Tuesday, October 2nd. They set a “peer perform” rating for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $128.83.
Shares of VC stock opened at $67.59 on Thursday. Visteon has a 52-week low of $67.27 and a 52-week high of $140.64.
In other Visteon news, Director Naomi M. Bergman acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The stock was bought at an average cost of $78.01 per share, with a total value of $78,010.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Harry James Wilson acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was acquired at an average cost of $76.95 per share, with a total value of $384,750.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $153,900. The disclosure for this purchase can be found here. Insiders have bought a total of 9,000 shares of company stock valued at $691,270 over the last three months. Insiders own 0.19% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new position in Visteon in the 3rd quarter worth approximately $110,000. BNP Paribas Arbitrage SA boosted its holdings in Visteon by 189.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock worth $189,000 after buying an additional 959 shares during the period. Glenmede Trust Co. NA boosted its holdings in Visteon by 81.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,045 shares of the auto parts company’s stock worth $189,000 after buying an additional 920 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Visteon by 92.9% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock worth $212,000 after buying an additional 790 shares during the period. Finally, Oakbrook Investments LLC bought a new position in Visteon in the 3rd quarter worth approximately $214,000.
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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