Visteon (NASDAQ:VC) Stock Rating Upgraded by The Goldman Sachs Group

Visteon (NASDAQ:VC - Get Free Report) was upgraded by stock analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research note issued on Friday, MarketBeat Ratings reports. The firm presently has a $120.00 target price on the stock. The Goldman Sachs Group's target price would suggest a potential upside of 10.81% from the company's current price.

Several other brokerages have also recently commented on VC. Guggenheim lowered their price target on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group reaffirmed a "neutral" rating and set a $76.00 target price (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Barclays reaffirmed an "equal weight" rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Wolfe Research raised Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price for the company in a research report on Wednesday, July 2nd. Finally, Robert W. Baird raised Visteon from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $96.00 to $125.00 in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Visteon has an average rating of "Moderate Buy" and an average price target of $105.23.

Visteon Trading Down 0.4%

Shares of NASDAQ VC opened at $108.29 on Friday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 10.15 and a beta of 1.21. The business has a 50 day simple moving average of $89.53 and a 200 day simple moving average of $84.42. Visteon has a 52 week low of $65.10 and a 52 week high of $117.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.83.

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

Insider Activity at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the company'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 transaction of $200,300.00. Following the completion of the transaction, the senior vice president directly owned 20,838 shares in the company, valued at $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 the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. UMB Bank n.a. raised 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 valued at $34,000 after purchasing an additional 324 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after purchasing an additional 408 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC raised its stake in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares in the last quarter. Finally, CX Institutional acquired a new position in Visteon during the first quarter worth $63,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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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