Visteon (NASDAQ:VC) Rating Increased to Strong-Buy at Baird R W

Baird R W upgraded shares of Visteon (NASDAQ:VC - Free Report) from a hold rating to a strong-buy rating in a report published on Friday,Zacks.com reports.

VC has been the topic of several other research reports. UBS Group reiterated a "neutral" rating and set a $76.00 price target (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Robert W. Baird upgraded Visteon from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $96.00 to $125.00 in a report on Friday. JPMorgan Chase & Co. lifted their price target on Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. The Goldman Sachs Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $83.00 to $120.00 in a report on Friday. Finally, Morgan Stanley reduced their price objective on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.50.

Visteon Stock Performance

Shares of NASDAQ VC traded down $3.98 during midday trading on Friday, reaching $110.38. 464,087 shares of the stock were exchanged, compared to its average volume of 378,996. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 10.34 and a beta of 1.21. Visteon has a twelve month low of $65.10 and a twelve month high of $117.94. The firm has a 50-day simple moving average of $90.82 and a two-hundred day simple moving average of $84.70. 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 released its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.70. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. During the same quarter last year, the company earned $1.61 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts anticipate that Visteon will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the sale, the senior vice president owned 20,838 shares in the company, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Visteon

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after purchasing an additional 204 shares during the last quarter. Cardinal Capital Management raised its stake in shares of Visteon by 0.7% during the second quarter. Cardinal Capital Management now owns 19,998 shares of the company's stock worth $1,866,000 after purchasing an additional 139 shares during the last quarter. GAMMA Investing LLC raised its position in Visteon by 238.0% in the second quarter. GAMMA Investing LLC now owns 605 shares of the company's stock worth $56,000 after acquiring an additional 426 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Visteon by 33.2% in the second quarter. Assenagon Asset Management S.A. now owns 186,872 shares of the company's stock worth $17,435,000 after acquiring an additional 46,605 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Visteon in the second quarter valued at $684,000. 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.