Barclays Forecasts Strong Price Appreciation for Visteon (NASDAQ:VC) Stock

Visteon (NASDAQ:VC - Get Free Report) had its target price boosted by analysts at Barclays from $95.00 to $115.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price points to a potential upside of 5.08% from the stock's previous close.

Several other research firms have also recently weighed in on VC. JPMorgan Chase & Co. lifted their price objective on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Baird R W upgraded Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Morgan Stanley cut their price objective on Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Wells Fargo & Company lifted their price objective on Visteon from $101.00 to $106.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Wolfe Research raised 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. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.25.

Visteon Price Performance

Shares of NASDAQ:VC traded down $0.97 during midday trading on Wednesday, reaching $109.44. The company's stock had a trading volume of 336,786 shares, compared to its average volume of 342,120. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The company has a market capitalization of $2.98 billion, a P/E ratio of 9.40 and a beta of 1.21. 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 business's fifty day simple moving average is $93.04 and its 200-day simple moving average is $85.35.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping analysts' consensus estimates 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%. The company's revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. As a group, equities research analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Insider Transactions at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total transaction of $200,300.00. Following the completion of the sale, the senior vice president directly owned 20,838 shares in the company, valued at approximately $2,086,925.70. This represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Trading of Visteon

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Visteon by 58.8% during the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after buying an additional 536,073 shares during the last quarter. Norges Bank bought a new stake in shares of Visteon during the 4th quarter worth $29,468,000. Pacer Advisors Inc. lifted its position in shares of Visteon by 2,402.0% during the 1st 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 during the last quarter. New Vernon Capital Holdings II LLC bought a new stake in shares of Visteon during the 1st quarter worth $17,068,000. Finally, Nuveen LLC bought a new stake in shares of Visteon during the 1st quarter worth $15,612,000. 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.