Visteon Corp (NYSE:VC) – Equities researchers at B. Riley decreased their FY2017 earnings estimates for Visteon in a research report issued to clients and investors on Thursday. B. Riley analyst C. Horn now forecasts that the auto parts company will post earnings of $6.19 per share for the year, down from their prior forecast of $6.20. B. Riley currently has a “Buy” rating and a $162.00 target price on the stock.
VC has been the subject of a number of other research reports. Barclays set a $107.00 target price on Visteon and gave the stock a “hold” rating in a report on Friday, October 20th. Zacks Investment Research upgraded Visteon from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a report on Wednesday, September 27th. ValuEngine upgraded Visteon from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and set a $138.00 target price on shares of Visteon in a report on Wednesday, December 20th. Finally, FBR & Co increased their target price on Visteon from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Visteon has a consensus rating of “Buy” and a consensus price target of $132.31.
Visteon (NYSE:VC) last released its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.17. The firm had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS.
In other news, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $126.05, for a total value of $315,125.00. Following the completion of the transaction, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,083,399.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 17,004 shares of company stock valued at $2,180,621 in the last 90 days. 0.19% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in Visteon by 34.8% during the third quarter. Bank of New York Mellon Corp now owns 1,804,109 shares of the auto parts company’s stock worth $223,294,000 after purchasing an additional 465,508 shares during the period. Janus Henderson Group PLC grew its holdings in 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 purchasing an additional 55,325 shares during the period. Eagle Asset Management Inc. lifted its position in Visteon by 3.2% during the third quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock worth $85,074,000 after acquiring an additional 20,570 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Visteon by 12.1% during the second quarter. Artisan Partners Limited Partnership now owns 587,265 shares of the auto parts company’s stock worth $59,936,000 after acquiring an additional 63,215 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Visteon by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 552,119 shares of the auto parts company’s stock worth $56,349,000 after acquiring an additional 9,374 shares during the last quarter.
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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