Visteon Stock (NASDAQ:VC), Trade Ideas

Visteon

Visteon Corp is an automotive supplier. It manufactures electronics products for original equipment vehicle manufacturers including Ford, Nissan, Renault, Mazda, BMW, General Motors, and Honda. The company offers information displays, instrument clusters, head-up displays, infotainment systems, telematics solutions, and Smartcore. The Company's reportable segment is Electronics. The Electronics segment provides vehicle cockpit electronics products to customers, including digital instrument clusters, domain controllers with integrated advanced driver assistance systems, displays, Android-based infotainment systems, and battery management systems. Geographically, it operates in North America, Europe, China, Asia-Pacific, and South America.

Visteon Corporation

Earnings

Equities

News

Guidance

Markets

General

Visteon Corporation&#39;s Q4 revenues decline 7%, with FY24 outlook below estimates, despite strong operating performance and new product launches.

Visteon Q4 Revenues Dip 7%, Issues FY24 Revenue Outlook Below Estimates

nyse shutter

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

Movers

Trading Ideas

EXPD

FANG

INTC

MTTR

NVDA

PANW

SSRM

VZIO

The market is entering a typically soft period and inflation worries have weighed on sentiment this time around.

US Stocks Set For Weaker Open On Mixed Retail Earnings, But Analyst Shrugs Off Weakness As &#39;Scary Moments&#39; In Great Years

Penny Stocks

Price Target

Small Cap

Analyst Ratings

ALLK

ANSS

APLS

BURL

NFLX

SEDG

TWST

WALD

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.

Netflix To Rally Over 13%? Here Are 10 Top Analyst Forecasts For Wednesday

Visteon Corp

Simplify Volt RoboCar Disruption and Tech ETF

Vitalibis Inc

V-cube Inc

VALUECOMMERCE CO LTD ORD by Valuecommerce Co., Ltd.

ValueCommerce Co Ltd

Victoria PLC

Vanguard World Funds ETF

Vericel Corp

Valencia CF Fan Token

V Technology Co Ltd

VCI Global Ltd

VITREOUS GLASS INC ORD by Vitreous Glass Inc.

Vitreous Glass Inc

VIVICELLS INTL INC by ViviCells International, Inc.

ViviCells International Inc

Vinci SA

Vanguard Intermediate-Term Corporate Bond ETF

Verecloud Inc

Virtus Duff & Phelps Clean Energy ETF

Vanguard Long-Term Corporate Bond ETF

VCAMPUS CORP by VCampus Corp.

Vaccinex Inc

VICON INDUSTRIES INC by Vicon Industries, Inc.

Vicon Industries Inc

Visiber57 Corp

VICPLAS INTERNATIONAL LTD by Vicplas International Ltd.

Vanguard Consumer Discretion ETF

Vanguard Core Bond ETF

Vacasa Inc

Vanguard Short-Term Corporate Bond ETF

Viewcast.com Inc

RAINMAKER SYSTEMS INC by Rainmaker Systems, Inc.

Rainmaker Systems Inc

VECTION TECH S/ADR by VECTION TECHNOLOGIES LTD

Victory Capital Holdings, Inc. - Common Stock

Victory Capital Holdings Inc

VECTION TECHNOLOGIES LTD by VECTION TECHNOLOGIES LTD

VIDEOLOCITY INTL INC by Videolocity International, Inc.

Videolocity International Inc

VIZSLA COPPER CORP by Vizsla Copper Corp.

Vizsla Copper Corp

Invesco California Value Municipal Income Trust Common Stock

Invesco California Value Municipal Income Trust

VINACAPITAL VIETN FD ORD by Vinacapital Vietnam Opportnty Fd Ltd

VATIC VENTURES CORP COM by Vatic Ventures Corp

Vatic Ventures Corp

10X CAPITAL VENTURE ACQUISITION CORP II UNIT 1 CL A SH & 1/3 WT EXP

10X Capital Venture Acquisition Corp. III Class A Ordinary Shares

10X Capital Venture Acquisition Corp III

10X Capital Venture Acquisition Corp. III Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant

10X Capital Venture Acquisition Corp. III Redeemable warrants, each whole warrant exercisable for one Class A ordinary share, each at an exercise price of $11.50 per share

VELOCITY ENERGY INC by Velocity Energy Inc.

Velocity Energy Inc.

