Visteon (NASDAQ:VC) Price Target Lowered to $124.00 at Wells Fargo & Company

Visteon (NASDAQ:VC) had its price objective dropped by investment analysts at Wells Fargo & Company from $125.00 to $124.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 39.30% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group set a $120.00 price objective on shares of Visteon in a research note on Thursday, January 15th. Morgan Stanley raised their target price on Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Barclays lowered their price target on Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Royal Bank Of Canada lowered their price objective on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on Visteon from $118.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Visteon has an average rating of “Moderate Buy” and a consensus target price of $122.25.

Visteon Stock Performance

Shares of NASDAQ VC traded up $3.31 during trading hours on Tuesday, reaching $89.02. The stock had a trading volume of 79,565 shares, compared to its average volume of 577,453. The firm has a 50-day moving average of $93.77 and a 200-day moving average of $102.51. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 1.07 and a beta of 1.15. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $129.10.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, February 19th. The company reported $2.96 EPS for the quarter, topping the consensus estimate of $2.08 by $0.88. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The company had revenue of $948.00 million for the quarter, compared to analyst estimates of $920.25 million. During the same quarter in the previous year, the company posted $4.44 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that Visteon will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the completion of the sale, the chief executive officer directly owned 175,527 shares in the company, valued at $16,401,242.88. This represents a 21.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. Amundi increased its holdings in Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after purchasing an additional 86 shares during the last quarter. Orion Porfolio Solutions LLC boosted 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 acquiring an additional 97 shares during the period. Advisors Asset Management Inc. grew its stake in Visteon by 1.8% during the 4th quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock worth $622,000 after buying an additional 116 shares during the last quarter. UMB Bank n.a. grew its position in Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Visteon by 2.0% in the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock worth $965,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

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.