Visteon (NASDAQ:VC) Stock Rating Lowered by Wall Street Zen

Visteon (NASDAQ:VC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued research reports about the stock. Barclays upped their price objective on shares of Visteon from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Robert W. Baird raised shares of Visteon from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $96.00 to $125.00 in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Guggenheim reduced their price objective on shares of Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Baird R W raised shares of Visteon from a “hold” rating to a “strong-buy” rating in a report on Friday, July 11th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Visteon Stock Performance

Shares of VC opened at $121.01 on Friday. Visteon has a 1 year low of $65.10 and a 1 year high of $123.78. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 4.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The firm has a fifty day moving average of $104.90 and a 200-day moving average of $89.35.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. During the same quarter in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Insider Transactions at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 710 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the sale, the senior vice president directly owned 6,698 shares of the company’s stock, valued at approximately $770,872.82. This represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the sale, the senior vice president directly owned 18,838 shares of the company’s stock, valued at $2,260,560. The trade was a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,710 shares of company stock valued at $522,014 over the last three months. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently bought and sold shares of VC. American Century Companies Inc. raised its holdings in Visteon by 28.6% during the 2nd quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock worth $207,364,000 after buying an additional 494,820 shares during the period. Pacer Advisors Inc. raised its holdings in Visteon by 2,402.0% during the 1st quarter. Pacer Advisors Inc. now owns 271,738 shares of the company’s stock worth $21,092,000 after buying an additional 260,877 shares during the period. New Vernon Capital Holdings II LLC acquired a new position in shares of Visteon in the 1st quarter valued at about $17,068,000. Nuveen LLC acquired a new position in shares of Visteon in the 1st quarter valued at about $15,612,000. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Visteon in the 2nd quarter valued at about $15,156,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Visteon

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.