Visteon (VC) Earns Hold Rating from Royal Bank of Canada

Visteon (NYSE:VC)‘s stock had its “hold” rating restated by analysts at Royal Bank of Canada in a report issued on Friday, July 27th. They presently have a $123.00 price target on the auto parts company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 5.99% from the company’s current price.

A number of other research firms have also recently weighed in on VC. Longbow Research set a $145.00 price target on Visteon and gave the company a “buy” rating in a research note on Thursday, July 26th. Wells Fargo & Co cut their price target on Visteon from $141.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 17th. Cowen started coverage on Visteon in a research note on Monday, April 16th. They issued an “outperform” rating and a $136.00 price target on the stock. Goldman Sachs Group cut Visteon from a “buy” rating to a “neutral” rating and set a $142.00 price target on the stock. in a research note on Friday, July 13th. Finally, Citigroup cut their target price on Visteon from $128.00 to $126.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $138.11.

Visteon traded down $4.95, reaching $116.05, during midday trading on Friday, MarketBeat.com reports. The company had a trading volume of 779,405 shares, compared to its average volume of 432,303. Visteon has a 12-month low of $105.91 and a 12-month high of $140.64. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.

Visteon (NYSE:VC) last released its earnings results on Thursday, July 26th. The auto parts company reported $1.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.10). Visteon had a net margin of 4.83% and a return on equity of 29.13%. The company had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $794.15 million. During the same quarter last year, the business posted $1.38 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. sell-side analysts forecast that Visteon will post 6.23 earnings per share for the current year.

In other Visteon news, CEO Sachin Lawande sold 2,500 shares of Visteon stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $118.00, for a total value of $295,000.00. Following the sale, the chief executive officer now owns 65,109 shares of the company’s stock, valued at approximately $7,682,862. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

Several large investors have recently made changes to their positions in VC. US Bancorp DE boosted its stake in shares of Visteon by 261.2% during the 1st quarter. US Bancorp DE now owns 1,293 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 935 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Visteon during the 2nd quarter worth approximately $147,000. BNP Paribas Arbitrage SA boosted its stake in shares of Visteon by 189.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 959 shares in the last quarter. TLP Group LLC boosted its stake in shares of Visteon by 61,600.0% during the 1st quarter. TLP Group LLC now owns 1,851 shares of the auto parts company’s stock worth $204,000 after acquiring an additional 1,848 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Visteon during the 1st quarter worth approximately $213,000.

About Visteon

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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Analyst Recommendations for Visteon (NYSE:VC)

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