Visteon (NASDAQ:VC) Price Target Raised to $115.00

Visteon (NASDAQ:VC) had its target price increased by Barclays from $95.00 to $115.00 in a report released on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

VC has been the subject of a number of other reports. Morgan Stanley lowered their price target on shares of Visteon from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. JPMorgan Chase & Co. lifted their price target on shares of Visteon from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Robert W. Baird upgraded shares of Visteon from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $96.00 to $125.00 in a report on Friday, July 11th. The Goldman Sachs Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $120.00 in a report on Friday, July 11th. Finally, Wells Fargo & Company lifted their price target on shares of Visteon from $101.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visteon presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.25.

Visteon Stock Down 0.9%

Shares of NASDAQ VC opened at $109.44 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. Visteon has a 52 week low of $65.10 and a 52 week high of $117.94. The firm has a 50-day moving average price of $93.04 and a 200 day moving average price of $85.35. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.26 and a beta of 1.21.

Visteon (NASDAQ:VC) last announced its 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. The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $906.38 million. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 earnings per share. Equities research analysts anticipate that Visteon will post 8.42 EPS for the current fiscal year.

Insider Activity at Visteon

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

Institutional Trading of Visteon

Several institutional investors have recently added to or reduced their stakes in VC. American Century Companies Inc. raised its holdings in shares of Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after purchasing an additional 536,073 shares during the period. Norges Bank acquired a new stake in shares of Visteon during the fourth quarter worth $29,468,000. Pacer Advisors Inc. raised its holdings in shares of Visteon by 2,402.0% during the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company’s stock worth $21,092,000 after purchasing an additional 260,877 shares during the period. New Vernon Capital Holdings II LLC acquired a new stake in shares of Visteon during the first quarter worth $17,068,000. Finally, Nuveen LLC bought a new position in shares of Visteon during the first quarter worth about $15,612,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Company Profile

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.