Veracyte Inc

Visteon is maintaining its full-year 2024&nbsp;guidance&nbsp;and anticipates&nbsp;adjusted EBITDA in the range of&nbsp;$470&nbsp;to&nbsp;$500 million, and adjusted free cash flow in the range of&nbsp;$155&nbsp;to&nbsp;$185 million.

Visteon Maintains Full-Year 2024 Guidance And Anticipates Sales Of $4.0B-$4.2B, Est $4.105B

Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) reported quarterly earnings of $1.61 per share which missed the analyst consensus estimate of $1.68 by 4.17 percent. The company reported quarterly sales of $933.000 million which missed the analyst consensus estimate of $977.869 million by 4.59 percent. This is a 3.52 percent decrease over sales of $967.000 million the same period last year.

Earnings Misses

Visteon Q1 2024 Adj EPS $1.61 Misses $1.68 Estimate, Sales $933.000M Miss $977.869M Estimate

JP Morgan analyst Ryan Brinkman maintains Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) with a Neutral and lowers the price target from $146 to $145.

JP Morgan Maintains Neutral on Visteon, Lowers Price Target to $145

Guggenheim analyst Ronald Jewsikow maintains Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) with a Buy and lowers the price target from $136 to $126.

Guggenheim Maintains Buy on Visteon, Lowers Price Target to $126

Analysts' ratings for Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $141.43, a high estimate of $160.00, and a low estimate of $106.00. A decline of 6.16% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1712761276_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Visteon among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Johnson</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Tom Narayan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$146.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$160.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$106.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$148.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Joseph Spak</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$143.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Visteon. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Visteon compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Visteon's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Visteon's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/VC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Visteon analyst ratings.</a>
<h2>Get to Know Visteon Better</h2>
Visteon Corp is an automotive supplier. It manufactures electronics products for original equipment vehicle manufacturers including Ford, Nissan, Renault, Mazda, BMW, General Motors, and Honda. The company offers information displays, instrument clusters, head-up displays, infotainment systems, telematics solutions, and Smartcore. The Company's reportable segment is Electronics. The Electronics segment provides vehicle cockpit electronics products to customers, including digital instrument clusters, domain controllers with integrated advanced driver assistance systems, displays, Android-based infotainment systems, and battery management systems. Geographically, it operates in North America, Europe, China, Asia-Pacific, and South America.
<h3>Visteon's Financial Performance</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Visteon's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -6.95% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 36.97%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Visteon's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 41.54% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Visteon's ROA excels beyond industry benchmarks, reaching 14.4%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.43.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 7 Analyst Projections For Visteon

Barclays analyst Brian Johnson upgrades Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) from Equal-Weight to Overweight and raises the price target from $140 to $145.

Upgrades

Barclays Upgrades Visteon to Overweight, Raises Price Target to $145

RBC Capital analyst Tom Narayan maintains Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) with a Outperform and lowers the price target from $188 to $146.

RBC Capital Maintains Outperform on Visteon, Lowers Price Target to $146

B of A Securities analyst John Murphy maintains Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) with a Buy and lowers the price target from $165 to $160.

B of A Securities Maintains Buy on Visteon, Lowers Price Target to $160

During the last three months, 6 analysts shared their evaluations of Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Visteon and provided 12-month price targets. The average target is $142.67, accompanied by a high estimate of $187.00 and a low estimate of $106.00. Marking an increase of 1.54%, the current average surpasses the previous average price target of $140.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1708542053_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The perception of Visteon by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$106.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$148.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Joseph Spak</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Tom Narayan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$187.00</td>
<td>-</td>
</tr>
<tr>
<td>James Picariello</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$130.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Visteon. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Visteon compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Visteon's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Visteon analyst ratings.</a>
<h2>Get to Know Visteon Better</h2>
Visteon Corp is an automotive supplier. It manufactures electronics products for original equipment vehicle manufacturers including Ford, Nissan, Renault, Mazda, BMW, General Motors, and Honda. The company offers information displays, instrument clusters, head-up displays, infotainment systems, telematics solutions and Smartcore. The Company's reportable segment is Electronics. The Electronics segment provides vehicle cockpit electronics products to customers, including digital instrument clusters, domain controllers with integrated advance driver assistance systems, displays, Android-based infotainment systems, and battery management systems. Geographically, it operates in North America, Europe, China, Asia-Pacific and South America.
<h3>Financial Milestones: Visteon's Journey</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Visteon faced challenges, resulting in a decline of approximately -1.17% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Visteon's net margin is impressive, surpassing industry averages. With a net margin of 6.51%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Visteon's ROE stands out, surpassing industry averages. With an impressive ROE of 9.24%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Visteon's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.82%, the company showcases efficient use of assets and strong financial health.
Debt Management: Visteon's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.63.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Visteon: Insights From 6 Financial Analysts

