Visteon (NASDAQ:VC) Price Target Raised to $145.00 at Wells Fargo & Company

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 - Get Free Report) had its price target hoisted by equities researchers at Wells Fargo & Company from $129.00 to $145.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 12.61% from the company's previous close.

A number of other research firms have also recently issued reports on VC. Cfra Research cut Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Morgan Stanley increased their price target on Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded Visteon from a "hold" rating to a "buy" rating in a report on Sunday, August 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Visteon presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.25.

Visteon Stock Performance

NASDAQ:VC opened at $128.76 on Tuesday. The stock has a market cap of $3.51 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 4.83 and a beta of 1.25. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock's 50-day moving average is $115.50 and its 200-day moving average is $93.94. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10.

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

Insiders Place Their Bets

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares of the company's stock, valued at approximately $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the sale, the senior vice president owned 20,838 shares in the company, valued at $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,102 shares of company stock valued at $1,538,595 in the last ninety days. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently added to or reduced their stakes in VC. Ameriprise Financial Inc. lifted its holdings in shares of Visteon by 20.0% during the fourth quarter. Ameriprise Financial Inc. now owns 426,163 shares of the company's stock valued at $37,809,000 after purchasing an additional 71,024 shares in the last quarter. Bank of America Corp DE increased its position in Visteon by 74.9% during the fourth quarter. Bank of America Corp DE now owns 185,573 shares of the company's stock valued at $16,464,000 after acquiring an additional 79,444 shares during the last quarter. Captrust Financial Advisors increased its position in Visteon by 4.8% during the fourth quarter. Captrust Financial Advisors now owns 7,435 shares of the company's stock valued at $660,000 after acquiring an additional 338 shares during the last quarter. Deutsche Bank AG increased its position in Visteon by 42.2% during the fourth quarter. Deutsche Bank AG now owns 27,633 shares of the company's stock valued at $2,452,000 after acquiring an additional 8,200 shares during the last quarter. Finally, Ethic Inc. increased its position in Visteon by 52.5% during the fourth quarter. Ethic Inc. now owns 3,474 shares of the company's stock valued at $308,000 after acquiring an additional 1,196 shares during the last quarter. 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.

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