Wall Street Zen Downgrades Visteon (NASDAQ:VC) to Hold

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

A number of other equities research analysts have also recently commented on the stock. Cfra Research cut shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, July 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Visteon in a report on Friday, July 25th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 price target for the company in a report on Wednesday, July 2nd. Finally, Bank of America raised their price target on shares of Visteon from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Visteon Price Performance

Shares of VC stock opened at $124.59 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. The company has a market capitalization of $3.40 billion, a P/E ratio of 11.88, a P/E/G ratio of 2.94 and a beta of 1.25. The company’s 50-day simple moving average is $117.43 and its two-hundred day simple moving average is $94.91. Visteon has a one year low of $65.10 and a one year high of $129.10.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, July 24th. The company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $943.12 million. During the same quarter in the prior year, the company posted $2.54 earnings per share. Visteon’s revenue for the quarter was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Visteon will post 8.42 EPS for the current year.

Insider Transactions at Visteon

In other news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total value of $524,305.50. Following the sale, the director owned 2,792 shares in the company, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the sale, the senior vice president owned 6,698 shares in the company, valued at approximately $770,872.82. This represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,102 shares of company stock worth $1,538,595 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Visteon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Visteon by 28.6% during the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock valued at $207,364,000 after buying an additional 494,820 shares during the period. Invesco Ltd. grew its position in Visteon by 2.2% during the first quarter. Invesco Ltd. now owns 1,210,198 shares of the company’s stock valued at $93,936,000 after buying an additional 25,687 shares during the period. State Street Corp grew its position in Visteon by 3.1% during the second quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after buying an additional 33,155 shares during the period. Geode Capital Management LLC grew its position in Visteon by 2.1% during the second quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock valued at $65,316,000 after buying an additional 14,662 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in Visteon by 40.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 546,099 shares of the company’s stock valued at $42,389,000 after buying an additional 156,567 shares during the period. 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.