Visteon Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) reported fourth-quarter sales of $990 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g37208170/visteon-announces-2023-financial-results-and-2024-outlook" rel="noreferrer noopener">missing the street view of $1.049 billion</a>.&nbsp;
Quarterly sales fell almost 7% year over year. The decline in net sales was primarily due to lower recoveries resulting from&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">improved semiconductor supply in 2023.</a>
Adjusted EBITDA of $117 million in the fourth quarter increased $14 million compared to the prior year, primarily reflecting strong operating performance, the ongoing benefits of cost and commercial discipline, and lower net engineering cost due in part to the timing of project spending. 
Adjusted EBITDA margin was 11.8% of sales, an increase of 210 basis points compared to the prior year. Gross margin in the fourth quarter was $130 million, higher than $114 million a year ago. Visteon launched 129 new products in 2023. 
The company reported adjusted earnings per share of $1.91, missing the analyst consensus of $2.09. The adjusted earnings per share excludes a non-cash tax benefit of $313 million, or $11.10 per diluted share.
Visteon repurchased $106 million of shares during 2023 under the $300 million share repurchase authorization announced in March 2023.
Outlook:&nbsp;Visteon expects FY24 net sales of $4 billion-$4.2 billion (<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">estimate: $4.3 billion</a>).
The firm projects adjusted EBITDA in the range of $470 million-$500 million and adjusted free cash flow of $155 million to $185 million.
&#8220;Our impressive $7.2 billion of new business wins and high number of new product launches in 2023 lay the foundation for continued growth in 2024 and years to come,&#8221; said President and CEO Sachin Lawande.
Price Action:&nbsp;VC shares are trading higher by 0.73% to $118.19 on the last check Tuesday.

