Visteon (NASDAQ:VC) Price Target Raised to $151.00 at Wells Fargo & Company

Visteon (NASDAQ:VC) had its price objective boosted by Wells Fargo & Company from $145.00 to $151.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

VC has been the topic of a number of other research reports. Barclays upped their target price on Visteon from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Cfra Research downgraded Visteon from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, July 24th. The Goldman Sachs Group restated a “buy” rating on shares of Visteon in a research note on Friday, July 25th. Morgan Stanley upped their price target on Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 price target on the stock in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.00.

Visteon Stock Down 0.1%

VC stock opened at $120.69 on Thursday. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $129.10. The business’s 50 day moving average price is $120.17 and its two-hundred day moving average price is $97.24. 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 company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25.

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

Visteon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 18th. Visteon’s dividend payout ratio (DPR) is currently 10.49%.

Insider Buying and Selling at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the transaction, the senior vice president directly owned 18,838 shares of the company’s stock, valued at $2,260,560. This represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of the 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 transaction, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,102 shares of company stock worth $1,538,595. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Visteon

Hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 324 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Visteon by 111.5% during the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after buying an additional 204 shares during the period. Parallel Advisors LLC raised its holdings in Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock worth $37,000 after purchasing an additional 408 shares during the period. EMC Capital Management bought a new position in Visteon in the 2nd quarter worth $45,000. Finally, GAMMA Investing LLC raised its holdings in Visteon by 238.0% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $56,000 after purchasing an additional 426 shares during the period. 99.71% of the stock is owned by institutional investors.

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.