Wells Fargo & Company Cuts Visteon (NASDAQ:VC) Price Target to $107.00

Visteon (NASDAQ:VC) had its target price cut by Wells Fargo & Company from $108.00 to $107.00 in a research report released on Tuesday, Benzinga reports. They currently have an equal weight rating on the stock.

VC has been the subject of several other research reports. Royal Bank of Canada decreased their price target on shares of Visteon from $188.00 to $146.00 and set an outperform rating for the company in a report on Thursday, March 7th. Robert W. Baird decreased their price target on shares of Visteon from $140.00 to $137.00 and set an outperform rating for the company in a report on Friday, April 26th. Bank of America cut their price objective on shares of Visteon from $165.00 to $160.00 and set a buy rating on the stock in a research report on Thursday, February 29th. Morgan Stanley cut their price objective on shares of Visteon from $145.00 to $135.00 and set an equal weight rating on the stock in a research report on Friday, May 10th. Finally, Guggenheim cut their price objective on shares of Visteon from $136.00 to $126.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $138.64.

Visteon Price Performance

VC opened at $105.55 on Tuesday. The company has a fifty day moving average price of $110.13 and a two-hundred day moving average price of $115.07. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.37 and a current ratio of 1.74. Visteon has a 52 week low of $101.42 and a 52 week high of $159.87. The firm has a market capitalization of $2.91 billion, a PE ratio of 6.03, a P/E/G ratio of 0.50 and a beta of 1.54.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The business had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. During the same period in the prior year, the firm posted $1.25 EPS. Visteon’s revenue was down 3.5% on a year-over-year basis. As a group, analysts anticipate that Visteon will post 8.39 earnings per share for the current year.

Institutional Investors Weigh In On Visteon

Several institutional investors and hedge funds have recently added to or reduced their stakes in VC. Covestor Ltd lifted its position in Visteon by 105.7% during the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after buying an additional 111 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Visteon by 98.6% in the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Visteon in the 1st quarter valued at about $48,000. CWM LLC raised its holdings in shares of Visteon by 53.6% in the 4th quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in shares of Visteon by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after purchasing an additional 178 shares during the period. 99.71% of the stock is owned by institutional investors.

Visteon Company Profile

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.