Visteon (NASDAQ:VC) Stock Rating Upgraded by Robert W. Baird

Robert W. Baird upgraded shares of Visteon (NASDAQ:VC - Free Report) from a neutral rating to an outperform rating in a research report released on Friday, MarketBeat Ratings reports. They currently have $125.00 target price on the stock, up from their prior target price of $96.00.

Several other equities research analysts have also commented on the stock. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective on the stock in a research report on Wednesday, July 2nd. Barclays reissued an "equal weight" rating and issued a $82.00 target price (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Morgan Stanley dropped their target price on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. The Goldman Sachs Group reissued a "neutral" rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $105.23.

Visteon Stock Up 2.3%

Shares of VC traded up $2.44 during mid-day trading on Friday, hitting $110.73. 855,833 shares of the company traded hands, compared to its average volume of 337,290. The business has a 50 day moving average of $90.14 and a 200 day moving average of $84.58. The company has a market capitalization of $3.02 billion, a PE ratio of 10.38 and a beta of 1.21. Visteon has a 1-year low of $65.10 and a 1-year high of $117.94. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.21.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $906.38 million. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned $1.61 EPS. Equities research analysts anticipate that Visteon will post 8.42 EPS for the current year.

Insider Activity at Visteon

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

Institutional Trading of Visteon

Several large investors have recently bought and sold shares of the business. UMB Bank n.a. increased its position in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after purchasing an additional 324 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after purchasing an additional 408 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after purchasing an additional 347 shares during the last quarter. Signaturefd LLC increased its position in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Visteon in the 1st quarter valued at approximately $63,000. Hedge funds and other 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.