Guggenheim raises Visteon PT to $147.00

Trending News 🌥️

Visteon Corp ($NASDAQ:VC)oration is a global automotive electronics supplier that designs, engineers and manufactures innovative solutions for customers. The company’s product portfolio includes infotainment, cluster, telematics, driver information and instrumentation, body electronics, and electrical distribution systems. Guggenheim has raised Visteon PT to $147.00, citing the company’s strong execution and strategic initiatives. The firm believes Visteon is well-positioned to capitalize on secular trends in the automotive industry and is one of the best-positioned suppliers in the industry.

Market Price

On Thursday, Visteon Corp stock opened at $127.5 and closed at $132.0, up by 1.4% from last closing price of 130.2. At the time of writing, media coverage on the company is mostly positive. Guggenheim raised Visteon’s PT to $147.00 based on the company’s strong execution and improving end markets. Visteon’s 3Q results were better than expected and the company is seeing positive momentum in its business.

Visteon is a leading global Tier 1 supplier of vehicle cockpit electronics and connected car solutions. The company’s products include instrument clusters, infotainment systems, head-up displays, advanced driver assistance systems, and connectivity modules. Visteon is well-positioned to benefit from the trend towards electrification and connectivity in the automotive industry.

VI Analysis

Visteon Corporation is a global automotive supplier that designs, engineers, and manufactures electronics and electrical components, systems, and services for original equipment manufacturers. The company’s products include instrument clusters, infotainment systems, driver information systems, and connectivity systems.

However, it is considered less stable due to lower profitability. The company is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Visteon would be of interest to investors who are looking for a company with strong fundamentals and a high growth potential.

VI Peers

Visteon Corp is one of the world’s leading suppliers of automotive electronics and information technology solutions. The company’s products are used in a wide range of vehicles, from cars and trucks to agricultural and construction equipment. Visteon has a strong presence in North America, Europe, Asia, and South America. The company’s main competitors are Stoneridge Inc, Tung Thih Electronic Co Ltd, Nanjng YueBoo Power System Co Ltd.

– Stoneridge Inc ($NYSE:SRI)

The company’s market cap is 619.76M as of 2022 and its ROE is -4.91%. Stoneridge Inc is a manufacturer of electrical and electronic components and systems for the automotive, commercial, motorcycle, and off-highway vehicle markets. The company’s products include engine management systems, electronic control units, sensors, and actuators.

– Tung Thih Electronic Co Ltd ($TPEX:3552)

Tung Thih Electronic Co Ltd is a publicly traded company with a market capitalization of 12.15 billion as of 2022. The company has a return on equity of 9.05%. Tung Thih Electronic Co Ltd is engaged in the manufacturing and sale of electronic products. The company’s products include digital cameras, mobile phones, and tablets.

– Nanjng YueBoo Power System Co Ltd ($SZSE:300742)

Nanjing Yuebo Power System Co Ltd is a Chinese company that manufactures and sells power generation equipment. The company has a market capitalization of 1.72 billion as of 2022 and a return on equity of -665.04%. The company’s products include diesel generators, gas generators, and solar power systems. Nanjing Yuebo Power System Co Ltd is headquartered in Nanjing, Jiangsu Province, China.

Summary

If you’re looking for a relatively safe way to play the ongoing rebound in the auto sector, Visteon Corp could be a good option. While the company isn’t a household name, it’s a major supplier of auto parts and systems, with a customer list that includes the likes of Ford, GM, and BMW. Given the strong tailwinds in the auto sector right now, Visteon is well positioned to benefit. Auto sales are rebounding from the pandemic-induced slowdown, and there’s also an ongoing shift toward electric vehicles , which require more sophisticated parts and systems.

In addition, Visteon recently spun off its interiors business, Adient, which should help it focus on its core strengths and improve profitability. So, with the auto sector on the upswing and Visteon well positioned to benefit, the stock could be a good way to play the rebound.