Visteon (NASDAQ:VC) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• The stock of Visteon (NASDAQ:VC) has been given a "hold (C)" rating by Weiss Ratings as analysts assess its market position.
• Multiple firms have adjusted their target prices for Visteon, with Barclays raising it from $120 to $135 and Wells Fargo increasing it from $145 to $151, indicating growing bullish sentiment despite a recent stock decline of 2.2%.
• Institutional investors hold a predominant stake in Visteon, with recent increases in holdings from companies like American Century and Pacer Advisors, now owning 99.71% of the stock collectively.

Visteon (NASDAQ:VC - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other equities research analysts have also commented on the company. Wolfe Research raised Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target for the company in a research report on Wednesday, July 2nd. Robert W. Baird set a $141.00 price objective on Visteon in a report on Friday. Barclays raised their target price on Visteon from $120.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Friday, October 10th. Bank of America raised their target price on Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Finally, Wells Fargo & Company raised their target price on Visteon from $145.00 to $151.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.23.

Visteon Stock Down 2.2%

Shares of VC traded down $2.40 during trading hours on Friday, reaching $107.82. The stock had a trading volume of 696,142 shares, compared to its average volume of 455,406. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The firm has a 50-day simple moving average of $121.31 and a 200 day simple moving average of $102.37. The company has a current ratio of 1.89, a quick ratio of 1.55 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 2.62 and a beta of 1.22.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.08. The company had revenue of $917.00 million for the quarter, compared to analysts' expectations of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.Visteon's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $2.26 EPS. Visteon has set its FY 2025 guidance at EPS. Equities research analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the transaction, the senior vice president directly owned 18,838 shares of the company's stock, valued at $2,260,560. The trade was a 9.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total value of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,102 shares of company stock valued at $1,338,295 in the last ninety days. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Visteon

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Visteon by 28.6% in the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company's stock worth $207,364,000 after acquiring an additional 494,820 shares in the last quarter. Pacer Advisors Inc. increased its position in Visteon by 2,402.0% in the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company's stock worth $21,092,000 after buying an additional 260,877 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new stake in Visteon during the 1st quarter valued at approximately $17,068,000. Nuveen LLC bought a new stake in Visteon during the 1st quarter valued at approximately $15,612,000. Finally, Bridgeway Capital Management LLC purchased a new position in Visteon during the 2nd quarter valued at approximately $15,156,000. 99.71% of the stock is currently owned by institutional investors.

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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