Visteon Co. (NASDAQ:VC – Get Rating) – Equities research analysts at Jefferies Financial Group lowered their Q1 2023 earnings estimates for shares of Visteon in a report released on Sunday, January 22nd. Jefferies Financial Group analyst D. Kelley now anticipates that the company will post earnings per share of $1.35 for the quarter, down from their prior estimate of $1.49. The consensus estimate for Visteon’s current full-year earnings is $5.49 per share. Jefferies Financial Group also issued estimates for Visteon’s Q4 2023 earnings at $2.22 EPS and FY2023 earnings at $7.53 EPS.
A number of other equities analysts also recently weighed in on VC. Citigroup boosted their price target on shares of Visteon from $129.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, January 13th. JPMorgan Chase & Co. upgraded Visteon from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $112.00 to $129.00 in a research note on Monday, October 24th. Guggenheim boosted their price objective on Visteon to $147.00 in a research note on Tuesday, November 1st. Morgan Stanley upped their price target on Visteon from $107.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, October 28th. Finally, Royal Bank of Canada upped their price target on Visteon from $153.00 to $161.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.14.
Visteon Stock Performance
Visteon (NASDAQ:VC – Get Rating) last posted its earnings results on Thursday, October 27th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.23 by $0.35. Visteon had a net margin of 3.48% and a return on equity of 25.58%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $807.75 million.
Institutional Trading of Visteon
A number of large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Visteon by 65.3% during the 3rd quarter. CWM LLC now owns 238 shares of the company’s stock valued at $25,000 after acquiring an additional 94 shares during the period. Toth Financial Advisory Corp acquired a new position in Visteon during the 4th quarter valued at about $31,000. Acadian Asset Management LLC acquired a new position in Visteon during the 1st quarter valued at about $38,000. Lazard Asset Management LLC acquired a new position in Visteon during the 3rd quarter valued at about $41,000. Finally, Pinebridge Investments L.P. increased its position in Visteon by 307.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 407 shares of the company’s stock valued at $42,000 after buying an additional 307 shares in the last quarter.
Insiders Place Their Bets
In other Visteon news, Director David L. Treadwell sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $140.59, for a total value of $281,180.00. Following the transaction, the director now directly owns 3,003 shares of the company’s stock, valued at $422,191.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.
Visteon Company Profile
Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.
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