Visteon (NASDAQ:VC) Raised to Outperform at Robert W. Baird

Visteon (NASDAQ:VC) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm presently has a $125.00 price objective on the stock, up from their prior price objective of $96.00. Robert W. Baird’s price target points to a potential upside of 12.89% from the stock’s current price.

Several other analysts have also commented on the company. Wells Fargo & Company raised their price objective on Visteon from $101.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Guggenheim cut their target price on shares of Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. UBS Group reiterated a “neutral” rating and issued a $76.00 price objective (down from $114.00) on shares of Visteon in a report on Thursday, April 10th. Morgan Stanley dropped their price target on Visteon from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Finally, Barclays reaffirmed an “equal weight” rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.50.

Visteon Trading Up 2.3%

VC opened at $110.73 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $3.02 billion, a P/E ratio of 10.38 and a beta of 1.21. The stock’s fifty day moving average is $90.14 and its two-hundred day moving average is $84.55. Visteon has a 52 week low of $65.10 and a 52 week high of $117.94.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.70. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The business had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $906.38 million. During the same quarter last year, the company posted $1.61 earnings per share. The business’s quarterly revenue was up .1% on a year-over-year basis. Analysts forecast that Visteon will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total transaction of $200,300.00. Following the completion of the transaction, the senior vice president owned 20,838 shares of the company’s stock, valued at approximately $2,086,925.70. This trade represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its position in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $34,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC raised its position in Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after purchasing an additional 408 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC boosted its position in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after buying an additional 263 shares during the period. Finally, CX Institutional acquired a new stake in shares of Visteon in the first quarter valued at about $63,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Visteon

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