Visteon (NASDAQ:VC) Price Target Cut to $148.00 by Analysts at Wells Fargo & Company

Visteon (NASDAQ:VC) had its price target decreased by Wells Fargo & Company from $151.00 to $148.00 in a research report sent to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Morgan Stanley upped their target price on shares of Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday. Barclays set a $130.00 price target on shares of Visteon in a research note on Monday, October 27th. Robert W. Baird set a $141.00 price objective on Visteon in a research note on Friday, October 24th. Finally, Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.08.

Visteon Price Performance

Shares of VC opened at $99.91 on Tuesday. The firm has a market cap of $2.73 billion, a PE ratio of 8.98, a P/E/G ratio of 2.40 and a beta of 1.14. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $107.79 and a two-hundred day simple moving average of $108.77.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The company had revenue of $917.00 million during the quarter, compared to analyst estimates of $945.41 million. During the same quarter in the previous year, the company posted $2.26 earnings per share. Visteon’s revenue was down 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Visteon will post 8.42 EPS for the current year.

Visteon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Tuesday, November 18th were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.10 annualized dividend and a yield of 1.1%. Visteon’s dividend payout ratio is currently 9.88%.

Insider Transactions at Visteon

In other Visteon news, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the sale, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $19,311,480.54. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

Several institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new stake in Visteon during the 3rd quarter valued at approximately $30,000. USA Financial Formulas bought a new position in Visteon in the 3rd quarter worth approximately $44,000. Fifth Third Bancorp grew its holdings in 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 in the last quarter. Plato Investment Management Ltd purchased a new stake in Visteon during the 3rd quarter valued at approximately $48,000. Finally, Hantz Financial Services Inc. raised its position in shares of Visteon by 72.0% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors 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.