Visteon Corp. (NYSE:VC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $78.00 price objective on the stock. Zacks Investment Research’s price objective points to a potential downside of 1.42% from the stock’s previous close.
According to Zacks, “Visteon Corp. operates as an automotive supplier engaged in the design, engineering and manufacturing of innovative climate, electronic, interior and lighting products for vehicle manufacturers. Products offered by the Company includes climate systems, powertrain control systems, engine induction systems, cockpit modules, front and rear lighting systems, engine management systems, and electronic products comprising integrated solutions, audio and infotainment, analog/digital instrument cluster, displays, control panel. Markets served by the Company include original equipment manufacturers and automotive aftermarket. Visteon Corp. is headquartered in Michigan, USA. “
A number of other research firms also recently weighed in on VC. FBR & Co set a $90.00 target price on Visteon Corp. and gave the stock a “buy” rating in a report on Sunday, October 30th. Deutsche Bank AG initiated coverage on Visteon Corp. in a research note on Wednesday, July 20th. They issued a “hold” rating and a $80.00 price target on the stock. JPMorgan Chase & Co. restated a “buy” rating and issued a $85.00 price target on shares of Visteon Corp. in a research note on Friday, July 29th. Finally, Wells Fargo & Co. restated a “hold” rating and issued a $72.50 price target on shares of Visteon Corp. in a research note on Monday, July 18th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Visteon Corp. has an average rating of “Hold” and an average target price of $81.75.
Visteon Corp. (NYSE:VC) traded up 0.06% during mid-day trading on Wednesday, reaching $79.12. The company’s stock had a trading volume of 101,498 shares. The firm has a market cap of $2.69 billion, a PE ratio of 31.56 and a beta of 1.01. Visteon Corp. has a 12-month low of $58.83 and a 12-month high of $121.61. The company has a 50-day moving average price of $71.45 and a 200-day moving average price of $70.97.
Visteon Corp. (NYSE:VC) last posted its earnings results on Thursday, October 27th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.31. Visteon Corp. had a return on equity of 20.06% and a net margin of 2.98%. The firm had revenue of $770 million for the quarter, compared to the consensus estimate of $780.14 million. During the same quarter in the prior year, the business earned $0.56 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts expect that Visteon Corp. will post $4.77 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in Visteon Corp. by 75.4% in the third quarter. Creative Planning now owns 1,407 shares of the company’s stock valued at $101,000 after buying an additional 605 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Visteon Corp. by 97.5% in the second quarter. Riverhead Capital Management LLC now owns 9,933 shares of the company’s stock valued at $123,000 after buying an additional 4,904 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in Visteon Corp. during the third quarter valued at $143,000. BlackRock Japan Co. Ltd boosted its position in Visteon Corp. by 1,283.4% in the third quarter. BlackRock Japan Co. Ltd now owns 2,172 shares of the company’s stock valued at $156,000 after buying an additional 2,015 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Visteon Corp. during the second quarter valued at $173,000.
Visteon Corp. Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures products for original equipment vehicle manufacturer (OEM) across the world, including Ford, Nissan, Renault, Mazda, BMW, General Motors and Honda. The Company’s segments include Electronics, which provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems and telematics solutions, and Other, which includes entities located in Europe.