November 30, 2016 - By Adrian Mccoy · 0 Comments
Visteon Corp (NYSE:VC) institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.07, from 0.75 in 2016Q1. The ratio is more positive, as 107 hedge funds started new or increased equity positions, while 142 reduced and sold equity positions in Visteon Corp. The hedge funds in our partner’s database now have: 35.64 million shares, down from 41.58 million shares in 2016Q1. Also, the number of hedge funds holding Visteon Corp in their top 10 equity positions decreased from 5 to 3 for a decrease of 2. Sold All: 49 Reduced: 93 Increased: 71 New Position: 36.
Visteon Corporation is a global automotive supplier that designs, engineers and makes products for original equipment vehicle maker across the world, including Ford, Nissan, Renault, Mazda, BMW, General Motors and Honda. The company has a market cap of $2.68 billion. The Company’s divisions include Electronics, which provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems and telematics solutions, and Other, which includes entities located in Europe. It has a 111.33 P/E ratio. Other also includes entities in South America and South Africa.
About 89,985 shares traded hands. Visteon Corp (NYSE:VC) has declined 2.09% since April 27, 2016 and is downtrending. It has underperformed by 7.32% the S&P500.
Analysts await Visteon Corp (NYSE:VC) to report earnings on February, 23. They expect $1.19 earnings per share, up 0.85% or $0.01 from last year’s $1.18 per share. VC’s profit will be $40.58 million for 16.51 P/E if the $1.19 EPS becomes a reality. After $1.10 actual earnings per share reported by Visteon Corp for the previous quarter, Wall Street now forecasts 8.18% EPS growth.
According to Zacks Investment Research, “Visteon Corp. operates as an automotive supplier engaged in the design, engineering and manufacturing of innovative climate, electronic, interior and lighting products for vehicle manufacturers. Products offered by the Company includes climate systems, powertrain control systems, engine induction systems, cockpit modules, front and rear lighting systems, engine management systems, and electronic products comprising integrated solutions, audio and infotainment, analog/digital instrument cluster, displays, control panel. Markets served by the Company include original equipment manufacturers and automotive aftermarket. Visteon Corp. is headquartered in Michigan, USA.”
Solus Alternative Asset Management Lp holds 19% of its portfolio in Visteon Corp for 1.30 million shares. Tipp Hill Capital Management Llc owns 8,500 shares or 8.51% of their US portfolio. Moreover, Private Capital Management Llc has 3.6% invested in the company for 374,315 shares. The New York-based Steinberg Asset Management Llc has invested 3.42% in the stock. Sensato Investors Llc, a California-based fund reported 253,896 shares.#img1#
Ratings analysis reveals 50% of Visteon’s analysts are positive. Out of 8 Wall Street analysts rating Visteon, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $85 while the high is $130. The stock’s average target of $106.67 is 35.71% above today’s ($78.6) share price. VC was included in 12 notes of analysts from August 28, 2015. The stock of Visteon Corp (NYSE:VC) has “Hold” rating given on Wednesday, July 20 by Deutsche Bank. Raymond James initiated the stock with “Market Perform” rating in Thursday, June 23 report. JP Morgan maintained the shares of VC in a report on Tuesday, April 19 with “Overweight” rating. FBR Capital maintained Visteon Corp (NYSE:VC) rating on Friday, April 29. FBR Capital has “Outperform” rating and $90 price target. Robert W. Baird initiated Visteon Corp (NYSE:VC) on Friday, September 4 with “Outperform” rating. The rating was initiated by Wells Fargo with “Market Perform” on Thursday, September 17. The rating was downgraded by Barclays Capital on Tuesday, May 3 to “Equal-Weight”.
Visteon Corporation, incorporated on January 5, 2000, is a global automotive supplier that designs, engineers and makes products for original equipment vehicle maker (OEM) across the world, including Ford, Nissan, Renault, Mazda, BMW, General Motors and Honda. The Company’s divisions include Electronics, which provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems and telematics solutions, and Other, which includes entities located in Europe. Other also includes entities in South America and South Africa. The Firm creates and manufacturers vehicle cockpit electronics components, modules and systems.
More recent Visteon Corp (NYSE:VC) news were published by: Crainsdetroit.com which released: “Van Buren Township lawsuit against Visteon Corp. dismissed” on February 22, 2016. Also Prnewswire.com published the news titled: “Visteon to Present at Baird 2016 Global Industrial Conference on Nov. 10” on November 03, 2016. Prnewswire.com‘s news article titled: “Visteon Provides Advanced Instrument Cluster and Information Displays for …” with publication date: November 08, 2016 was also an interesting one.
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By Adrian Mccoy