Early indications point to a dour mood as Wall Street reopens after the <a href="https://www.benzinga.com/news/24/02/37196072/presidents-day-sees-wall-street-pause-nasdaq-nyse-shut-doors-today">President&#8217;s Day public holiday, </a>with all three major index futures trading moderately lower. Home Depot, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) results disappointed as the home-improvement retailer reported a sales decline for 2023, while Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) rose after the company agreed to buy VIZIO Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZIO#NYSE">VZIO</a>) and reported solid quarterly results.
Traders will likely stay cautious ahead of earnings from Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), due Wednesday, as the recent market run-up has been premised on AI-spending that will justify the stretched valuations of tech stocks. &#8220;Nvidia's earnings announcement this week and its guidance should signal that&nbsp;the AI dominance will continue,&#8221; said fund manager Louis Navellier.&nbsp; 
&#8220;Frankly, with 215.8% forecasted sales growth, plus 387.5% forecasted earnings growth, Nvidia is expected to post spectacular quarterly results and issue positive guidance.&#8221;
Cues From Past Week&#8217;s Trading:
The two inflation reports released last week spooked investors in the week ended Feb. 16, forcing them to revise their odds of a March rate cut. In the process, the major indices, namely the Dow Industrials, the S&amp;P 500 Index, and the Nasdaq Composite snapped their five-week winning run. The only consolidation is that the S&amp;P 500 held the 5,000 level. 
On the other hand, small-cap stocks bucked the downtrend and ended notably higher for the week.
 US Index Performance In Week Ended Feb. 16
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.35%</td>
<td>15,775.65</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.42%</td>
<td>5,005.57</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.11</td>
<td>38,627.99</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.75%</td>
<td>2,045.14</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
The past week&#8217;s pullback did not deter a bullish analyst, who continues to bet on another year of solid performance for the stock market. 
While the S&amp;P 500 Index gained close to 25% in 2023, it experienced a 7.8% pullback from early February to mid-March amid the regional banking crisis, said Carson Group&#8217;s Ryan Detrick. The broader gauge also saw a 10.2% correction from end-July to Oct. 27, he added.
&#8220;This is normal, even for great yrs to have some scary moments,&#8221; the analyst said. 
Futures Today
 Futures Performance On Tuesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.39%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.27%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.30%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.61%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.26% to $498.20 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) 0.39% to $428.91, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The holiday-shortened week&#8217;s economic calendar is dominated by Fed speeches and comments by central bank officials that can cause gyrations in the market. The next rate-setting meeting of the Federal Open Market Committee is scheduled for March 19-20 and the central bank officials go into a quiet period between March 9 and 21.
Traders may also focus on the minutes of the January FOMC meeting, the Conference Board&#8217;s leading economic index for January, the weekly jobless claims report, the January existing home sales report and S&amp;P Global&#8217;s flash U.S. manufacturing and service sector readings.
On Monday, the Conference Board is set to release the leading economic index for January at 10 a.m. ET. Economists, on average, expect another down month. The LEI may have dipped 0.3% month-over-month in January, steeper than the 0.1% drop in December.
The Treasury will auction three- and six-month bills at 11:30 a.m. ET and 52-week bills at 1 p.m. ET.
See also:<a> </a><a href="https://www.benzinga.com/money/futures-vs-options">Futures Vs. Options</a>
Stocks In Focus:
<ul>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) rallied over 12.70% <a href="https://www.benzinga.com/premarket">in premarket trading </a>after the company agreed to be acquired by Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>). The latter fell nearly 5.5%.</li>
<li>GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) climbed over t% after the U.S. government awarded the company $1.5 billion under the Biden administration&#8217;s  CHIPS and Science Act that was passed in mid-2022.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) added over 4% in reaction to reports that the chipmaker is in talks with the government regarding $10 billion subsidies.</li>
<li>SSR Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NASDAQ">SSRM</a>) resumed its slide as the stock fell over 12% after the company said the Turkish Government authorities chose to temporarily suspend search and rescue activities in order to focus on the stabilization of the heap leach area. The company also postponed its earnings release date to Feb. 27. Last week, the stock came under intense selling pressure after it suspended production at a mine in eastern Turkey after a landslide.</li>
<li>The <a href="https://www.benzinga.com/calendars/earnings">major companies reporting their quarterly results before the market opens</a> are Choice Hotels International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>), Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>), Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) and Visteon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VC#NYSE">VC</a>).</li>
<li>Those reporting after the close include Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), Chesapeake Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>), Matterport, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTTR#NASDAQ">MTTR</a>), Palo Alto Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) and Workiva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures fell 1.11% to $77.59 in early European session on Tuesday after the commodity rallied by 3.63% in the week ended Feb. 16. The benchmark 10-year Treasury note slipped 0.018 percentage points at 4.277%. 
The Asian markets ended on a mixed note due to a lack of lead from Wall Street overnight and China&#8217;s central bank&#8217;s move to cut its five-year loan prime rate by 25 basis points to 3.95%. The cut assumes importance as the five-year LPR is used as a reference rate for mortgage rates. The one-year PLR was maintained unchanged at 3.45%.
The Chinese market, which reopened after a weeklong holiday, posted uneasy gains and the Hong Kong market advanced, while the South Korean, Japanese, New Zealand, and Australian markets retreated.
European stocks traded on a lackluster note late morning on Tuesday, with the Euro Stoxx 50 Index down about 0.1%.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/02/37206424/nvidias-rally-steals-limelight-but-this-unsung-ai-levered-stock-has-witnessed-a-9-900-rocket-rid">Nvidia&#8217;s Rally Steals Limelight, But This Unsung AI-Levered Stock Has Witnessed A 9,900% Rocket Ride Since 2007 IPO</a>

US Stocks Set For Weaker Open On Mixed Retail Earnings, But Analyst Shrugs Off Weakness As 'Scary Moments' In Great Years

Visteon Expects FY24 Net Sales Of $4B-$4.2B, Projects Adjusted EBITDA In The Range Of $470M-$500M

Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) reported quarterly earnings of $1.91 per share which missed the analyst consensus estimate of $2.09 by 8.61 percent. This is a 44.7 percent increase over earnings of $1.32 per share from the same period last year. The company reported quarterly sales of $990.00 million which missed the analyst consensus estimate of $1.05 billion by 5.67 percent. This is a 6.95 percent decrease over sales of $1.06 billion the same period last year.

