Visteon Corporation engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, dual view, cameras, optics, haptic feedback, light effects, and dual displays; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence based voice assistant. It also offers wired and wireless battery management systems; telematics control unit to enable secure connected car services, software updates, and data, as well as hands-free telephone unit; and head-up displays (HUD), such as combiner HUD and windshield HUD that present critical information to the driver. In addition, the company provides SmartCore, an automotive-grade, integrated domain controller to enhance efficiency, and reduce power consumption and cost; and DriveCore, a platform for addressing multiple levels of vehicle automation. Visteon Corporation was incorporated in 2000 and is headquartered in Van Buren, Michigan.
IPO Year:
Exchange: NASDAQ
Website: visteon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/20/2024 | $115.00 → $122.00 | Equal Weight → Overweight | Wells Fargo |
| 9/10/2024 | $124.00 | Buy | Deutsche Bank |
| 9/5/2024 | Peer Perform | Wolfe Research | |
| 7/12/2024 | $137.00 → $120.00 | Outperform → Neutral | Robert W. Baird |
| 4/26/2024 | $106.00 → $108.00 | Underweight → Equal Weight | Wells Fargo |
| 4/10/2024 | $140.00 → $145.00 | Equal Weight → Overweight | Barclays |
| 1/17/2024 | $143.00 → $145.00 | Neutral → Buy | UBS |
| 1/4/2024 | Outperform → Peer Perform | Wolfe Research | |
| 12/13/2023 | $130.00 | Outperform → Neutral | Exane BNP Paribas |
| 11/6/2023 | $149.00 | Neutral → Buy | Citigroup |
SCHEDULE 13G - VISTEON CORP (0001111335) (Subject)
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Wells Fargo upgraded Visteon from Equal Weight to Overweight and set a new price target of $122.00 from $115.00 previously
Deutsche Bank resumed coverage of Visteon with a rating of Buy and set a new price target of $124.00
Wolfe Research resumed coverage of Visteon with a rating of Peer Perform
Robert W. Baird downgraded Visteon from Outperform to Neutral and set a new price target of $120.00 from $137.00 previously
Wells Fargo upgraded Visteon from Underweight to Equal Weight and set a new price target of $108.00 from $106.00 previously
Barclays upgraded Visteon from Equal Weight to Overweight and set a new price target of $145.00 from $140.00 previously
UBS upgraded Visteon from Neutral to Buy and set a new price target of $145.00 from $143.00 previously
Wolfe Research downgraded Visteon from Outperform to Peer Perform
Exane BNP Paribas downgraded Visteon from Outperform to Neutral and set a new price target of $130.00
Citigroup upgraded Visteon from Neutral to Buy and set a new price target of $149.00
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VAN BUREN TOWNSHIP, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported third quarter financial results. Highlights include: Sales of $980 million with Growth-over-Market of 6%1Net income of $39 million and adjusted net income of $63 millionAdjusted EBITDA of $119 millionLaunched 30 new products in the quarter and 71 year-to-dateNew business wins of $4.9 billion year-to-dateNet cash of $229 million at quarter end Visteon reported solid net sales of $980 million in a challenging production environment. We delivered 6% outperformance relative to customer vehicle production, driven by strong demand for digital cockpit and electrification products. Our mar
VAN BUREN TOWNSHIP, Mich., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial-in approximately 10 minutes be
VAN BUREN TOWNSHIP, Mich., July 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported second quarter financial results. Highlights include: Sales of $1,014 million with Growth-over-Market of 9%1Net income of $71 millionRecord Adjusted EBITDA of $136 millionLaunched 41 new products across 17 OEMs in the first halfWon $3.1 billion in new business in the first halfNet cash of $181 million at quarter end Visteon reported net sales of $1,014 million compared to $983 million in the second quarter of the prior year. The increase in net sales was primarily due to strong performance of digital cockpit and electrification products, partially offset by lower customer produ
VAN BUREN TOWNSHIP, Mich., July 08, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its second quarter 2024 financial results before the market opens on Thursday, July 25. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial-in approximately 10 minutes b
VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported first quarter financial results. Highlights include: Net sales of $933 million with a return to positive growth-over-market1Net income of $42 millionAdjusted EBITDA of $102 million or 10.9% of salesOperating cash flow of $69 million and adjusted free cash flow of $34 millionLaunched 26 new products across 14 OEMsWon $1.4 billion in new business, including over $400 million of displays winsNet cash of $175 million at quarter end Visteon reported net sales of $933 million compared to $967 million in the first quarter of the prior year. The decline in net sales was primarily due to
VAN BUREN TOWNSHIP, Mich., April 09, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its first quarter 2024 financial results before the market opens on Thursday, April 25. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial-in approximately 10 minutes
VAN BUREN TOWNSHIP, Mich., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported fourth quarter and full-year 2023 financial results. Highlights include: $990 million net sales in Q4 and $3,954 million for the full yearNet income of $366 million including a $313 million non-cash U.S. tax benefit in Q4, and net income of $486 million for the full yearAdjusted EBITDA of $117 million in Q4 and $434 million or 11.0% of sales for the full yearOperating cash flow of $267 million and adjusted free cash flow of $150 million for the full yearRepurchased $106 million of shares in 2023Launched 129 new products and won $7.2 billion of new business in 2023 Fourth Quarter
