Press coverage about Visteon (NYSE:VC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Visteon earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 46.0533668610989 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Visteon’s enters partnership on autonomous driving and cockpit systems (itsinternational.com)
- B. Riley Raises Visteon (VC) Price Target to $162.00 (americanbankingnews.com)
- DriveCore Core to Autonomous Driving Quicker (autoconnectedcar.com)
- Visteon and Guangzhou Automobile Group of China Automotive Engin – KTVN Channel 2 – Reno Tahoe Sparks News, Weather, Video (ktvn.com)
- Visteon Showcases New Technology for the Digital Cockpit on the Road to Autonomous Driving (finance.yahoo.com)
VC has been the topic of several recent analyst reports. BMO Capital Markets raised shares of Visteon from a “market perform” rating to an “outperform” rating and raised their target price for the company from $104.00 to $115.00 in a report on Friday, September 22nd. Zacks Investment Research raised shares of Visteon 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. Jefferies Group assumed coverage on shares of Visteon in a research report on Thursday, September 28th. They set a “hold” rating and a $135.00 target price on the stock. Royal Bank of Canada restated a “hold” rating and issued a $115.00 price target on shares of Visteon in a research report on Tuesday, October 3rd. Finally, Robert W. Baird restated a “buy” rating and issued a $143.00 price target on shares of Visteon in a research report on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $130.71.
Visteon (NYSE:VC) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.17. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The firm had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. During the same period last year, the company earned $1.10 earnings per share. The company’s revenue was down .6% on a year-over-year basis. equities analysts expect that Visteon will post 6.23 EPS for the current year.
In related news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction dated 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 directly owns 8,595 shares in the company, valued at approximately $1,125,429.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 17,004 shares of company stock valued at $2,180,621 over the last quarter. 0.19% of the stock is owned by corporate insiders.
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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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