Visteon (NASDAQ:VC) Stock Price Expected to Rise, UBS Group Analyst Says

Key Points

• UBS Group has increased Visteon's price target from $142.00 to $146.00, indicating a potential upside of 28.54% based on the current stock price.
• Visteon reported an EPS of $2.39 for the last quarter, exceeding analysts' expectations by $0.35, although quarterly revenue showed a 4.4% decrease year-over-year.
• The company currently holds an average rating of "Moderate Buy" from analysts with a target price averaging $114.92.
• Insiders own 2.00% of Visteon stock, with recent transactions showing a senior vice president reducing their holdings by 8.76%.

Visteon (NASDAQ:VC - Free Report) had its price objective raised by UBS Group from $142.00 to $146.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on VC. Morgan Stanley decreased 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. Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of Visteon from $106.00 to $129.00 and gave the company an "overweight" rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Visteon from $97.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $115.33.

Visteon Stock Performance

Visteon stock traded down $1.81 during mid-day trading on Friday, hitting $113.32. 394,570 shares of the company's stock traded hands, compared to its average volume of 569,533. The firm has a 50 day moving average price of $95.51 and a 200 day moving average price of $86.21. The company has a quick ratio of 1.50, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.09 billion, a PE ratio of 10.80 and a beta of 1.21. Visteon has a one year low of $65.10 and a one year high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.35. The firm had revenue of $969.00 million for the quarter, compared to the consensus estimate of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.54 EPS. On average, equities analysts forecast that Visteon will post 8.42 EPS for the current year.

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, August 18th.

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, July 2nd. The shares were sold at an average price of $100.15, for a total transaction of $200,300.00. Following the transaction, the senior vice president directly owned 20,838 shares in the company, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Visteon

A number of large investors have recently made changes to their positions in the business. New York State Common Retirement Fund raised its holdings in shares of Visteon by 6.8% during the first quarter. New York State Common Retirement Fund now owns 9,117 shares of the company's stock worth $708,000 after acquiring an additional 584 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Visteon by 12.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock worth $571,000 after acquiring an additional 799 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Visteon during the first quarter worth $472,000. Sei Investments Co. raised its holdings in shares of Visteon by 93.2% during the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company's stock worth $13,095,000 after acquiring an additional 71,202 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Visteon by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock valued at $58,231,000 after buying an additional 17,526 shares during the last quarter. Institutional investors and hedge funds 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.