RBC Capital Sticks to Its Buy Rating for Visteon (VC)
In a report released yesterday, Tom Narayan from RBC Capital maintained a Buy rating on Visteon, with a price target of $117.00. The company’s shares closed yesterday at $109.40.
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Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Visteon, and Mercedes-Benz Group. According to TipRanks, Narayan has an average return of 7.4% and a 48.75% success rate on recommended stocks.
Visteon has an analyst consensus of Moderate Buy, with a price target consensus of $117.10, which is a 7.04% upside from current levels. In a report released today, Robert W. Baird also maintained a Buy rating on the stock with a $121.00 price target.
Based on Visteon’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $954 million and a net profit of $65 million. In comparison, last year the company earned a revenue of $934 million and had a net profit of $65 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VC in relation to earlier this year. Last month, Sachin Lawande, the CEO & President of VC sold 49,453.00 shares for a total of $4,620,762.12.
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