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

Key Points

• Wells Fargo & Company has raised its price target for Visteon from $106.00 to $129.00, indicating a potential upside of 13.26% from the current price. The brokerage maintains an "overweight" rating on the stock.
• Other analysts have also increased their ratings on Visteon, with Robert W. Baird upgrading it to "outperform" and setting a target of $125.00, while Wolfe Research targets $123.00.
• Visteon reported an EPS of $2.39 for the last quarter, exceeding the consensus estimate by $0.53, but with a revenue decline of 4.4% year-over-year.
• Insider selling activity was noted, with SVP Robert R. Vallance selling 2,000 shares at an average price of $100.15, indicating a decrease in his holdings by 8.76%.

Visteon (NASDAQ:VC - Get Free Report) had its price target increased by analysts at Wells Fargo & Company from $106.00 to $129.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 13.84% from the stock's previous close.

Several other research analysts have also commented on VC. JPMorgan Chase & Co. lifted their price objective on shares of Visteon from $97.00 to $101.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. The Goldman Sachs Group raised shares of Visteon from a "neutral" rating to a "buy" rating and boosted their target price for the company from $83.00 to $120.00 in a research note on Friday, July 11th. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Guggenheim lowered their target price on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays boosted their target price on shares of Visteon from $95.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.33.

Visteon Stock Performance

NASDAQ VC traded down $1.81 on Friday, reaching $113.32. 394,570 shares of the stock were exchanged, compared to its average volume of 569,533. Visteon has a one year low of $65.10 and a one year high of $117.94. The firm has a market capitalization of $3.09 billion, a PE ratio of 10.80 and a beta of 1.21. The company's 50-day simple moving average is $95.51 and its two-hundred day simple moving average is $86.21. The company has a current ratio of 1.87, a quick ratio of 1.50 and a debt-to-equity ratio of 0.19.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.35. The firm 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 company's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.54 earnings per share. Analysts expect that Visteon will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction 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 sale, the senior vice president directly owned 20,838 shares in the company, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Visteon

Several large investors have recently added to or reduced their stakes in VC. Fifth Third Bancorp increased its stake in Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after acquiring an additional 204 shares during the last quarter. UMB Bank n.a. increased its stake in Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after acquiring an additional 324 shares during the last quarter. Parallel Advisors LLC increased its stake in Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after acquiring an additional 408 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after acquiring an additional 347 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company's stock worth $56,000 after acquiring an additional 426 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.