Visteon (NASDAQ:VC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo & Company raised Visteon's price target from $129.00 to $145.00, indicating a potential upside of 12.61% from its previous close, while maintaining an "overweight" rating on the stock.
• Several other research firms have varied opinions on Visteon, with ratings from "strong-buy" to "hold", reflecting divergent outlooks on the company's performance.
• Visteon reported quarterly earnings of $2.39 per share, surpassing estimates and showing a year-over-year revenue decrease of 4.4%, highlighting challenges despite exceeding earnings expectations.

Visteon (NASDAQ:VC - Free Report) had its price objective boosted by Wells Fargo & Company from $129.00 to $145.00 in a research note published on Tuesday, Marketbeat reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Morgan Stanley upped their price target on shares of Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Robert W. Baird set a $144.00 price target on shares of Visteon in a research report on Wednesday, September 3rd. UBS Group restated a "buy" rating and issued a $146.00 price target (up from $142.00) on shares of Visteon in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $124.54.

Visteon Price Performance

VC stock traded down $3.69 during trading on Tuesday, reaching $124.59. 192,287 shares of the company were exchanged, compared to its average volume of 261,791. The company has a 50-day moving average of $117.43 and a two-hundred day moving average of $94.96. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.94 and a beta of 1.25. Visteon has a twelve month low of $65.10 and a twelve month high of $129.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share (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 firm's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a dividend of $0.275 per share. The ex-dividend date was Monday, August 18th. This represents a $1.10 annualized dividend and a dividend yield of 0.9%. Visteon's dividend payout ratio is 10.49%.

Insider Transactions at Visteon

In other news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction 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 sale, the director directly owned 2,792 shares in the company, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the sale, the senior vice president owned 18,838 shares of the company's stock, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,102 shares of company stock worth $1,538,595 over the last three months. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VC. American Century Companies Inc. boosted its stake in Visteon by 28.6% during the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company's stock worth $207,364,000 after acquiring an additional 494,820 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Visteon by 2,402.0% during the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company's stock worth $21,092,000 after acquiring an additional 260,877 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new position in Visteon during the first quarter worth $17,068,000. Nuveen LLC bought a new position in shares of Visteon in the first quarter valued at $15,612,000. Finally, Bridgeway Capital Management LLC bought a new position in shares of Visteon in the second quarter valued at $15,156,000. 99.71% of the stock is owned by institutional investors.

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.