Visteon (NASDAQ:VC) Given New $131.00 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft raised Visteon's price target from $120.00 to $131.00, indicating a potential upside of 13.78% from the current stock price.
• Visteon reported earnings of $2.39 per share in its last quarter, surpassing analysts' expectations of $1.86, although revenue fell 4.4% year-over-year.
• Investment sentiment remains optimistic with several upgrades, resulting in an average rating of "Moderate Buy" and a target price of $107.17 according to MarketBeat.

Visteon (NASDAQ:VC - Get Free Report) had its price target raised by research analysts at Deutsche Bank Aktiengesellschaft from $120.00 to $131.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 13.78% from the company's current price.

VC has been the subject of several other research reports. Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $96.00 to $125.00 in a research note on Friday, July 11th. Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. The Goldman Sachs Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and boosted their target price for the company from $83.00 to $120.00 in a research report on Friday, July 11th. Morgan Stanley cut their price objective on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Finally, Guggenheim cut their target price on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $107.17.

Visteon Stock Performance

NASDAQ VC opened at $115.13 on Friday. The stock has a market cap of $3.14 billion, a PE ratio of 10.79 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.83. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The firm's fifty day moving average price is $94.98 and its two-hundred day moving average price is $86.02.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.53. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The business had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same period in the previous year, the business earned $2.54 EPS. Visteon's revenue was down 4.4% compared to the same quarter last year. On average, equities analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Insider Activity at Visteon

In related news, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the transaction, the senior vice president owned 20,838 shares of the company's stock, valued at $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VC. Vanguard Group Inc. boosted its stake in Visteon by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock valued at $258,106,000 after acquiring an additional 16,442 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Visteon by 19.3% in the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock valued at $134,106,000 after purchasing an additional 279,714 shares during the last quarter. Invesco Ltd. increased its stake in Visteon by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,210,198 shares of the company's stock worth $93,936,000 after buying an additional 25,687 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Visteon by 5.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock worth $80,621,000 after purchasing an additional 45,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after buying an additional 124,897 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other 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.

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