Wells Fargo & Company Forecasts Strong Price Appreciation for Visteon (NASDAQ:VC) Stock

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

Other analysts also recently issued research reports about the stock. Royal Bank of Canada decreased their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Finally, Barclays decreased their price objective on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.77.

Visteon Stock Performance

Shares of VC stock opened at $89.16 on Wednesday. The firm has a 50-day moving average of $85.64 and a 200-day moving average of $91.25. The company has a market cap of $2.46 billion, a P/E ratio of 4.84, a P/E/G ratio of 0.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. Visteon has a one year low of $75.75 and a one year high of $121.45.

Visteon (NASDAQ:VC) last posted 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 net margin of 13.22% and a return on equity of 46.19%. The business had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Equities research analysts forecast that Visteon will post 8.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

A number of large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Visteon by 24.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,916 shares of the company’s stock valued at $7,179,000 after acquiring an additional 15,666 shares during the period. Voloridge Investment Management LLC boosted its position in shares of Visteon by 23.4% in the fourth quarter. Voloridge Investment Management LLC now owns 229,114 shares of the company’s stock valued at $20,327,000 after acquiring an additional 43,464 shares during the period. Teza Capital Management LLC bought a new position in shares of Visteon in the fourth quarter valued at approximately $233,000. Systematic Financial Management LP boosted its position in shares of Visteon by 3.4% in the fourth quarter. Systematic Financial Management LP now owns 268,495 shares of the company’s stock valued at $23,821,000 after acquiring an additional 8,854 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Visteon by 41.2% in the fourth quarter. ProShare Advisors LLC now owns 8,978 shares of the company’s stock valued at $797,000 after acquiring an additional 2,618 shares during the period. 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.