Visteon (NASDAQ:VC) Given New $106.00 Price Target at Wells Fargo & Company

Visteon (NASDAQ:VC - Get Free Report) had its price objective boosted by equities researchers at Wells Fargo & Company from $101.00 to $106.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 7.32% from the company's current price.

Several other brokerages have also commented on VC. Guggenheim lowered their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Barclays reaffirmed an "equal weight" rating and issued a $82.00 price target (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. TD Cowen started coverage on Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 price objective on the stock. The Goldman Sachs Group reissued a "neutral" rating and issued a $74.00 target price (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, Robert W. Baird boosted their target price on Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $96.67.

Visteon Stock Performance

Shares of VC traded up $5.47 on Tuesday, reaching $98.77. 633,133 shares of the company's stock traded hands, compared to its average volume of 326,700. The stock's 50 day simple moving average is $85.40 and its two-hundred day simple moving average is $83.45. The stock has a market cap of $2.69 billion, a PE ratio of 9.26 and a beta of 1.19. Visteon has a 52-week low of $65.10 and a 52-week high of $117.94. The company has a current ratio of 1.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.21.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in shares of Visteon by 58.8% in the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after purchasing an additional 536,073 shares during the period. Norges Bank purchased a new stake in shares of Visteon in the 4th quarter valued at about $29,468,000. Pacer Advisors Inc. boosted its position in shares of Visteon by 2,402.0% during the 1st quarter. Pacer Advisors Inc. now owns 271,738 shares of the company's stock valued at $21,092,000 after acquiring an additional 260,877 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new position in shares of Visteon during the first quarter worth about $17,068,000. Finally, Nuveen LLC bought a new position in shares of Visteon in the first quarter worth approximately $15,612,000. Institutional investors own 99.71% of the company's stock.

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.