Visteon (NASDAQ:VC) Price Target Raised to $143.00

Key Points

• Guggenheim raised Visteon's price target from $134.00 to $143.00, indicating a potential upside of 11.06% from the previous close, while maintaining a "buy" rating on the stock.
• Visteon reported a quarterly earnings of $2.39 per share, surpassing analysts' estimates, despite a year-over-year revenue decline of 4.4%.
• There is a strong consensus among analysts with 1 Strong Buy, 9 Buy, and 3 Hold ratings for Visteon, with an average target price of $123.25.

Visteon (NASDAQ:VC - Get Free Report) had its price objective boosted by Guggenheim from $134.00 to $143.00 in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Guggenheim's price objective indicates a potential upside of 14.78% from the stock's previous close.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company increased their target price on shares of Visteon from $129.00 to $145.00 and gave the stock an "overweight" rating in a report on Tuesday, September 9th. Cfra Research lowered shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. The Goldman Sachs Group restated a "buy" rating on shares of Visteon in a report on Friday, July 25th. Finally, Robert W. Baird set a $144.00 price objective on shares of Visteon in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.54.

Visteon Trading Down 2.9%

Shares of Visteon stock traded down $3.69 during trading on Tuesday, reaching $124.59. 192,287 shares of the stock were exchanged, compared to its average volume of 261,791. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The stock's fifty day moving average is $117.43 and its 200 day moving average is $94.96. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.25. Visteon has a 1 year low of $65.10 and a 1 year high of $129.10.

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

Insider Buying and Selling at Visteon

In other Visteon news, Director Francis M. Scricco sold 4,350 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the sale, the senior vice president directly owned 6,698 shares of the company's stock, valued at $770,872.82. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,102 shares of company stock valued at $1,538,595. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Visteon

Several institutional investors and hedge funds have recently made changes to their positions in VC. American Century Companies Inc. increased its position in shares of Visteon by 28.6% during the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company's stock valued at $207,364,000 after acquiring an additional 494,820 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in 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 purchasing an additional 260,877 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new stake in Visteon in the first quarter worth approximately $17,068,000. Nuveen LLC purchased a new stake in Visteon in the first quarter worth approximately $15,612,000. Finally, Bridgeway Capital Management LLC purchased a new stake in Visteon in the second quarter worth approximately $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.