Wall Street Zen Upgrades Visteon (NASDAQ:VC) to Buy

Key Points

• Wall Street Zen has upgraded Visteon from a "hold" rating to a "buy" rating, signaling increased analyst confidence in the stock.
• Recent price target adjustments by various firms include Morgan Stanley raising it to $95, Wells Fargo increasing it to $151, and Bank of America setting a target of $140.
• Visteon reported earnings per share of $2.39 for the last quarter, exceeding analysts' estimates, despite experiencing a 4.4% decline in revenue year-over-year.

Visteon (NASDAQ:VC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

A number of other analysts have also recently issued reports on VC. Morgan Stanley raised their price objective on Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Wells Fargo & Company raised their price objective on Visteon from $145.00 to $151.00 and gave the company an "overweight" rating in a research report on Thursday, September 25th. Robert W. Baird set a $144.00 price objective on Visteon in a research report on Wednesday, September 3rd. The Goldman Sachs Group set a $147.00 price objective on Visteon in a research report on Monday. Finally, Bank of America raised their price objective on Visteon from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $127.08.

Visteon Stock Down 1.1%

VC stock traded down $1.30 during mid-day trading on Friday, reaching $120.95. The company had a trading volume of 483,809 shares, compared to its average volume of 301,834. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. The stock has a 50 day simple moving average of $121.31 and a two-hundred day simple moving average of $98.88. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 2.80 and a beta of 1.22. Visteon has a 52 week low of $65.10 and a 52 week high of $129.10.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.35. The firm had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The business's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Visteon will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the sale, the senior vice president directly owned 18,838 shares of the company's stock, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $115.09, for a total value of $81,713.90. Following the sale, the senior vice president directly owned 6,698 shares of the company's stock, valued at approximately $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,102 shares of company stock valued at $1,338,295. Insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Visteon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. Wealth Enhancement Advisory Services LLC acquired a new position in Visteon in the 4th quarter valued at $203,000. GAMMA Investing LLC raised its holdings in Visteon by 11,981.7% in the 1st quarter. GAMMA Investing LLC now owns 13,894 shares of the company's stock valued at $1,078,000 after acquiring an additional 13,779 shares in the last quarter. Parallel Advisors LLC raised its holdings in Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after acquiring an additional 408 shares in the last quarter. UMB Bank n.a. raised its holdings in Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after acquiring an additional 324 shares in the last quarter. Finally, Washington Capital Management Inc. raised its holdings in Visteon by 19.0% in the 1st quarter. Washington Capital Management Inc. now owns 7,500 shares of the company's stock valued at $582,000 after acquiring an additional 1,200 shares in the last quarter. 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.

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