Visteon Q4 Adj. EPS $1.91 Misses $2.09 Estimate, Sales $990.00M Miss $1.05B Estimate

ABCL

ADEA

ALLE

AMPL

ANDE

AROC

AVNS

AXSM

BTCY

BYON

CAMT

CMTG

CRNT

CSGP

DBRG

DFIN

ENLC

ENVX

ESRT

ETRN

GATO

GMED

HALO

HCKT

ILPT

INST

JBGS

KEYS

LAND

LGIH

MATX

MFIN

MIDD

MTDR

NXRT

QUAD

SEVN

SKWD

SMMT

SPNS

SPNT

TCMD

TDOC

Earnings Scheduled For February 20, 2024

Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that Visteon will report an earnings per share (EPS) of $2.09. 
Visteon bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.37, which was followed by a 6.74% drop in the share price the next day.
Here's a look at Visteon's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.98</td>
<td>1.58</td>
<td>1.18</td>
<td>1.49</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.35</td>
<td>1.18</td>
<td>1.25</td>
<td>1.32</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.74%</td>
<td>-4.7%</td>
<td>-0.83%</td>
<td>-1.86%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708351315_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Visteon were trading at $123.13 as of February 15. Over the last 52-week period, shares are down 26.04%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/VC/earnings">To track all earnings releases for Visteon visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Visteon

In the preceding three months, 6 analysts have released ratings for Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>), presenting a wide array of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Visteon and provided 12-month price targets. The average target is $149.83, accompanied by a high estimate of $187.00 and a low estimate of $130.00. Highlighting a 2.5% decrease, the current average has fallen from the previous average price target of $153.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1706187612_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Visteon. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$148.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Joseph Spak</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Tom Narayan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$187.00</td>
<td>-</td>
</tr>
<tr>
<td>James Picariello</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Itay Michaeli</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Buy</td>
<td>$149.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Visteon. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Visteon compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Visteon's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Visteon's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Visteon analyst ratings.</a>
<h2>About Visteon</h2>
Visteon Corp is an automotive supplier. It manufactures electronics products for original equipment vehicle manufacturers including Ford, Nissan, Renault, Mazda, BMW, General Motors, and Honda. The company offers information displays, instrument clusters, head-up displays, infotainment systems, telematics solutions and Smartcore. The Company's reportable segment is Electronics. The Electronics segment provides vehicle cockpit electronics products to customers, including digital instrument clusters, domain controllers with integrated advance driver assistance systems, displays, Android-based infotainment systems, and battery management systems. Geographically, it operates in North America, Europe, China, Asia-Pacific and South America.
<h3>Visteon's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Visteon faced challenges, resulting in a decline of approximately -1.17% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Visteon's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 6.51%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Visteon's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 9.24%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Visteon's ROA stands out, surpassing industry averages. With an impressive ROA of 2.82%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Visteon's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.63.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Visteon Stands With Analysts

JP Morgan analyst Ryan Brinkman maintains Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) with a Neutral and lowers the price target from $160 to $148.

JP Morgan Maintains Neutral on Visteon, Lowers Price Target to $148

Barclays analyst Raimo Lenschow maintains Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) with a Equal-Weight and lowers the price target from $158 to $140.

Barclays Maintains Equal-Weight on Visteon, Lowers Price Target to $140

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 <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Keybanc raised Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) price target from $525 to $545. Keybanc analyst Justin Patterson maintained an Overweight rating. Netflix shares fell 2.2% to close at $481.24 on Tuesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs increased the price target for Twist Bioscience Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twst#NASDAQ">TWST</a>) from $25 to $45. Goldman Sachs analyst Matthew Sykes upgraded the stock from Neutral to Buy. Twist Bioscience shares fell 2.4% to close at $35.27 on Tuesday. <a href="https://www.benzinga.com/quote/TWST/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler boosted the price target for Burlington Stores, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/burl#NYSE">BURL</a>) from $155 to $240. Piper Sandler analyst Edward Yruma upgraded the stock from Neutral to Overweight. Burlington shares rose 0.8% to close at $193.37 on Tuesday. <a href="https://www.benzinga.com/quote/BURL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS boosted Visteon Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vc#NASDAQ">VC</a>) price target from $143 to $145. UBS analyst Joseph Spak upgraded the stock from Neutral to Buy. Visteon shares gained 1.3% to close at $115.46 on Tuesday. <a href="https://www.benzinga.com/quote/VC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut the price target for Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) from $94 to $87. JP Morgan analyst Kian Abouhossein downgraded the stock from Overweight to Neutral. Morgan Stanley shares fell 4.2% to close at $85.97 on Tuesday. <a href="https://www.benzinga.com/quote/MS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt raised the price target for ANSYS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>) from $332 to $345. Rosenblatt analyst Blair Abernethy downgraded the stock from Buy to Neutral. ANSYS shares fell 5.5% to close at $327.42 on Tuesday. See how other analysts view this stock.</li>
<li>Barclays cut SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) price target from $74 to $50. Barclays analyst Christine Cho downgraded the stock from Equal-Weight to Underweight. SolarEdge shares fell 1.9% to close at $72.83 on Tuesday. See how other analysts view this stock.</li>
<li>HC Wainwright &amp; Co. increased Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) price target from $82 to $92. HC Wainwright &amp; Co. analyst Douglas Tsao maintained a Buy rating. Apellis Pharmaceuticals shares fell 5.6% to close at $66.30 on Tuesday. <a href="https://www.benzinga.com/quote/APLS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group cut Waldencast plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wald#NASDAQ">WALD</a>) price target from $13 to $12. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating. Waldencast shares fell 15.3% to close at $8.70 on Tuesday. <a href="https://www.benzinga.com/quote/WALD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut Allakos Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allk#NASDAQ">ALLK</a>) price target from $6 to $1.5. Jefferies analyst Kevin Strang downgraded the stock from Buy to Hold. Allakos shares dipped 60.2% to close at $1.19 on Tuesday. <a href="https://www.benzinga.com/quote/ALLK/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36656270/top-3-industrials-stocks-that-could-blast-off-in-january"> Top 3 Industrials Stocks That Could Blast Off In January </a>

