Visteon (NASDAQ:VC) Upgraded by Wolfe Research to "Outperform" Rating

Wolfe Research upgraded shares of Visteon (NASDAQ:VC - Free Report) from a peer perform rating to an outperform rating in a research report sent to investors on Wednesday, MarketBeat reports. The brokerage currently has $123.00 target price on the stock.

Several other analysts have also commented on VC. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $74.00 price target (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Barclays reissued an "equal weight" rating and issued a $82.00 price target (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Wells Fargo & Company increased their price objective on Visteon from $101.00 to $106.00 and gave the company an "overweight" rating in a report on Tuesday. Guggenheim decreased their target price on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley lowered their price target on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $98.69.

Visteon Stock Performance

NASDAQ:VC traded up $4.11 during trading hours on Wednesday, reaching $102.88. The company had a trading volume of 576,509 shares, compared to its average volume of 328,356. 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 has a 1-year low of $65.10 and a 1-year high of $117.94. The business's 50 day moving average price is $85.90 and its 200-day moving average price is $83.56. The firm has a market cap of $2.80 billion, a PE ratio of 9.64 and a beta of 1.21.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after purchasing an additional 324 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares during the period. Quadrant Capital Group LLC increased its stake in Visteon by 225.3% during the 4th 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 period. Signaturefd LLC lifted its holdings in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after acquiring an additional 263 shares during the period. Finally, CX Institutional acquired a new position in shares of Visteon during the 1st quarter worth $63,000. 99.71% of the stock is currently owned by institutional investors.

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.