Wells Fargo & Company Raises Visteon (NASDAQ:VC) Price Target to $124.00

Visteon (NASDAQ:VC) had its price target lifted by research analysts at Wells Fargo & Company from $119.00 to $124.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 36.74% from the stock’s current price.

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

Visteon Stock Up 1.7 %

Shares of VC opened at $90.68 on Wednesday. The company has a 50-day simple moving average of $85.59 and a 200-day simple moving average of $91.24. The firm has a market capitalization of $2.50 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.39 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. Visteon has a 52 week low of $75.75 and a 52 week high of $121.45.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 25.13%. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. On average, equities research analysts expect that Visteon will post 8.81 earnings per share for the current year.

Institutional Trading of Visteon

Several hedge funds have recently modified their holdings of VC. American Century Companies Inc. grew its stake in shares of Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock valued at $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Norges Bank bought a new stake in shares of Visteon during the fourth quarter valued at approximately $29,468,000. Price T Rowe Associates Inc. MD grew its stake in shares of Visteon by 78.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company’s stock valued at $29,850,000 after purchasing an additional 147,685 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock valued at $74,886,000 after purchasing an additional 124,897 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Visteon during the fourth quarter valued at approximately $10,170,000. 99.71% of the stock is 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.