BMO Capital Markets upgraded shares of Visteon Corporation (NYSE:VC) from a market perform rating to an outperform rating in a research report released on Friday, September 22nd. They currently have $115.00 price target on the auto parts company’s stock, up from their previous price target of $104.00.
“We also believe the combination of higher-margin products being booked and continued internal initiatives to drive profit enhancement sets the company up well to reach the 14% EBITDA margin goal,,” the firm’s analyst wrote.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Visteon Corporation from a hold rating to a buy rating and set a $117.00 target price for the company in a report on Thursday, July 13th. BidaskClub cut Visteon Corporation from a hold rating to a sell rating in a report on Wednesday, June 21st. J P Morgan Chase & Co restated an overweight rating and set a $110.00 price objective on shares of Visteon Corporation in a report on Wednesday, June 21st. Wells Fargo & Company upgraded Visteon Corporation from a market perform rating to an outperform rating and set a $140.00 price objective for the company in a report on Monday, July 31st. Finally, UBS AG cut Visteon Corporation from a buy rating to a neutral rating and boosted their price objective for the company from $108.00 to $113.00 in a report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Visteon Corporation currently has an average rating of Buy and a consensus price target of $115.23.
Visteon Corporation (NYSE VC) traded up 0.07% during mid-day trading on Friday, hitting $123.77. 175,932 shares of the stock traded hands. Visteon Corporation has a 1-year low of $64.95 and a 1-year high of $125.48. The firm has a market capitalization of $3.86 billion, a P/E ratio of 29.92 and a beta of 0.81. The company has a 50-day moving average of $114.64 and a 200 day moving average of $103.69.
Visteon Corporation (NYSE:VC) last announced its earnings results on Thursday, July 27th. The auto parts company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. The firm had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $770.96 million. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 EPS. On average, equities research analysts anticipate that Visteon Corporation will post $6.11 EPS for the current year.
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In other news, insider Sunil K. Bilolikar sold 2,394 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total value of $265,566.42. Following the completion of the transaction, the insider now directly owns 300 shares of the company’s stock, valued at approximately $33,279. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert R. Vallance sold 1,106 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total value of $133,958.72. Following the completion of the transaction, the insider now directly owns 4,086 shares of the company’s stock, valued at $494,896.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,371 shares of company stock valued at $616,016. Corporate insiders own 0.19% of the company’s stock.
A number of large investors have recently made changes to their positions in VC. Wells Fargo & Company MN increased its position in Visteon Corporation by 9.5% during the 1st quarter. Wells Fargo & Company MN now owns 143,044 shares of the auto parts company’s stock valued at $14,011,000 after buying an additional 12,462 shares in the last quarter. First Trust Advisors LP acquired a new position in Visteon Corporation during the 1st quarter valued at about $3,678,000. Comerica Bank acquired a new position in Visteon Corporation during the 1st quarter valued at about $232,000. Swiss National Bank increased its position in Visteon Corporation by 0.7% during the 1st quarter. Swiss National Bank now owns 56,000 shares of the auto parts company’s stock valued at $5,485,000 after buying an additional 400 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in Visteon Corporation during the 1st quarter valued at about $201,000.
Visteon Corporation 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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