Bank of America Raises Visteon (NASDAQ:VC) Price Target to $140.00

Visteon (NASDAQ:VC) had its price target lifted by Bank of America from $130.00 to $140.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 9.14% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Baird R W raised shares of Visteon from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 target price for the company in a research note on Wednesday, July 2nd. Wall Street Zen raised shares of Visteon from a “hold” rating to a “buy” rating in a research note on Sunday, August 24th. Cfra Research lowered shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Visteon in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.54.

Visteon Trading Up 2.2%

Visteon stock opened at $128.28 on Wednesday. The company has a 50 day moving average price of $117.01 and a 200 day moving average price of $94.66. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 4.85 and a beta of 1.25.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.35. The company had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the business posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. Research analysts forecast that Visteon will post 8.42 EPS for the current year.

Insider Buying and Selling

In related news, SVP Joao Paulo Ribeiro sold 710 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the sale, the senior vice president directly owned 6,698 shares in the company, valued at approximately $770,872.82. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Francis M. Scricco sold 4,350 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the sale, the director owned 2,792 shares of the company’s stock, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,102 shares of company stock worth $1,538,595. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after acquiring an additional 204 shares during the period. UMB Bank n.a. boosted its holdings in Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC raised its position in shares of Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after buying an additional 408 shares during the last quarter. EMC Capital Management acquired a new position in shares of Visteon during the second quarter valued at about $45,000. Finally, GAMMA Investing LLC raised its position in shares of Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $56,000 after buying an additional 426 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

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.