Wells Fargo upgraded Visteon from Underweight to Equal Weight and set a new price target of $108.00 from $106.00 previously
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| 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 |
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., 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
4 - VISTEON CORP (0001111335) (Issuer)
4 - VISTEON CORP (0001111335) (Issuer)
4 - VISTEON CORP (0001111335) (Issuer)
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
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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
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SC 13G/A - VISTEON CORP (0001111335) (Subject)
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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.