Visteon (NYSE:VC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Sunday.
Several other equities analysts have also recently weighed in on VC. B. Riley reaffirmed a “buy” rating on shares of Visteon in a research note on Wednesday, November 1st. Jefferies Group assumed coverage on shares of Visteon in a research note on Thursday, September 28th. They set a “hold” rating and a $135.00 price target for the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $126.00 price target on shares of Visteon in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Visteon from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday. Finally, Robert W. Baird reissued a “buy” rating and issued a $143.00 price objective on shares of Visteon in a report on Tuesday, October 17th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $124.64.
Shares of Visteon (VC) traded down $2.70 on Friday, hitting $125.14. 155,806 shares of the stock traded hands, compared to its average volume of 208,007. The company has a market cap of $54.77, a PE ratio of 23.93, a P/E/G ratio of 1.34 and a beta of 0.85. Visteon has a one year low of $79.69 and a one year high of $133.04. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.
In other news, CEO Sachin Lawande sold 5,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $130.94, for a total value of $654,700.00. Following the completion of the sale, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,125,429.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders sold 12,004 shares of company stock valued at $1,543,121. 0.19% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC lifted its holdings in shares of Visteon by 74.4% during the third quarter. Neuberger Berman Group LLC now owns 85,783 shares of the auto parts company’s stock worth $10,617,000 after buying an additional 36,583 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Visteon by 3.7% during the third quarter. California Public Employees Retirement System now owns 126,068 shares of the auto parts company’s stock worth $15,603,000 after buying an additional 4,468 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Visteon by 820.3% during the third quarter. Cubist Systematic Strategies LLC now owns 19,373 shares of the auto parts company’s stock worth $2,398,000 after buying an additional 17,268 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Visteon by 7.2% during the third quarter. Janus Henderson Group PLC now owns 825,572 shares of the auto parts company’s stock worth $102,181,000 after buying an additional 55,325 shares in the last quarter. Finally, Caxton Associates LP acquired a new stake in shares of Visteon during the third quarter worth $458,000.
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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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