Shares of Visteon Corp (NYSE:VC) rose 1.9% on Monday . The stock traded as high as $64.09 and last traded at $65.09, approximately 7,974 shares traded hands during trading. A decline of 99% from the average daily volume of 626,791 shares. The stock had previously closed at $63.88.

VC has been the subject of several research reports. Zacks Investment Research downgraded Visteon from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 21st. Deutsche Bank set a $64.00 price target on Visteon and gave the stock a “hold” rating in a research note on Friday, July 26th. Barclays set a $60.00 price target on Visteon and gave the stock a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada set a $65.00 price objective on Visteon and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Cowen set a $72.00 price objective on Visteon and gave the stock a “buy” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Visteon has a consensus rating of “Hold” and a consensus target price of $73.33.

The firm has a fifty day simple moving average of $60.60 and a two-hundred day simple moving average of $65.79.

Visteon (NYSE:VC) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.07). The business had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $719.55 million. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis.

In other Visteon news, Director Harry James Wilson purchased 2,000 shares of the stock in a transaction on Friday, June 21st. The shares were purchased at an average price of $53.92 per share, with a total value of $107,840.00. Following the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $647,040. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Manzo purchased 4,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was acquired at an average cost of $48.76 per share, for a total transaction of $195,040.00. Following the acquisition, the director now owns 3,000 shares in the company, valued at $146,280. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Eaton Vance Management lifted its stake in shares of Visteon by 57.4% in the 2nd quarter. Eaton Vance Management now owns 193,619 shares of the auto parts company’s stock valued at $11,342,000 after purchasing an additional 70,619 shares during the period. Equitable Trust Co. lifted its stake in shares of Visteon by 10.3% in the 2nd quarter. Equitable Trust Co. now owns 17,645 shares of the auto parts company’s stock valued at $1,034,000 after purchasing an additional 1,650 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Visteon in the 2nd quarter valued at approximately $7,298,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Visteon by 17.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,635,289 shares of the auto parts company’s stock valued at $271,535,000 after purchasing an additional 672,851 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Visteon by 20,099.4% in the 2nd quarter. Victory Capital Management Inc. now owns 545,787 shares of the auto parts company’s stock valued at $31,972,000 after purchasing an additional 543,085 shares during the period.

Visteon Company Profile (NYSE:VC)

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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