Royal Bank of Canada Begins Coverage on Visteon Corporation (VC)

Stock analysts at Royal Bank of Canada began coverage on shares of Visteon Corporation (NYSE:VC) in a research note issued on Monday, May 15th, MarketBeat reports. The brokerage set a “sector perform” rating and a $110.00 price target on the auto parts company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 19.09% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Barclays PLC set a $89.00 target price on Visteon Corporation and gave the company a “hold” rating in a research report on Sunday, April 30th. Goldman Sachs Group, Inc. (The) assumed coverage on Visteon Corporation in a research report on Monday, April 3rd. They issued a “buy” rating and a $104.00 target price on the stock. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Friday, February 10th. BMO Capital Markets dropped their target price on Visteon Corporation from $104.00 to $95.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 3rd. Finally, Morgan Stanley assumed coverage on Visteon Corporation in a research report on Monday, April 24th. They issued an “equal weight” rating and a $103.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $97.63.

Analyst Recommendations for Visteon Corporation (NYSE:VC)

Visteon Corporation (NYSE VC) traded down 2.93% during trading on Monday, hitting $92.37. 884,543 shares of the company were exchanged. Visteon Corporation has a 1-year low of $63.04 and a 1-year high of $106.95. The stock has a market capitalization of $2.93 billion, a PE ratio of 26.37 and a beta of 0.82. The firm’s 50 day moving average price is $100.56 and its 200-day moving average price is $93.04.

Visteon Corporation (NYSE:VC) last issued its earnings results on Thursday, April 27th. The auto parts company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.34. The firm had revenue of $810 million for the quarter, compared to analyst estimates of $806.69 million. Visteon Corporation had a return on equity of 26.74% and a net margin of 3.76%. Visteon Corporation’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 earnings per share. Equities analysts predict that Visteon Corporation will post $5.79 EPS for the current year.

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In related news, Director Robert Manzo acquired 2,000 shares of the stock in a transaction on Friday, March 24th. The shares were acquired at an average price of $95.70 per share, for a total transaction of $191,400.00. Following the transaction, the director now owns 2,000 shares in the company, valued at approximately $191,400. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in VC. Zweig DiMenna Associates LLC increased its position in shares of Visteon Corporation by 2.1% in the third quarter. Zweig DiMenna Associates LLC now owns 4,790 shares of the auto parts company’s stock valued at $343,000 after buying an additional 100 shares during the last quarter. Navellier & Associates Inc increased its position in shares of Visteon Corporation by 2.5% in the first quarter. Navellier & Associates Inc now owns 4,593 shares of the auto parts company’s stock valued at $450,000 after buying an additional 112 shares during the last quarter. Affinity Wealth Management increased its position in shares of Visteon Corporation by 4.6% in the first quarter. Affinity Wealth Management now owns 4,362 shares of the auto parts company’s stock valued at $427,000 after buying an additional 190 shares during the last quarter. Eagle Global Advisors LLC increased its position in shares of Visteon Corporation by 1.1% in the first quarter. Eagle Global Advisors LLC now owns 25,255 shares of the auto parts company’s stock valued at $2,474,000 after buying an additional 265 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Visteon Corporation by 47.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,080 shares of the auto parts company’s stock valued at $106,000 after buying an additional 350 shares during the last quarter.

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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