Longbow Research Thinks Visteon Corp’s Stock is Going to Recover

By Jason Carr

Longbow Research analyst Anthony Deem reiterated a Buy rating on Visteon Corp (VCResearch Report) today and set a price target of $85. The company’s shares closed yesterday at $50.48, close to its 52-week low of $44.04.

According to TipRanks.com, Deem has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.8% and a 27.9% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Veoneer Inc, Adient plc, and Lear Corp.

Visteon Corp has an analyst consensus of Hold, with a price target consensus of $70.27.

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Visteon Corp’s market cap is currently $1.41B and has a P/E ratio of 13.18. The company has a Price to Book ratio of 2.90.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Visteon Corp. engages in the design, engineering, and manufacture of electronics products, automotive vehicles and supplies automotive parts. The firm’s products include Instrument Clusters, Information Displays, Audio and Infotainment Systems, Telematics Solutions, Head-Up Displays, SmartCore Domain Controller and DriveCore Autonomous Driving Controller.