Visteon (NASDAQ:VC) Price Target Raised to $124.00

Visteon (NASDAQ:VC) had its target price boosted by Wells Fargo & Company from $119.00 to $124.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

VC has been the topic of a number of other research reports. Barclays dropped their price target on Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Royal Bank of Canada lowered their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.77.

Visteon Trading Down 2.3 %

Shares of Visteon stock opened at $88.61 on Wednesday. Visteon has a 12-month low of $75.75 and a 12-month high of $121.45. The stock has a market cap of $2.40 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.40 and a beta of 1.44. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $85.50 and its 200-day moving average is $91.15.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. Equities research analysts predict that Visteon will post 8.81 earnings per share for the current fiscal year.

Institutional Trading of Visteon

Several large investors have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in Visteon by 46.7% in the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after buying an additional 134 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after buying an additional 347 shares in the last quarter. KBC Group NV boosted its stake in Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after buying an additional 1,061 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after buying an additional 754 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.