Visteon (NASDAQ:VC) Given New $119.00 Price Target at Wells Fargo & Company

Visteon (NASDAQ:VC) had its price objective trimmed by Wells Fargo & Company from $122.00 to $119.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Wolfe Research began coverage on shares of Visteon in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Barclays cut their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Royal Bank of Canada lowered their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.15.

Visteon Price Performance

NASDAQ VC opened at $90.46 on Monday. 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 1 year low of $86.27 and a 1 year high of $131.43. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 4.91, a PEG ratio of 0.44 and a beta of 1.44. The stock’s fifty day moving average price is $92.07 and its 200 day moving average price is $98.72.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.89 by $0.37. The business had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 EPS. As a group, equities research analysts forecast that Visteon will post 8.2 earnings per share for the current year.

Hedge Funds Weigh In On Visteon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in shares of Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Visteon in the 2nd quarter valued at about $89,000. KBC Group NV raised its position in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares in the last quarter. nVerses Capital LLC lifted its stake in Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares during the last quarter. Finally, Covestor Ltd increased its stake in Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.