Visteon (NASDAQ:VC) Stock Price Expected to Rise, Bank of America Analyst Says

Key Points

• Bank of America raised its price target for Visteon from $130.00 to $140.00 while maintaining a "buy" rating, indicating a potential upside of 12.69% from its previous close.
• Visteon reported $2.39 EPS for the last quarter, exceeding the consensus estimate of $2.04, despite a 4.4% year-over-year revenue decline.
• In recent insider transactions, SVP Robert R. Vallance sold 2,000 shares at an average price of $120.00, reflecting a 9.60% decrease in his position.

Visteon (NASDAQ:VC - Get Free Report) had its target price upped by analysts at Bank of America from $130.00 to $140.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Bank of America's price objective would suggest a potential upside of 13.06% from the company's previous close.

VC has been the topic of a number of other reports. Robert W. Baird set a $144.00 target price on shares of Visteon in a report on Wednesday, September 3rd. The Goldman Sachs Group reissued a "buy" rating on shares of Visteon in a research note on Friday, July 25th. Barclays raised their target price on Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a research report on Wednesday, July 2nd. Finally, Guggenheim increased their price target on Visteon from $134.00 to $143.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.54.

Visteon Price Performance

Shares of VC traded down $0.76 during trading hours on Wednesday, reaching $123.83. The stock had a trading volume of 69,521 shares, compared to its average volume of 368,235. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The stock has a market capitalization of $3.38 billion, a PE ratio of 11.79, a PEG ratio of 2.86 and a beta of 1.25. The company's 50-day moving average is $117.43 and its two-hundred day moving average is $95.01.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.35. The business had revenue of $969.00 million during the quarter, compared to analysts' expectations of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The business's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. Research analysts expect that Visteon will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were 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. This trade represents a 9.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total value of $524,305.50. Following the transaction, the director directly owned 2,792 shares of the company's stock, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,102 shares of company stock valued at $1,538,595. Company insiders own 2.00% of the company's stock.

Institutional Trading of Visteon

Several hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in Visteon by 28.6% in the 2nd quarter. American Century Companies Inc. now owns 2,222,551 shares of the company's stock worth $207,364,000 after buying an additional 494,820 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 260,877 shares during the period. New Vernon Capital Holdings II LLC purchased a new position in shares of Visteon in the first quarter valued at $17,068,000. Nuveen LLC bought a new stake in shares of Visteon during the 1st quarter valued at $15,612,000. Finally, Bridgeway Capital Management LLC purchased a new stake in Visteon during the 2nd quarter worth about $15,156,000. Institutional investors own 99.71% of the company's stock.

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.