Wells Fargo & Company Increases Visteon (NASDAQ:VC) Price Target to $115.00

Visteon (NASDAQ:VC) had its price objective raised by Wells Fargo & Company from $107.00 to $115.00 in a report published on Friday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also recently weighed in on VC. Citigroup dropped their price target on Visteon from $139.00 to $126.00 and set a buy rating for the company in a report on Friday, July 12th. Robert W. Baird reissued a neutral rating and set a $120.00 target price (down previously from $137.00) on shares of Visteon in a report on Friday, July 12th. UBS Group decreased their price target on shares of Visteon from $144.00 to $135.00 and set a buy rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lowered their price target on shares of Visteon from $144.00 to $135.00 and set a neutral rating on the stock in a research report on Monday, July 22nd. Finally, Morgan Stanley cut their price objective on shares of Visteon from $145.00 to $135.00 and set an equal weight rating for the company in a report on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Visteon presently has an average rating of Moderate Buy and a consensus price target of $134.31.

Visteon Price Performance

Shares of VC opened at $111.53 on Friday. The company’s 50-day moving average is $108.22 and its 200-day moving average is $112.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.37. The firm has a market capitalization of $3.08 billion, a PE ratio of 6.37, a PEG ratio of 0.54 and a beta of 1.46. Visteon has a fifty-two week low of $101.42 and a fifty-two week high of $159.06.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. Visteon’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 EPS. Equities analysts forecast that Visteon will post 8.21 EPS for the current year.

Institutional Trading of Visteon

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in Visteon by 404.5% in the first quarter. Assenagon Asset Management S.A. now owns 405,280 shares of the company’s stock valued at $47,665,000 after buying an additional 324,946 shares in the last quarter. Norges Bank acquired a new stake in shares of Visteon during the 4th quarter valued at $40,092,000. Cubist Systematic Strategies LLC grew its position in Visteon by 416.5% during the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock worth $18,619,000 after acquiring an additional 120,210 shares during the last quarter. FIFTHDELTA Ltd increased its holdings in Visteon by 13.6% in the 1st quarter. FIFTHDELTA Ltd now owns 546,617 shares of the company’s stock worth $64,288,000 after purchasing an additional 65,500 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Visteon by 5.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,155,805 shares of the company’s stock valued at $144,360,000 after purchasing an additional 60,507 shares during the last quarter. 99.71% of the stock is currently 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.