UBS analyst Joseph Spak upgrades Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) from Neutral to Buy and raises the price target from $143 to $145.

UBS Upgrades Visteon to Buy, Raises Price Target to $145

The auto parts industry is thriving, driven by increasing new vehicle sales, rapid EV adoption worldwide, and several technological advancements. Amid this backdrop, robust auto parts stocks LKQ Corporation (LKQ), Visteon (VC), and Commercial Vehicle Group (CVGI) could be ideal watchlist additions. Continue reading… The prospects of the auto parts industry appear promising due to growing new vehicle sales, rising popularity of EVs globally, and other continued innovations in automotive technology. Also, the surge in e-commerce platforms expanded the reach of auto parts retailers, driving the overall industry growth.
Given the industry's optimistic outlook, it could be wise to add quality auto stocks LKQ Corporation (<a href="https://stocknews.com/stock/LKQ/">LKQ</a>), Visteon Corporation (<a href="https://stocknews.com/stock/VC/">VC</a>), and Commercial Vehicle Group, Inc. (<a href="https://stocknews.com/stock/CVGI/">CVGI</a>) to your portfolio for massive growth potential.
The auto parts market is a dynamic and crucial segment responsible for ensuring the smooth functioning and longevity of vehicles. The industry's growth is driven by continuous innovation in automotive technology, rising fuel-efficient vehicle demand, and growing emphasis on vehicle safety features.
Rising income levels, growing population, and better availability of credit primarily contribute to more people purchasing new vehicles, thus driving demand for auto parts. According to <a href="https://www.coxautoinc.com/news/cox-automotive-forecast-february-2024-u-s-auto-sales-forecast/">Cox Automotive</a>, new vehicle sales in February are expected to show gains over the last year and improvement from January.
Sales volume this month is anticipated to total 1.22 million units, up 6.3% from February 2023.
As per the Vantage Market Research report, the <a href="https://www.einpresswire.com/article/691357511/auto-parts-market-sales-1103-4-bn-to-expand-at-6-8-cagr-through-2030-vantage-market-research">auto parts market</a> is expected to reach $1.10 trillion by 2030, growing at a CAGR of 6.8% during the forecast period. Critical drivers like digital transformation, sustainable practices, supply chain optimization, and the electric vehicle revolution will contribute to the market's growth and profitability.
Technological advancements like EVs, hybrid systems, and advanced driver-assistance systems (ADAS) require specialized auto parts. Also, government regulations and safety standards often require updated or improved components, leading to increased demand for new parts.
Furthermore, the growing trends of vehicle customization and aftermarket modifications will boost the industry prospects, backed by consumers seeking better vehicle performance and aesthetic investment in high-quality auto parts.
In light of these favorable trends, let's look at the fundamentals of the three <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> stocks, beginning with number 3.
Stock #3: LKQ Corporation (<a href="https://stocknews.com/stock/LKQ/">LKQ</a>)
LKQ engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. The company operates through four segments: Wholesale-North America; Europe; Specialty; and Self Service.
On October 26, 2023, LKQ announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock, paid on November 30, 2023, to stockholders of record at the close of business on November 16, 2023. The dividend reflects a 9% increase over the prior quarterly dividend of $0.275.
LKQ pays an annual dividend of $1.20, which translates to a yield of 2.30% at the current share price. Its four-year average dividend yield is 0.96%.
On October 25, LKQ sold GSF Car Parts to Epiris Fund III, a private equity fund based in the United Kingdom. This divestiture fulfills the company's undertaking to the UK's Competition and Markets Authority to sell the GSF business related to its acquisition of Uni-Select Inc.
Rick Galloway, Senior Vice President and Chief Financial Officer, said, "The proceeds from the sale of GSF will be utilized to reduce our total debt, putting us in a better position to begin implementing a more balanced capital allocation strategy, which includes share repurchases."
