Visteon (NASDAQ:VC) Raised to Equal Weight at Wells Fargo & Company

Visteon (NASDAQ:VC - Get Free Report) was upgraded by equities researchers at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating in a report issued on Friday, Marketbeat Ratings reports. The firm currently has a $108.00 target price on the stock, up from their prior target price of $106.00. Wells Fargo & Company's price target points to a potential downside of 3.73% from the stock's current price.

Several other equities analysts also recently commented on VC. StockNews.com upgraded shares of Visteon from a "hold" rating to a "buy" rating in a report on Thursday, January 11th. JPMorgan Chase & Co. dropped their target price on shares of Visteon from $146.00 to $145.00 and set a "neutral" rating on the stock in a research note on Monday. Barclays upgraded shares of Visteon from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. UBS Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and upped their target price for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. Finally, Bank of America dropped their target price on shares of Visteon from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Thursday, February 29th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Visteon has a consensus rating of "Moderate Buy" and a consensus price target of $142.36.

Visteon Price Performance

Shares of Visteon stock traded up $2.53 during trading hours on Friday, reaching $112.19. The company's stock had a trading volume of 439,424 shares, compared to its average volume of 286,890. The firm has a 50 day moving average price of $113.72 and a 200-day moving average price of $118.59. Visteon has a one year low of $105.19 and a one year high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. The stock has a market cap of $3.08 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.50 and a beta of 1.65.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.14). Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business had revenue of $933.00 million during the quarter, compared to the consensus estimate of $971.45 million. During the same quarter last year, the firm earned $1.25 earnings per share. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts predict that Visteon will post 8.68 EPS for the current year.

Institutional Investors Weigh In On Visteon

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its holdings in shares of Visteon by 20.0% in the third quarter. Exchange Traded Concepts LLC now owns 1,825 shares of the company's stock worth $252,000 after buying an additional 304 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Visteon by 6.7% in the third quarter. Commonwealth Equity Services LLC now owns 4,381 shares of the company's stock worth $605,000 after buying an additional 277 shares during the last quarter. Redwood Investments LLC raised its holdings in shares of Visteon by 15.1% in the third quarter. Redwood Investments LLC now owns 96,050 shares of the company's stock worth $13,262,000 after buying an additional 12,606 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Visteon by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 596,328 shares of the company's stock worth $82,335,000 after buying an additional 19,296 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Visteon by 17.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,705 shares of the company's stock worth $788,000 after buying an additional 837 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.