Visteon (NASDAQ:VC) Price Target Raised to $115.00

Visteon (NASDAQ:VC - Get Free Report) had its price objective raised by research analysts at Barclays from $95.00 to $115.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential upside of 5.61% from the company's current price.

A number of other analysts have also weighed in on VC. UBS Group reissued a "neutral" rating and issued a $76.00 price objective (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Morgan Stanley reduced their target price on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Wells Fargo & Company raised their target price on shares of Visteon from $101.00 to $106.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wolfe Research raised shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Visteon presently has a consensus rating of "Moderate Buy" and an average target price of $106.25.

Visteon Stock Performance

Shares of NASDAQ:VC traded down $1.52 during midday trading on Wednesday, hitting $108.89. The company had a trading volume of 96,128 shares, compared to its average volume of 340,435. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 10.20 and a beta of 1.21. Visteon has a 12-month low of $65.10 and a 12-month high of $117.94. The company has a fifty day moving average of $92.54 and a two-hundred day moving average of $85.20.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.95% and a net margin of 7.68%. Visteon's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 EPS. On average, equities research analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the transaction, the senior vice president directly owned 20,838 shares in the company, valued at $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 available through the SEC website. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Visteon

Large investors have recently made changes to their positions in the stock. Truist Financial Corp purchased a new stake in Visteon during the 2nd quarter worth approximately $722,000. Signaturefd LLC increased its stake in Visteon by 106.6% during the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the company's stock worth $176,000 after buying an additional 973 shares during the period. Kirr Marbach & Co. LLC IN increased its stake in Visteon by 0.4% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 70,988 shares of the company's stock worth $6,623,000 after buying an additional 281 shares during the period. Fifth Third Bancorp increased its stake in Visteon by 111.5% during the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after buying an additional 204 shares during the period. Finally, Cardinal Capital Management increased its stake in Visteon by 0.7% during the 2nd quarter. Cardinal Capital Management now owns 19,998 shares of the company's stock worth $1,866,000 after buying an additional 139 shares during the period. 99.71% of the stock is currently 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.