Visteon (NYSE:VC) had its target price upped by equities researchers at Citigroup from $69.00 to $86.00 in a note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Citigroup‘s target price would suggest a potential upside of 5.63% from the company’s current price.
Other equities analysts have also issued reports about the stock. Deutsche Bank set a $64.00 target price on shares of Visteon and gave the company a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada set a $65.00 target price on shares of Visteon and gave the company a “hold” rating in a report on Friday, July 26th. Robert W. Baird lifted their target price on shares of Visteon from $65.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group lowered shares of Visteon from a “neutral” rating to a “sell” rating and cut their target price for the company from $66.00 to $61.00 in a report on Thursday. Finally, Cowen set a $72.00 target price on shares of Visteon and gave the company a “buy” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $73.53.
NYSE VC traded up $0.07 on Friday, hitting $81.42. 6,003 shares of the company’s stock traded hands, compared to its average volume of 615,643. Visteon has a 1-year low of $44.04 and a 1-year high of $108.42. The firm’s 50-day moving average price is $66.62 and its two-hundred day moving average price is $64.86.
In related news, Director Harry James Wilson purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was bought at an average price of $53.92 per share, with a total value of $107,840.00. Following the acquisition, the director now owns 12,000 shares in the company, valued at $647,040. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in shares of Visteon by 76.1% during the first quarter. BNP Paribas Arbitrage SA now owns 905 shares of the auto parts company’s stock worth $61,000 after buying an additional 391 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Visteon during the 2nd quarter valued at about $138,000. Edmond DE Rothschild Holding S.A. boosted its position in shares of Visteon by 66.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,500 shares of the auto parts company’s stock valued at $168,000 after acquiring an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Visteon by 21.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,651 shares of the auto parts company’s stock valued at $155,000 after acquiring an additional 476 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Visteon during the 1st quarter valued at about $182,000.
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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