Wells Fargo & Company Raises Visteon (NASDAQ:VC) Price Target to $101.00

Visteon (NASDAQ:VC) had its price objective boosted by equities researchers at Wells Fargo & Company from $96.00 to $101.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 19.01% from the stock’s previous close.

Several other equities research analysts have also weighed in on VC. Barclays reissued an “equal weight” rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. JPMorgan Chase & Co. increased their target price on Visteon from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, May 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $74.00 target price (down previously from $103.00) on shares of Visteon in a report on Thursday, April 10th. Royal Bank of Canada reduced their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, TD Cowen began coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $96.25.

Visteon Stock Performance

Shares of VC stock opened at $84.87 on Monday. The business has a 50 day simple moving average of $78.16 and a 200 day simple moving average of $84.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. Visteon has a 12-month low of $65.10 and a 12-month high of $117.94.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. On average, equities research analysts anticipate that Visteon will post 8.42 EPS for the current year.

Hedge Funds Weigh In On Visteon

Several hedge funds have recently bought and sold shares of VC. American Century Companies Inc. increased its position in Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after buying an additional 536,073 shares during the last quarter. Norges Bank acquired a new stake in shares of Visteon in the fourth quarter valued at about $29,468,000. Pacer Advisors Inc. grew its position in shares of Visteon by 2,402.0% in the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company’s stock valued at $21,092,000 after purchasing an additional 260,877 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new stake in shares of Visteon in the first quarter valued at about $17,068,000. Finally, Nuveen LLC acquired a new stake in shares of Visteon in the first quarter valued at about $15,612,000. 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.