Visteon (NYSE:VC) was upgraded by investment analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Tuesday, MarketBeat.com reports. The brokerage presently has a $104.00 price target on the auto parts company’s stock, down from their previous price target of $106.00. Deutsche Bank’s price target points to a potential upside of 19.29% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Cowen reaffirmed a “market perform” rating and issued a $115.00 price objective (up from $79.00) on shares of Visteon in a research report on Friday, October 25th. Robert W. Baird set a $81.00 price objective on shares of Visteon and gave the stock a “buy” rating in a research report on Thursday, September 26th. Barclays reaffirmed an “equal weight” rating and issued a $82.00 price objective (up from $60.00) on shares of Visteon in a research report on Friday, October 25th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Friday, November 22nd. Finally, Guggenheim initiated coverage on shares of Visteon in a research report on Tuesday, October 15th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $83.31.
Shares of VC stock opened at $87.18 on Tuesday. Visteon has a 52-week low of $44.04 and a 52-week high of $105.99. The company has a 50-day simple moving average of $89.53 and a two-hundred day simple moving average of $78.29.
Visteon (NYSE:VC) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $700.44 million. During the same period in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis.
In other Visteon news, VP Brett D. Pynnonen sold 4,451 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $95.87, for a total value of $426,717.37. Following the transaction, the vice president now directly owns 2,840 shares in the company, valued at $272,270.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Sunil K. Bilolikar sold 1,870 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.27, for a total transaction of $181,894.90. Following the completion of the transaction, the senior vice president now owns 1,874 shares in the company, valued at $182,283.98. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in shares of Visteon during the 3rd quarter valued at approximately $77,000. Quadrant Capital Group LLC lifted its stake in shares of Visteon by 107.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,177 shares of the auto parts company’s stock valued at $95,000 after buying an additional 609 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Visteon by 14.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,972 shares of the auto parts company’s stock valued at $163,000 after buying an additional 252 shares in the last quarter. Creative Planning purchased a new stake in shares of Visteon during the 3rd quarter valued at approximately $220,000. Finally, Dupont Capital Management Corp purchased a new stake in shares of Visteon during the 3rd quarter valued at approximately $223,000.
Visteon 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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