Visteon (NASDAQ:VC) PT Raised to $115.00 at Wells Fargo & Company

Visteon (NASDAQ:VC) had its target price boosted by analysts at Wells Fargo & Company from $107.00 to $115.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.67% from the company’s previous close.

A number of other brokerages have also recently commented on VC. The Goldman Sachs Group dropped their price objective on shares of Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Morgan Stanley decreased their price objective on Visteon from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, May 10th. Baird R W cut Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, UBS Group decreased their price target on Visteon from $144.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $133.83.

Visteon Trading Up 6.3 %

Shares of Visteon stock opened at $113.11 on Friday. Visteon has a twelve month low of $101.42 and a twelve month high of $159.06. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $108.27 and a 200-day moving average price of $112.76. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 0.51 and a beta of 1.46.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.58. Visteon had a return on equity of 53.49% and a net margin of 12.60%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $1.18 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Visteon will post 8.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Visteon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its position in Visteon by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock valued at $4,107,000 after purchasing an additional 91 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Visteon by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after acquiring an additional 100 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Visteon by 4.9% in the first quarter. Fifth Third Bancorp now owns 2,697 shares of the company’s stock valued at $317,000 after acquiring an additional 127 shares in the last quarter. CWM LLC lifted its stake in Visteon by 53.6% in the fourth quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

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.