In terms of forward EV/EBIT, LKQ is trading at 11.90x, 13.9% lower than the industry average of 13.82x. Also, the stock's forward non-GAAP P/E multiple of 12.95 is 18.8% lower than the industry average of 15.95. However, its forward EV/Sales of 1.26x is 2.3% higher than the industry average of 1.23x.
During the fourth quarter that ended December 31, 2023, LKQ's <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> increased 16.7% year-over-year to $3.50 billion. Its gross margin grew 14.4% from the year-ago value to $1.40 billion. However, the company's operating income came in at $277 million, a decline of 5.5% from the previous year's quarter.
In addition, the company's net income attributable to LKQ stockholders came in at $177 million and $0.66 per share, down 8.8% and 8.3% from the prior year's quarter, respectively.
Analysts expect LKQ's revenue for the first quarter (ending March 2024) to increase 12.6% year-over-year to $3.77 billion, but its EPS for the ongoing quarter is expected to decline 9% year-over-year to $0.95. Further, the company has surpassed the consensus revenue and EPS estimates in three of the trailing four quarters.
LKQ's stock has surged 10.1% over the past month to close the last trading session at $52.44. However, over the past year, the stock has plunged 8.7%.
LKQ's mixed outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to a Neutral in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a C for Growth, Stability, Value, and Sentiment. Within the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry, LKQ is ranked #38 of 62 stocks.
<a href="https://stocknews.com/stock/LKQ/">Click here</a> to access additional ratings of LKQ.
Stock #2: Visteon Corporation (<a href="https://stocknews.com/stock/VC/">VC</a>)
VC is an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, information displays, and infotainment and connected car solutions.
During the fiscal year 2023, VC repurchased about $106 million of shares during 2023 under the $300 million share repurchase authorization announced by the company in March 2023.
In 2023, VC launched 129 new products. Key product launches in the fourth quarter included a SmartCore&#x2122; cockpit domain controller and 12" display for the JMC-Ford Ranger in China, a SmartCore&#x2122; cockpit domain controller and 10" display for the Mahindra XUV, and a 12" digital cluster for the Nissan Rogue for the North American market.
These product launches continue to build the foundation for VC's long-term market outperformance.
VC's trailing-12-month net income margin of 12.19% is 163.8% higher than the 4.66% industry average. Also, the stock's ROCE and ROTA of 56.74% and 17.82% are considerably higher than the respective industry averages of 11.40% and 4.16%.
In terms of forward non-GAAP P/E, VC is trading at 13.58x, 14.9% lower than the industry average of 15.95x. Further, the stock's forward EV/Sales multiple of 0.76 is 38.1% lower than the industry average of 1.23. Likewise, its forward Price/Sales of 0.76x is 16.6% lower than the industry average of 0.91x.
For the fourth quarter that ended December 31, 2023, VC reported net sales of $990 million. The company's income before income taxes grew 37.5% from the year-ago value to $77 million. Also, net income attributable to VC and EPS came in at $366 million and $12.98, up 976.4% and 1000% year-over-year, respectively.
Furthermore, the company's adjusted EBITDA increased 13.6% year-over-year to $117 million. Its total assets, as of December 31, 2023, stood at $2.73 billion, compared to $2.45 billion as of December 31, 2022.
As per full-year 2024 guidance, VC anticipates its sales to be in the range of $4 billion to $4.20 billion. The company expects its adjusted EBITDA to be in the range of $470 million to $500 million and adjusted free cash flow in the range of $155 million to $185 million.
Analysts expect VC's revenue and EPS for the first quarter (ending March 2024) to increase 1.6% and 34.6% year-over-year to $982.25 million and $1.68, respectively. Moreover, the company has topped the consensus EPS estimate in three of the four trailing quarters.
Over the past month, VC's stock has declined 3.4% to close the last trading session at $114.90.
VC's POWR Ratings reflect its bright prospects. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
VC has a B grade for Quality. The stock is ranked #24 among 62 stocks within the A-rated Auto Parts industry.
To see the other ratings of VC for Growth, Momentum, Sentiment, Value, and Stability, <a href="https://stocknews.com/stock/VC/">click here</a>.
Stock #1: Commercial Vehicle Group, Inc. (<a href="https://stocknews.com/stock/CVGI/">CVGI</a>)
