Visteon (NYSE:VC)‘s stock had its “market perform” rating reiterated by investment analysts at Wells Fargo & Co in a research report issued on Wednesday, October 17th, The Fly reports. They currently have a $86.00 price target on the auto parts company’s stock, down from their previous price target of $123.00. Wells Fargo & Co’s target price would indicate a potential upside of 8.59% from the company’s previous close.
Several other research firms have also recently commented on VC. Raymond James reaffirmed a “buy” rating on shares of Visteon in a research report on Monday, August 20th. Longbow Research set a $145.00 target price on Visteon and gave the company a “buy” rating in a report on Thursday, July 26th. Cowen reissued a “buy” rating and issued a $150.00 target price on shares of Visteon in a report on Friday, July 27th. Citigroup lowered their target price on Visteon from $126.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, July 30th. Finally, Barclays reissued a “hold” rating and issued a $104.00 target price on shares of Visteon in a report on Sunday, July 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $134.00.
VC stock traded down $3.38 during midday trading on Wednesday, hitting $79.20. The stock had a trading volume of 531,500 shares, compared to its average volume of 502,509. Visteon has a 52-week low of $67.27 and a 52-week high of $140.64.
In related news, insider Robert R. Vallance sold 850 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $116.85, for a total transaction of $99,322.50. Following the completion of the sale, the insider now directly owns 4,414 shares of the company’s stock, valued at approximately $515,775.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry James Wilson bought 5,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were purchased at an average cost of $76.95 per share, with a total value of $384,750.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $153,900. The disclosure for this purchase can be found here. 0.19% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of VC. BlackRock Inc. raised its position in Visteon by 103.6% during the 3rd quarter. BlackRock Inc. now owns 2,655,521 shares of the auto parts company’s stock valued at $246,698,000 after purchasing an additional 1,351,525 shares in the last quarter. Janus Henderson Group PLC raised its position in Visteon by 97.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,868,892 shares of the auto parts company’s stock valued at $241,536,000 after purchasing an additional 923,916 shares in the last quarter. Bank of New York Mellon Corp raised its position in Visteon by 22.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock valued at $320,071,000 after purchasing an additional 449,197 shares in the last quarter. Millennium Management LLC raised its position in Visteon by 475.7% during the 1st quarter. Millennium Management LLC now owns 247,152 shares of the auto parts company’s stock valued at $27,246,000 after purchasing an additional 204,225 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in Visteon during the 2nd quarter valued at $25,994,000.
Visteon Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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