VAN BUREN TOWNSHIP, Mich., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its fourth quarter and full-year 2023 financial results before the market opens on Tuesday, Feb. 20. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial-in approximately
LAS VEGAS, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Visteon (NASDAQ:VC), a global technology leader at the forefront of driving digitalization and electrification trends in the mobility industry, is set to showcase its innovative portfolio next week during the Consumer Electronics Show in Las Vegas, Nevada, at the Paris Hotel Convention Center. Visteon's commitment to enabling the automotive industry's evolution is evident in its groundbreaking software-driven, cloud-enabled and battery-electric solutions. These key themes underscore Visteon's dedication to revolutionizing the driving experience and shaping the future of mobility. "The automotive industry continues on its path of rapid
Visteon's latest display product honored in the Vehicle Tech and Advanced Mobility category VAN BUREN TOWNSHIP, Mich., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Visteon, a global technology company, announced today it was awarded a Consumer Electronics Show (CES) 2024 Innovation Award for its Deco Trim Command and Control Display. This is the second year in a row Visteon has been honored in the Vehicle Tech and Advanced Mobility category. The Deco Trim Command and Control Display enables a new level of design freedom, allowing automakers to eliminate bulky and unsightly buttons with a streamlined display that appears and disappears with the wave of a hand. Resembling a wooden or metallic surface
VAN BUREN TOWNSHIP, Mich., April 25, 2023 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, today announced the appointment of Ryan Wentling as Vice President of Investor Relations and Treasurer, effective immediately. He succeeds Kris Doyle, who will transition to Vice President of Operations Finance and FP&A. Wentling is responsible for managing investor relations, treasury, strategic planning and corporate development. Prior to Visteon, Wentling served in various roles at Constellium, including Business Unit Controller and Director of Investor Relations. Earlier in his career, he held positions at Cowen in equity researc
Appointment of Bunsei Kure to Visteon's board of directors adds additional automotive and semiconductor industry experience to its board of directorsBunsei held prior roles as CEO of Renesas Electronics, a leading semiconductor supplier to the automotive industry, and CEO of Calsonic Kansei Corporation, a global tier-1 supplier to automotive OEMs VAN BUREN TOWNSHIP, Mich., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a leading global technology company serving the mobility industry, today announced the appointment of Bunsei Kure to its board of directors, effective Feb. 1, 2022. Bunsei Kure brings extensive experience in the global automotive and semiconductor indus
NATICK, Mass.--(BUSINESS WIRE)--Cognex Corporation (NASDAQ: CGNX) today announced the appointment of Sachin S. Lawande, President and Chief Executive Officer of Visteon Corporation, to Cognex’s board of directors effective January 1, 2021. He is expected to serve on the Audit Committee. “We are very excited about Sachin joining our board,” said Dr. Robert J. Shillman, Founder, Chairman and Chief Culture Officer of Cognex. “His current leadership of a large international corporation that serves the automotive industry, one of Cognex’s key markets, his deep knowledge of technology, his prior responsibilities for managing the design and manufacture of complex electronic products con
VAN BUREN TOWNSHIP, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported third quarter financial results. Highlights include: Sales of $980 million with Growth-over-Market of 6%1Net income of $39 million and adjusted net income of $63 millionAdjusted EBITDA of $119 millionLaunched 30 new products in the quarter and 71 year-to-dateNew business wins of $4.9 billion year-to-dateNet cash of $229 million at quarter end Visteon reported solid net sales of $980 million in a challenging production environment. We delivered 6% outperformance relative to customer vehicle production, driven by strong demand for digital cockpit and electrification products. Our mar
VAN BUREN TOWNSHIP, Mich., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial-in approximately 10 minutes be
VAN BUREN TOWNSHIP, Mich., July 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported second quarter financial results. Highlights include: Sales of $1,014 million with Growth-over-Market of 9%1Net income of $71 millionRecord Adjusted EBITDA of $136 millionLaunched 41 new products across 17 OEMs in the first halfWon $3.1 billion in new business in the first halfNet cash of $181 million at quarter end Visteon reported net sales of $1,014 million compared to $983 million in the second quarter of the prior year. The increase in net sales was primarily due to strong performance of digital cockpit and electrification products, partially offset by lower customer produ
VAN BUREN TOWNSHIP, Mich., July 08, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its second quarter 2024 financial results before the market opens on Thursday, July 25. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial-in approximately 10 minutes b
VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported first quarter financial results. Highlights include: Net sales of $933 million with a return to positive growth-over-market1Net income of $42 millionAdjusted EBITDA of $102 million or 10.9% of salesOperating cash flow of $69 million and adjusted free cash flow of $34 millionLaunched 26 new products across 14 OEMsWon $1.4 billion in new business, including over $400 million of displays winsNet cash of $175 million at quarter end Visteon reported net sales of $933 million compared to $967 million in the first quarter of the prior year. The decline in net sales was primarily due to
VAN BUREN TOWNSHIP, Mich., April 09, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its first quarter 2024 financial results before the market opens on Thursday, April 25. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial-in approximately 10 minutes
VAN BUREN TOWNSHIP, Mich., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported fourth quarter and full-year 2023 financial results. Highlights include: $990 million net sales in Q4 and $3,954 million for the full yearNet income of $366 million including a $313 million non-cash U.S. tax benefit in Q4, and net income of $486 million for the full yearAdjusted EBITDA of $117 million in Q4 and $434 million or 11.0% of sales for the full yearOperating cash flow of $267 million and adjusted free cash flow of $150 million for the full yearRepurchased $106 million of shares in 2023Launched 129 new products and won $7.2 billion of new business in 2023 Fourth Quarter
VAN BUREN TOWNSHIP, Mich., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its fourth quarter and full-year 2023 financial results before the market opens on Tuesday, Feb. 20. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial-in approximately
VAN BUREN TOWNSHIP, Mich., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC) today reported third quarter 2023 financial results. Highlights include: Sales of $1,014 million, representing base sales growth of 9%118th consecutive quarter of growth-over-market 2Net income of $66 million or $2.32 per diluted shareAdjusted EBITDA of $128 millionNew business wins of $5.8 billion year-to-date$46 million of share repurchases in the third quarterUpdating guidance to reflect strong year-to-date performance and market outlook Third Quarter Financial Results Visteon reported net sales of $1,014 million compared to $1,026 million in the third quarter of last year. When excludi
VAN BUREN TOWNSHIP, Mich., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ:VC), a global technology company serving the mobility industry, will release its third quarter 2023 financial results before the market opens on Thursday, Oct. 26. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast. The dial-in numbers to participate in the call are: U.S./Canada Participants Toll-Free Dial-In Number: 1-888-330-2508International Participants Toll Dial-In Number: 1-240-789-2735Conference ID: 8897485 (Dial in approximately 10 minu
In light of the reduction of customer vehicle production in the second half and ongoing market dynamics in China, Visteon is updating its full-year 2024 guidance and anticipates sales in the range of $3.85 – $3.95 billion, adjusted EBITDA in the range of $455 – $475 million, and maintaining adjusted free cash flow in the range of $155 – $185 million.
Visteon (NASDAQ:VC) reported quarterly earnings of $2.54 per share which beat the analyst consensus estimate of $1.97 by 28.93 percent. This is a 115.25 percent increase over earnings of $1.18 per share from the same period last year. The company reported quarterly sales of $1.01 billion which missed the analyst consensus estimate of $1.02 billion by 0.59 percent. This is a 3.15 percent increase over sales of $983.00 million the same period last year.
JP Morgan analyst Ryan Brinkman maintains Visteon (NASDAQ:VC) with a Neutral and lowers the price target from $144 to $135.
Shares of Selective Insurance Group, Inc. (NASDAQ:SIGI) fell sharply during Friday's session following weak quarterly results. Selective Insurance reported quarterly losses of $1.10 per share which missed the analyst consensus estimate of $1.49 per share. The company reported quarterly sales of $1.196 billion which missed the analyst consensus estimate of $1.204 billion, according to data from Benzinga Pro. Selective Insurance Group shares dipped 14.8% to $85.40 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Augmedix, Inc. (NASDAQ:AUGX) shares jumped 148.8% to $2.28 after the company announced it will be acquired by Commure. 60 Degrees Pha
Citigroup analyst Itay Michaeli maintains Visteon (NASDAQ:VC) with a Buy and lowers the price target from $139 to $126.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Adobe Inc. (NASDAQ:ADBE) from $700 to $635. Piper Sandler analyst Brent Bracelin maintained an Overweight rating. Adobe shares fell 1.2% to close at $557.63 on Thursday. See how other analysts view this stock. Needham slashed the price target for KalVista Pharmaceuticals, Inc. (NASDAQ:KALV) from $35 to $32. Needham analyst Serge Belanger maintained a Buy rating. KalVista Pharmaceuticals shares fell 0.6% to close at $12.50 on Thursday. See how other analysts vi
Analysts' ratings for Visteon (NASDAQ:VC) over the last quarter vary from bullish to bearish, as provided by 9 analysts. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 5 0 0 Last 30D 0 0 1 0 0 1M Ago 2 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 3 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $127.33, a high estimate of $145.00, and a low estimate of $107.00. Observing a downward trend, the current average is 6.3% lower tha
Baird analyst Luke Junk downgrades Visteon (NASDAQ:VC) from Outperform to Neutral and lowers the price target from $137 to $120.
Goldman Sachs analyst Mark Delaney maintains Visteon (NASDAQ:VC) with a Buy and lowers the price target from $161 to $133.