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

Key Points

• Wells Fargo & Company has raised Visteon's price target from $145.00 to $151.00, indicating a potential upside of 25.71% from its current stock price.
• Other analysts have also increased their ratings for Visteon, with Guggenheim and Bank of America both assigning "buy" ratings and raising their target prices significantly.
• Visteon reported a quarterly earnings per share of $2.39, surpassing analysts' expectations, despite a 4.4% decline in revenue compared to the previous year.

Visteon (NASDAQ:VC - Get Free Report) had its price target raised by equities research analysts at Wells Fargo & Company from $145.00 to $151.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 25.71% from the company's current price.

Several other equities analysts also recently weighed in on VC. Guggenheim lifted their target price on shares of Visteon from $134.00 to $143.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Bank of America raised their target price on Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Cfra Research cut shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their target price on shares of Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $125.00.

Visteon Stock Down 0.6%

VC traded down $0.76 during midday trading on Thursday, reaching $120.12. 32,211 shares of the company were exchanged, compared to its average volume of 366,668. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 2.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. Visteon has a one year low of $65.10 and a one year high of $129.10. The company's fifty day moving average price is $119.96 and its 200 day moving average price is $97.01.

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 business had revenue of $969.00 million for 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 revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. As a group, analysts expect that Visteon will post 8.42 EPS for the current year.

Insider Buying and Selling

In related 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 transaction, the director owned 2,792 shares of the company's stock, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $115.09, for a total value of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,102 shares of company stock worth $1,538,595 in the last quarter. 2.00% of the stock is owned by insiders.

Institutional Trading of Visteon

A number of institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after buying an additional 324 shares during the period. Fifth Third Bancorp increased its position in shares of Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company's stock valued at $36,000 after acquiring an additional 204 shares during the period. Parallel Advisors LLC raised its stake in shares of Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after acquiring an additional 408 shares during the last quarter. EMC Capital Management purchased a new stake in shares of Visteon during the second quarter worth about $45,000. Finally, GAMMA Investing LLC increased its holdings in Visteon by 238.0% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company's stock valued at $56,000 after purchasing an additional 426 shares during the period. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.