Visteon Corp (VC) was Downgraded by Barclays to ” Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 85 from a previous price target of $83 . Earlier the firm had a rating of “Overweight ” on the company shares. Barclays advised their investors in a research report released on May 3, 2016.
Many Wall Street Analysts have commented on Visteon Corp. Company shares were Reiterated by FBR Capital on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $87 .
On the company’s financial health, Visteon Corp reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.97. The company had revenue of $802.00 million for the quarter, compared to analysts expectations of $819.53 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.10 EPS.
Visteon Corp opened for trading at $79.77 and hit $80.665 on the upside on Monday, eventually ending the session at $80.5, with a gain of 1.04% or 0.83 points. The heightened volatility saw the trading volume jump to 6,71,895 shares. Company has a market cap of $2,738 M.
In a different news, on Mar 16, 2016, Stephanie S Marianos (Chief Accounting Officer) sold 211 shares at $75.69 per share price. According to the SEC, on Mar 14, 2016, Peter M Ziparo (V.P. & General Counsel) sold 4,475 shares at $74.82 per share price. On Mar 7, 2016, William M Robertson (Vice President) sold 4,117 shares at $72.74 per share price, according to the Form-4 filing with the securities and exchange commission.
Visteon Corporation (Visteon) is a global technology company that designs engineers and manufactures cockpit electronics products and connected car solutions for vehicle manufacturers. The Company manufactures its products for original equipment vehicle manufacturer (OEM) across the world including BMW Chrysler Daimler Ford General Motors Honda Hyundai Kia Nissan PSA Peugeot Citroen Renault Toyota and Volkswagen. The Company operates through the segments including Electronics which provides vehicle cockpit electronics products to customers including audio systems infotainment systems driver information systems connectivity and telematics solutions climate controls and electronic control modules and Other in which it designs and manufactures cockpit modules instrument panels door and console modules and interior trim.