Wells Fargo & Company Boosts Visteon (NASDAQ:VC) Price Target to $124.00

Visteon (NASDAQ:VC) had its target price boosted by Wells Fargo & Company from $119.00 to $124.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

VC has been the subject of a number of other reports. Barclays lowered their price objective on Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada reduced their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Visteon presently has a consensus rating of “Moderate Buy” and an average target price of $123.77.

Visteon Price Performance

Visteon stock opened at $88.61 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.40 billion, a PE ratio of 9.03, a P/E/G ratio of 0.40 and a beta of 1.44. Visteon has a 12 month low of $75.75 and a 12 month high of $121.45. The stock has a 50-day moving average price of $85.50 and a two-hundred day moving average price of $91.15.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Analysts expect that Visteon will post 8.81 EPS for the current year.

Institutional Trading of Visteon

Several hedge funds have recently made changes to their positions in VC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Visteon by 24.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,916 shares of the company’s stock worth $7,179,000 after purchasing an additional 15,666 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Visteon by 23.4% in the 4th quarter. Voloridge Investment Management LLC now owns 229,114 shares of the company’s stock valued at $20,327,000 after acquiring an additional 43,464 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of Visteon in the 4th quarter valued at about $233,000. Systematic Financial Management LP increased its position in shares of Visteon by 3.4% during the 4th quarter. Systematic Financial Management LP now owns 268,495 shares of the company’s stock valued at $23,821,000 after purchasing an additional 8,854 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Visteon by 41.2% during the 4th quarter. ProShare Advisors LLC now owns 8,978 shares of the company’s stock valued at $797,000 after purchasing an additional 2,618 shares during the last quarter. 99.71% of the stock is currently owned by 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.