Visteon (NASDAQ:VC) Price Target Raised to $131.00 at Deutsche Bank Aktiengesellschaft

Visteon (NASDAQ:VC – Get Rating) had its target price raised by stock analysts at Deutsche Bank Aktiengesellschaft from $127.00 to $131.00 in a note issued to investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 24.51% from the stock’s current price.

A number of other analysts have also weighed in on VC. Jefferies Financial Group increased their price objective on Visteon from $132.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, February 18th. Exane BNP Paribas initiated coverage on Visteon in a research note on Monday, April 11th. They set a “neutral” rating and a $99.00 price objective for the company. Bank of America raised Visteon from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $122.00 to $140.00 in a research note on Wednesday, April 6th. Barclays dropped their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, Wells Fargo & Company dropped their price objective on Visteon from $91.00 to $86.00 and set an “underweight” rating for the company in a research note on Friday, April 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $119.62.

Shares of VC opened at $105.21 on Friday. The firm has a market cap of $2.95 billion, a P/E ratio of 73.06 and a beta of 1.91. The stock has a 50 day simple moving average of $105.06 and a two-hundred day simple moving average of $108.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.67 and a quick ratio of 1.36. Visteon has a 1 year low of $88.82 and a 1 year high of $134.57.

Visteon (NASDAQ:VC – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.45. The business had revenue of $818.00 million during the quarter, compared to analyst estimates of $731.40 million. Visteon had a return on equity of 11.42% and a net margin of 1.48%. Visteon’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, equities analysts anticipate that Visteon will post 4.29 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Visteon by 1.5% in the fourth quarter. BlackRock Inc. now owns 3,033,103 shares of the company’s stock worth $337,101,000 after purchasing an additional 45,547 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Visteon by 0.7% during the third quarter. Janus Henderson Group PLC now owns 2,667,550 shares of the company’s stock valued at $251,790,000 after acquiring an additional 17,470 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Visteon by 19.8% during the third quarter. Wellington Management Group LLP now owns 1,555,379 shares of the company’s stock valued at $146,813,000 after acquiring an additional 256,689 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Visteon by 14.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,360,429 shares of the company’s stock valued at $151,198,000 after acquiring an additional 173,616 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Visteon by 1.1% during the fourth quarter. State Street Corp now owns 1,013,285 shares of the company’s stock valued at $112,616,000 after acquiring an additional 11,499 shares in the last quarter.

Visteon Company Profile (Get Rating)

Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.

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