Visteon (NASDAQ:VC) Lifted to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Visteon (NASDAQ:VC) from an equal weight rating to an overweight rating in a report published on Friday, MarketBeat Ratings reports. The firm currently has $122.00 price target on the stock, up from their previous price target of $115.00.

A number of other research firms also recently issued reports on VC. Citigroup dropped their price target on Visteon from $139.00 to $126.00 and set a buy rating on the stock in a research note on Friday, July 12th. Robert W. Baird reiterated a neutral rating and set a $120.00 target price (down from $137.00) on shares of Visteon in a research report on Friday, July 12th. Morgan Stanley lowered their target price on Visteon from $135.00 to $100.00 and set an equal weight rating on the stock in a research report on Wednesday, August 14th. Wolfe Research initiated coverage on Visteon in a report on Thursday, September 5th. They set a peer perform rating on the stock. Finally, Baird R W cut Visteon from a strong-buy rating to a hold rating in a report on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $130.36.

Visteon Stock Performance

Visteon stock opened at $95.30 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.63 billion, a P/E ratio of 5.45, a PEG ratio of 0.44 and a beta of 1.46. The stock’s 50 day moving average is $101.40 and its 200 day moving average is $107.64. Visteon has a twelve month low of $88.37 and a twelve month high of $143.97.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $1.18 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Visteon will post 8.06 earnings per share for the current fiscal year.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now owns 5,988 shares in the company, valued at $669,039.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Visteon

A number of large investors have recently bought and sold shares of VC. Signaturefd LLC raised its stake in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Visteon during the first quarter worth $48,000. Quadrant Capital Group LLC increased its position in shares of Visteon by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after purchasing an additional 178 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Visteon during the second quarter worth $59,000. Institutional investors own 99.71% of the company’s stock.

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.