Visteon (NYSE:VC) had its price objective trimmed by Citigroup from $128.00 to $126.00 in a research report sent to investors on Tuesday, May 8th. The firm currently has a neutral rating on the auto parts company’s stock.
Several other research firms have also recently issued reports on VC. Royal Bank of Canada lowered their target price on shares of Visteon to $131.00 and set a sector perform rating on the stock in a research note on Sunday, January 21st. Guggenheim restated a buy rating and set a $154.00 target price on shares of Visteon in a research note on Wednesday, January 10th. Wells Fargo lowered their price objective on shares of Visteon from $141.00 to $135.00 and set an outperform rating on the stock in a research note on Tuesday, April 17th. Gabelli upgraded shares of Visteon from a hold rating to a buy rating and set a $158.00 price objective on the stock in a research note on Monday, February 26th. Finally, Morgan Stanley increased their price objective on shares of Visteon from $112.00 to $123.00 and gave the stock an overweight rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Visteon presently has a consensus rating of Buy and a consensus price target of $140.33.
Visteon opened at $134.09 on Tuesday, according to MarketBeat.com. 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 has a 52-week low of $130.74 and a 52-week high of $131.54.
In related news, CEO Sachin Lawande sold 2,500 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $125.00, for a total value of $312,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,527 shares of the company’s stock, valued at approximately $4,065,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in VC. US Bancorp DE increased its holdings in Visteon by 261.2% in 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. TLP Group LLC grew its holdings in Visteon by 61,600.0% during the 1st quarter. TLP Group LLC now owns 1,851 shares of the auto parts company’s stock valued at $204,000 after buying an additional 1,848 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Visteon during the 1st quarter valued at approximately $213,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Visteon by 42.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock valued at $220,000 after buying an additional 526 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Visteon during the 4th quarter valued at approximately $287,000.
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.
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.