Visteon (NASDAQ:VC) Stock Price Expected to Rise, Barclays Analyst Says

Visteon (NASDAQ:VC) had its target price increased by stock analysts at Barclays from $115.00 to $120.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 5.89% from the stock’s previous close.

VC has been the subject of several other reports. Guggenheim dropped their price objective on Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley dropped their price objective on Visteon from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. Baird R W raised Visteon from a “hold” rating to a “strong-buy” rating in a report on Friday, July 11th. UBS Group boosted their price objective on Visteon from $142.00 to $146.00 and gave the stock a “buy” rating in a report on Friday. Finally, Robert W. Baird raised Visteon from a “neutral” rating to an “outperform” rating and upped their price target for the company from $96.00 to $125.00 in a research note on Friday, July 11th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $115.33.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $113.32 on Friday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 10.80 and a beta of 1.21. Visteon has a 1-year low of $65.10 and a 1-year high of $117.94. The company has a current ratio of 1.87, a quick ratio of 1.50 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $95.51 and a two-hundred day moving average price of $86.21.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.35. The firm had revenue of $969.00 million during the quarter, compared to analysts’ expectations of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.54 EPS. Equities analysts predict that Visteon will post 8.42 earnings per share for the current year.

Insider Activity

In related news, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the transaction, the senior vice president directly owned 20,838 shares in the company, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

A number of large investors have recently bought and sold shares of VC. Thrivent Financial for Lutherans boosted its position in Visteon by 186.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 20,542 shares of the company’s stock worth $1,822,000 after acquiring an additional 13,380 shares during the last quarter. Xponance Inc. boosted its position in Visteon by 4.7% during the 4th quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after acquiring an additional 175 shares during the last quarter. Sei Investments Co. boosted its position in Visteon by 93.2% during the 4th quarter. Sei Investments Co. now owns 147,603 shares of the company’s stock worth $13,095,000 after acquiring an additional 71,202 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Visteon during the 4th quarter worth approximately $515,000. Finally, LPL Financial LLC boosted its position in Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock worth $547,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.