CVGI designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions; Electrical Systems; Aftermarket &amp; Accessories; and Industrial Automation. The company offers electrical wire harness assemblies and panel assemblies.
On February 1, 2024, CVGI announced the sale of its FinishTEK business to Rowmark LLC, a leading manufacturer of engravable sheet plastic for the awards, engraving and signage markets. FinishTEK is a hydrographic and paint decorator with 95,000 square feet of specialized manufacturing and warehouse space.
"As part of our strategy to drive revenue growth, primarily in our electrical systems business and improve our margins, we continually evaluate our portfolio of businesses and product lines for strategic fit and continued investment. This is a positive transaction for both companies and continues to optimize CVG's portfolio toward its core growth businesses," said James Ray, President and CEO of CVG.
On September 26, 2023, CVGI opened its new state-of-the-art manufacturing facility in Tangier, Morocco. The expansion reflects CVGI's commitment to its global electrification business growth and its first significant presence in Africa. The plant will initially offer nearly 30,000 sq. ft. of manufacturing space and produce electrical wire harnesses for the automotive industry.
In terms of forward EV/EBITDA, CVGI is trading at 4.88x, 58.6% lower than the industry average of 11.78x. Further, the stock's forward Price/Sales multiple of 0.21 is 85.5% lower than the industry average of 1.43. Likewise, its forward Price/Book of 1.43x is 47.3% lower than the industry average of 2.72x.
For the third quarter that ended on September 30, 2023, CVGI reported revenues of $246.69 million. The company's adjusted gross profit increased 23.8% year-over-year to $33.99 million. Its adjusted operating income was $12.52 million, up 17.9% from the prior year's quarter.
Additionally, the company's adjusted net income and adjusted EPS of $7.34 million and $0.22 indicate growth of 44.5% and 46.7% year-over-year, respectively. Its adjusted EBITDA rose 16.6% from the previous year's period to $16.61 million.
Street expects CVGI's EPS for the fiscal year (ended December 2023) to grow 88.2% year-over-year to $0.96. The company's revenue is estimated to increase 1.5% year-over-year to $996.81 million for the same period.
Shares of CVGI have gained 3.4% over the past month and 5.4% over the past three months to close the last trading session at $6.67.
CVGI's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
CVGI has an A grade for Value and a B for Sentiment, Growth, and Quality. It is ranked #6 among 62 stocks in the A-rated Auto Parts industry.
In addition to the POWR Ratings we've stated above, we also have CVGI ratings for Momentum and Stability. Get all CVGI ratings <a href="https://stocknews.com/stock/CVGI/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
LKQ shares were unchanged in premarket trading Tuesday. Year-to-date, LKQ has gained 9.73%, versus a 6.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/lkq-vc-cvgi-3-auto-parts-stocks-to-watch-for-massive-return-potential/>3 Auto Parts Stocks to Watch for Massive Return Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Auto Parts Stocks to Watch for Massive Return Potential

Automotive stocks upgraded at Morgan Stanley; Ford is top pick

Wells Fargo analyst Colin Langan maintained a Sell rating on Visteon (VC – Research Report) today and set a price target of $106.00. The company's ...

Wells Fargo Sticks to Its Sell Rating for Visteon (VC)

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Visteon (VC – Research Report) and Adidas (AD...

Analysts Are Bullish on Top Consumer Cyclical Stocks: Visteon (VC), Adidas (ADDYY)

Visteon (VC) Gets a Sell from Wells Fargo

Visteon Q1 2024 Earnings Preview

Visteon misses top-line and bottom-line estimates; reaffirms FY24 outlook

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Visteon (NASDAQ:<a href="https://investorplace.com/stock-quotes/vc-stock-quote/">VC</a>) just reported results for the first quarter of 2024.<ul><li>Visteon reported earnings per share of $1.61. This was below the analyst estimate for EPS of $1.68.</li><li>The company reported revenue of $933.00 million.</li><li>This was 4.59% worse than the analyst estimate for revenue of $977.87 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/04/vc-stock-earnings-visteon-for-q1-of-2024/">VC Stock Earnings: Visteon Misses EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.