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

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 lifted by Guggenheim from $134.00 to $143.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Guggenheim's target price would indicate a potential upside of 11.06% from the company's previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a report on Sunday, August 24th. Morgan Stanley boosted their price target on shares of Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Barclays upped their target price on Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Finally, Robert W. Baird set a $144.00 target price on Visteon in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and an average target price of $123.25.

Visteon Trading Up 2.9%

NASDAQ:VC opened at $128.76 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 4.83 and a beta of 1.25. The company's 50 day moving average price is $115.50 and its 200-day moving average price is $93.94.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.39 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 net margin of 7.61% and a return on equity of 23.22%. The business's revenue was down 4.4% on a year-over-year basis. During the same period last year, the company posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the business'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 transaction, the senior vice president owned 20,838 shares of the company's stock, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the completion of the transaction, the director directly owned 2,792 shares of the company's stock, valued at approximately $336,519.76. The trade was a 60.91% decrease in their position. The disclosure for this sale can be found here. In 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 Inflows and Outflows

A number of large investors have recently modified their holdings of VC. UMB Bank n.a. lifted its holdings in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after purchasing an additional 324 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after acquiring an additional 204 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after acquiring an additional 408 shares during the period. EMC Capital Management bought a new stake in Visteon during the second quarter valued at $45,000. Finally, GAMMA Investing LLC boosted its stake in Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company's stock valued at $56,000 after buying an additional 426 shares during the period. Institutional investors 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.

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