Canopy Growth stock tumbles after announcing $200 million share sale plan
Colleen Elizabeth Myers, the Chief Accounting Officer of Visteon Corp (NASDAQ:VC), recently sold a portion of her shares in the automotive supplier. According to a recent SEC filing, Myers disposed of 225 shares of Visteon common stock on March 20, 2025, at a price of $81.81 per share. This transaction amounted to a total value of $18,407. The sale comes as Visteon, with a market capitalization of $2.2 billion, trades near its 52-week low of $75.75, despite showing strong financial health according to InvestingPro analysis. The stock currently trades at an attractive P/E ratio of 4.3x, suggesting potential undervaluation relative to its Fair Value.
Following the sale, Myers retains ownership of 243 shares in the company. These transactions are part of the regular disclosure requirements for company insiders, providing transparency to investors regarding insider trading activities. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 8 additional ProTips and detailed metrics, including the company’s upcoming earnings report scheduled for April 24, 2025.
In other recent news, Visteon Corporation reported a significant earnings beat for the fourth quarter of 2024, with earnings per share reaching $4.44, far surpassing the analyst forecast of $1.93. However, the company’s revenue for the same period was slightly below expectations, coming in at $939 million against a forecast of $949.71 million. Despite this revenue miss, Visteon’s stock surged following the earnings announcement, reflecting positive investor sentiment. The company also launched 95 new products in 2024, focusing on AI and electrification, which contributed to its robust market performance.
JPMorgan analyst Ryan Brinkman adjusted the price target for Visteon to $105 from $108, maintaining a Neutral rating on the company’s shares. This revision followed Visteon’s earnings report, which highlighted stronger-than-expected EBITDA but slightly lower revenue. Brinkman cited challenges in China and a dimmer outlook for Visteon’s Battery Management Systems segment due to an electric vehicle market slowdown as reasons for the adjustment. Nonetheless, recent award wins with domestic Chinese automakers could potentially boost future revenue.
Visteon’s full-year sales for 2024 totaled $3.87 billion, with record adjusted EBITDA of $474 million. The company provided a sales guidance midpoint of $3.75 billion for 2025, expecting mid-to-high single-digit growth over the market in 2026-2027. Visteon targets a 13.3% EBITDA margin by 2027, focusing on sustainable growth and profitability. The global light vehicle production is expected to decline slightly in 2025, which could impact demand, but Visteon remains optimistic about its strategic positioning in the automotive sector.
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