Wells Fargo & Company Boosts Visteon (NASDAQ:VC) Price Target to $139.00

Visteon (NASDAQ:VC) had its price objective hoisted by analysts at Wells Fargo & Company from $125.00 to $139.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 14.90% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of Visteon in a research note on Friday, February 20th. Morgan Stanley set a $115.00 target price on shares of Visteon in a research note on Monday, April 27th. Weiss Ratings raised Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price target on Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group raised their price target on Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.67.

Visteon Stock Performance

Visteon stock opened at $120.97 on Tuesday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.49 and a beta of 1.26. The stock has a fifty day moving average price of $103.19 and a two-hundred day moving average price of $99.66. Visteon has a 52-week low of $81.18 and a 52-week high of $129.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The firm had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. During the same quarter in the prior year, the firm posted $2.47 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts anticipate that Visteon will post 8.54 EPS for the current fiscal year.

Insider Activity at Visteon

In related news, CEO Sachin Lawande sold 38,817 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the sale, the chief executive officer owned 193,822 shares in the company, valued at approximately $22,023,993.86. This represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total value of $52,687.00. Following the transaction, the chief accounting officer owned 241 shares in the company, valued at approximately $26,731.72. This trade represents a 66.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 100,354 shares of company stock worth $10,367,708. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VC. Amundi grew its holdings in Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after purchasing an additional 86 shares during the period. Orion Porfolio Solutions LLC increased its stake in Visteon by 1.2% in the third quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after purchasing an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Visteon by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock worth $509,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Visteon by 1.8% during the fourth quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock worth $622,000 after purchasing an additional 116 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.