Visteon (NASDAQ:VC) PT Raised to $115.00 at Wells Fargo & Company

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

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird reissued a neutral rating and issued a $120.00 target price (down previously from $137.00) on shares of Visteon in a research note on Friday, July 12th. Citigroup reduced their price objective on shares of Visteon from $139.00 to $126.00 and set a buy rating on the stock in a research report on Friday, July 12th. Guggenheim dropped their target price on Visteon from $136.00 to $126.00 and set a buy rating for the company in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price target on Visteon from $144.00 to $135.00 and set a neutral rating on the stock in a report on Monday, July 22nd. Finally, Baird R W cut Visteon from a strong-buy rating to a hold rating in a report on Friday, July 12th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $134.31.

Visteon Stock Down 0.4 %

Shares of NASDAQ:VC opened at $111.12 on Friday. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.55 and a beta of 1.46. Visteon has a 12 month low of $101.42 and a 12 month high of $159.06. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $108.17 and a 200 day moving average price of $112.62.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.58. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. As a group, equities research analysts predict that Visteon will post 7.99 earnings per share for the current year.

Hedge Funds Weigh In On Visteon

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Visteon by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock worth $344,520,000 after buying an additional 48,457 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Visteon by 5.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,155,805 shares of the company’s stock worth $144,360,000 after purchasing an additional 60,507 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Visteon by 3.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 594,545 shares of the company’s stock valued at $74,259,000 after purchasing an additional 20,649 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Visteon by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 571,760 shares of the company’s stock valued at $71,416,000 after purchasing an additional 13,359 shares during the last quarter. Finally, FIFTHDELTA Ltd raised its holdings in Visteon by 13.6% in the first 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. 99.71% of the stock is currently owned by institutional investors.

About Visteon

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.