Cowen set a $72.00 price objective on Visteon (NYSE:VC) in a research note released on Friday, TipRanks reports. The firm currently has a buy rating on the auto parts company’s stock.
A number of other equities analysts also recently issued reports on the stock. Morgan Stanley set a $12.00 price objective on shares of Adient and gave the stock a sell rating in a report on Wednesday, June 26th. TheStreet raised shares of Exantas Capital from a d+ rating to a c rating in a report on Thursday, May 2nd. Robert W. Baird lifted their price objective on shares of Twitter from $33.00 to $40.00 and gave the stock a neutral rating in a report on Tuesday, April 23rd. BMO Capital Markets lifted their price objective on shares of Discover Financial Services to $92.00 and gave the stock a market perform rating in a report on Monday, April 29th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a GBX 265 ($3.46) price objective on shares of WM Morrison Supermarkets in a report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $89.25.
VC stock traded up $2.74 during midday trading on Friday, reaching $60.81. 633,948 shares of the company’s stock traded hands, compared to its average volume of 629,952. The firm has a fifty day simple moving average of $54.57. Visteon has a 52 week low of $44.04 and a 52 week high of $129.39.
In related news, Director Robert Manzo purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were bought at an average cost of $48.76 per share, with a total value of $195,040.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $146,280. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harry James Wilson purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was bought at an average cost of $53.92 per share, for a total transaction of $107,840.00. Following the completion of the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $647,040. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Visteon by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 809,360 shares of the auto parts company’s stock worth $48,790,000 after buying an additional 36,129 shares during the last quarter. Water Island Capital LLC lifted its holdings in Visteon by 77.1% during the first quarter. Water Island Capital LLC now owns 7,692 shares of the auto parts company’s stock valued at $518,000 after purchasing an additional 3,349 shares during the last quarter. Norges Bank purchased a new stake in Visteon during the fourth quarter valued at about $22,797,000. Thrivent Financial for Lutherans lifted its holdings in Visteon by 4.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,457 shares of the auto parts company’s stock valued at $450,000 after purchasing an additional 327 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Visteon during the fourth quarter valued at about $4,423,000.
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.
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