Visteon (NASDAQ:VC) Now Covered by Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Visteon (NASDAQ:VC) in a research note released on Thursday, Marketbeat.com reports. The brokerage issued a peer perform rating on the stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group reduced their price target on Visteon from $161.00 to $133.00 and set a buy rating on the stock in a research note on Wednesday, July 10th. TD Cowen lowered their price target on Visteon from $142.00 to $140.00 and set a buy rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. cut their price objective on shares of Visteon from $144.00 to $135.00 and set a neutral rating on the stock in a report on Monday, July 22nd. Baird R W lowered shares of Visteon from a strong-buy rating to a hold rating in a research report on Friday, July 12th. Finally, Morgan Stanley decreased their price target on shares of Visteon from $135.00 to $100.00 and set an equal weight rating on the stock in a report on Wednesday, August 14th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Visteon has a consensus rating of Moderate Buy and a consensus target price of $130.31.

Visteon Stock Up 0.8 %

VC opened at $99.75 on Thursday. The firm has a market cap of $2.75 billion, a P/E ratio of 5.70, a PEG ratio of 0.49 and a beta of 1.46. The business’s fifty day simple moving average is $104.48 and its 200 day simple moving average is $109.38. Visteon has a 52 week low of $95.40 and a 52 week high of $143.97. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.58. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. As a group, equities research analysts anticipate that Visteon will post 8.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VC. American Century Companies Inc. raised its holdings in Visteon by 1,459.9% in the second quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after acquiring an additional 489,959 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Visteon by 404.5% during the first quarter. Assenagon Asset Management S.A. now owns 405,280 shares of the company’s stock worth $47,665,000 after purchasing an additional 324,946 shares during the last quarter. Norges Bank acquired a new position in Visteon in the fourth quarter worth about $40,092,000. Victory Capital Management Inc. increased its holdings in Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after buying an additional 137,264 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Visteon by 416.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock valued at $18,619,000 after buying an additional 120,210 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.