Royal Bank Of Canada Raises Visteon (NASDAQ:VC) Price Target to $138.00

Key Points

• Royal Bank of Canada has raised Visteon's price target to $138.00, suggesting a potential upside of 25.39% from the stock's previous close.
• Visteon has recently reported a quarterly EPS of $2.15, beating estimates but showing a 6.4% decline in revenue compared to the same quarter last year.
• Analysts generally maintain a positive outlook for Visteon, with a consensus rating of "Moderate Buy" and an average target price of $132.23.

Visteon (NASDAQ:VC - Get Free Report) had its price target lifted by analysts at Royal Bank Of Canada from $136.00 to $138.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price would indicate a potential upside of 25.39% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Barclays increased their target price on Visteon from $120.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded Visteon from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of Visteon from $104.00 to $122.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Wells Fargo & Company raised their price target on shares of Visteon from $145.00 to $151.00 and gave the company an "overweight" rating in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.23.

Visteon Stock Down 0.2%

Shares of Visteon stock traded down $0.17 during trading on Friday, hitting $110.05. 219,354 shares of the stock traded hands, compared to its average volume of 376,187. Visteon has a 52-week low of $65.10 and a 52-week high of $129.10. The stock's fifty day simple moving average is $121.31 and its 200 day simple moving average is $102.37. The firm has a market cap of $3.00 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 2.74 and a beta of 1.22. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.07 by $0.08. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $945.41 million. During the same quarter in the previous year, the business posted $2.26 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. On average, equities analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the completion of the sale, the senior vice president directly owned 6,698 shares in the company, valued at approximately $770,872.82. The trade was a 9.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the sale, the senior vice president owned 18,838 shares in the company, valued at $2,260,560. The trade was a 9.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,102 shares of company stock worth $1,338,295. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Visteon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Visteon by 12.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock worth $571,000 after buying an additional 799 shares during the last quarter. Highland Capital Management LLC purchased a new position in shares of Visteon during the 1st quarter valued at approximately $248,000. D.A. Davidson & CO. acquired a new position in shares of Visteon in the 1st quarter valued at $619,000. Envestnet Asset Management Inc. boosted its holdings in Visteon by 66.9% during the first quarter. Envestnet Asset Management Inc. now owns 24,698 shares of the company's stock worth $1,917,000 after buying an additional 9,900 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Visteon by 11.4% during the first quarter. M&T Bank Corp now owns 3,600 shares of the company's stock worth $280,000 after buying an additional 368 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.

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