Visteon (NASDAQ:VC) Upgraded at The Goldman Sachs Group

Visteon (NASDAQ:VC - Get Free Report) was upgraded by The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research note issued on Friday, Marketbeat.com reports. The firm presently has a $120.00 target price on the stock, up from their prior target price of $83.00. The Goldman Sachs Group's price target suggests a potential upside of 4.93% from the company's current price.

Other research analysts have also recently issued reports about the company. Morgan Stanley decreased their target price on Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. UBS Group reissued a "neutral" rating and issued a $76.00 target price (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Wells Fargo & Company boosted their target price on Visteon from $101.00 to $106.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price target on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $103.50.

Visteon Trading Up 3.3%

Shares of NASDAQ VC traded up $3.63 during midday trading on Friday, hitting $114.36. The stock had a trading volume of 732,649 shares, compared to its average volume of 338,756. The company's 50-day simple moving average is $90.82 and its 200 day simple moving average is $84.70. The firm has a market cap of $3.12 billion, a P/E ratio of 10.72 and a beta of 1.21. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50.

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

Insider Buying and Selling

In related news, SVP Robert R. Vallance sold 2,000 shares of the 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 of the company's stock, valued at approximately $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VC. UMB Bank n.a. raised its stake in 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 buying an additional 324 shares during the period. Parallel Advisors LLC raised its stake in 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 buying an additional 408 shares during the period. Quadrant Capital Group LLC raised its stake in 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 buying an additional 347 shares during the period. GAMMA Investing LLC raised its stake in Visteon by 238.0% in the second quarter. GAMMA Investing LLC now owns 605 shares of the company's stock valued at $56,000 after buying an additional 426 shares during the period. Finally, Signaturefd LLC raised its stake in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after buying an additional 263 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

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.