Visteon Corporation’s (NYSE:VC) Hold Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada restated their hold rating on shares of Visteon Corporation (NYSE:VC) in a research note released on Tuesday, October 3rd. The brokerage currently has a $115.00 price objective on the auto parts company’s stock.
A number of other analysts have also issued reports on VC. Jefferies Group LLC began coverage on shares of Visteon Corporation in a research report on Thursday, September 28th. They issued a hold rating and a $135.00 price target for the company. Barclays PLC reaffirmed an equal weight rating and set a $98.00 price objective (up previously from $97.00) on shares of Visteon Corporation in a research report on Wednesday, August 2nd. BidaskClub downgraded Visteon Corporation from a strong-buy rating to a buy rating in a report on Monday, July 31st. Zacks Investment Research upgraded Visteon Corporation from a hold rating to a buy rating and set a $139.00 price target on the stock in a report on Wednesday, September 27th. Finally, BMO Capital Markets upgraded shares of Visteon Corporation from a market perform rating to an outperform rating and raised their price objective for the stock from $104.00 to $115.00 in a research note on Friday, September 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $115.62.
Visteon Corporation (NYSE VC) traded up 0.19% during midday trading on Tuesday, reaching $123.89. 215,408 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $120.67 and its 200-day moving average price is $107.24. Visteon Corporation has a 1-year low of $64.95 and a 1-year high of $128.39. The company has a market capitalization of $3.86 billion, a PE ratio of 29.95 and a beta of 0.85.
Visteon Corporation (NYSE:VC) last announced its earnings results on Thursday, July 27th. The auto parts company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.24 by $0.14. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. The company had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $770.96 million. During the same period last year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities analysts expect that Visteon Corporation will post $6.11 EPS for the current year.
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In other news, insider Robert R. Vallance sold 1,106 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total transaction of $133,958.72. Following the sale, the insider now owns 4,086 shares in the company, valued at approximately $494,896.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Matthew M. Cole sold 1,359 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total value of $155,184.21. Following the completion of the sale, the insider now owns 693 shares in the company, valued at approximately $79,133.67. The disclosure for this sale can be found here. Insiders sold a total of 5,371 shares of company stock valued at $616,016 over the last quarter. 0.19% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP grew its holdings in Visteon Corporation by 2.8% in the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after buying an additional 30 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Visteon Corporation by 6.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 61 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in shares of Visteon Corporation by 5.2% during the 2nd quarter. ETRADE Capital Management LLC now owns 5,261 shares of the auto parts company’s stock worth $537,000 after purchasing an additional 261 shares in the last quarter. Creative Planning grew its holdings in shares of Visteon Corporation by 19.2% during the 2nd quarter. Creative Planning now owns 2,170 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 350 shares in the last quarter. Finally, Eagle Global Advisors LLC grew its holdings in shares of Visteon Corporation by 1.4% during the 2nd quarter. Eagle Global Advisors LLC now owns 25,617 shares of the auto parts company’s stock worth $2,614,000 after purchasing an additional 362 shares in the last quarter.
About Visteon Corporation
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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